Matin Spinning Mills Ltd IPO Lottery Result 2014. Matin Spinning Mills Ltd IPO Lottery Result will be published on 27th February 2014. Download Matin Spinning Mills Ltd IPO Result from here. You will get fast result from our website. Matin Spinning Mills IPO Lottery draw will be held at 10.00am on the Institution of Engineers auditorium, Bangladesh.
Matin Spinning Mills Ltd IPO Lottery Result
Matin Spinning Mills Ltd IPO Lottery Result will be held at 27th February 2014. When Matin Spinning Mills IPO result will be published then we will give the result. Matin Spinning Mills Ltd IPO Subscription would continue 26th January 2014 to 30th January 2014 for Residence Bangladeshi and 26th Jan2014 to 8th Feb 2014 for Non-Residence Bangladeshis.
Matin Spinning Mills Ltd will issue Tk 34,100,000 ordinary shares from public and can receive Tk 1,261,700,000 through Initial Public Offering (IPO). Manufacturing combed and carded yarn from raw cotton ranging from 10/s (marked “10 single”) to 55/s count up. Major products of Matin Spinning Ltd are Carded, Combed, Synthetic & Slub Yarn.
According to the brochure of Matin Spinning Mills Ltd, the IPO proceed for pay off Tk.1,230,257,270 will be utilized for development of Existing Plant (Melange Project) and Tk 31,442,730 for IPO operating expense. As per financial report on 30th June 2013- Matin Spinning Mills Ltd Face value = Tk. 10 and Offer price = Tk 37per share (with Tk 27 premium), EPS = Tk 3.97 , NAV = Tk 20.04 . IDLC Investment Limited will act as an Issue Manager of this IPO.
Matin Spinning Mills Ltd IPO Result
Matin Spinning Mills Ltd was incorporated as a Private Limited Company in September 2002 and commenced commercial operation in October 2006. Matin Spinning Mills Ltd is an ISO 9001:2008 certified company. The natural history of business of Matin Spinning Mills Ltd is manufacturing Combed and Carded Yarn and the factory is located in Kashimpur & Gazipur with its head-office situated in BGMEA Complex at 12th Floor, Dhaka. Matin Spinning Mills Ltd has changed into a Public Limited Company in 4th November 2010.
Matin Spinning Mills Limited offers a diverse product line to fulfill demands of customers and has the finest yarn spinning facility in the country. They have optimized spinning processes by applying state-of-the-art technology & machineries to every phase of production processes. Matin Spinning Mills Ltd takes huge pride in identifying its role as the pioneer of quality yarn manufacturers of Bangladesh.
Matin Spinning Mills Limited uses cutting edge technology to put our yarn through a series of Quality Control Checks, to ensure strict Quality Standards. That shared vision to marching towards our goal of attaining acknowledged leadership in providing quality products at competitive price.
Total 1, 70,500 lots in IPO out of this it will divide into the categories like- RB, NRB, MF, ASI. It will be divided like that RB=1,02,300 , NRB=17,050 , Mutual Fund=17,050 , Affected Small Investors=34,100 lots.
You can get the information about IPO application form from Matin Spinning Mills Ltd official website at www.matinspinning.com. You will get the Matin Spinning Mills Ltd IPO result after publishing without any delay at this website.