Queen South Textile Mills Limited IPO Result 2018. Queen South Textile Mills Limited IPO Result will publish 2018. The IPO application of Quin South Textile Mills Limited will begin from January 7, till 15 January 2018. The company’s special sources confirmed the information on Monday. The BSEC (Bangladesh Securities Exchange Commission) has approved Queen South Textile Mills Limited IPO on 14th November 2017 (Tuesday) to issue 1.50 crore ordinary shares worth TK 10 each at their 615 no. Board Meeting that Presided by BSEC Chairman Prof. Dr. M Khairul Hossain.
Queen South Textile Mills IPO Result
The Bangladesh Securities and Exchange Commission (BSEC) approved the company’s IPO at the 615th Commission Meeting. The company collects 15 million taka from the market share of 1 crore 50 lakh (each share is 10 taka). The amount collected will be 7 crore 44 lakh 46 thousand for the construction of the warehouse, 5 million 60 lakh 12 thousand in the procurement of monthly sanction, 63 lakh 43 thousand for the bank loan repayment and the IPO will be spent in the sector.
Queen South Textile Mills IPO Subscroption
Subscription open: 7th January 2018
Subscription close: 15th January 2018
Alpha Capital Management Ltd. is the manager of Queen South Textile Mills Limited IPO. The Company’s Subscription will start from 7th January 2018 to till 15th January 2018 and Final Prospectus will be published very soon. Authorized Capital of QSTML is TK 2,000,000,000 separated into 200,000,000 ordinary shares of TK 10 each and Paid up Capital is TK 851,500,000 separated into 85,150,000 ordinary shares of TK10 each.
Queen South Textile Mills IPO Application Form
According to the prospects, in the nine months from July, 2016 to March, 2017, the actual asset value (NAV) for the company’s shares has been 16.68 taka. At the same time earnings per share (EPS) has been 1.34 taka. EPS at the same time last year was 1.26 rupees.
Alfa Capital Management Limited is working as the issue manager of the company.
Ended of the year on 31st December 2016 As per company’s financial statement, Queen South Textile Mills Ltd. stands Net Assets Value (NAV) per shares is TK 16.20 and Weighted Average Earning Per Shares (EPS) is TK 1.42.
- Of Share Offer: 1,50,00,000
- Value Of IPO: TK 15,00,00,000
- Face Value: TK 10
- Premium Value: Nil
- Market Lot: 500
- Minimum Lot Value: Tk.5000
Share Allotment: 40% for General Public and Affected Investors=12,000 lot, 40% for Eligible Investor (EI) =12,000 lot, 10% for NRB = 3,000 lot and 10% for Mutual Fund = 3,000 lot.
On 14th November 2017, BSEC (Bangladesh Securities Exchange Commission) approved IPO of above Company. The company will raise a fund worth TK 150.00 million for the reason of accumulation and installation of automatic warehouse storage mechanism, gaining and installation of machinery for upgrading of existing factory unit, incomplete repayment of long-term bank loan of the company and convene the IPO expenses.
Queen South Textile Mills Limited IPO Result will be published on last week of February 2018.
About Queen South Textile Mills Ltd.
Queen South Textile Mills Limited (short name- QSTML) is a 100% export oriented yarn dyeing manufacturing company that located in Dhaka Export Processing Zone, Savar besides capital of Bangladesh. It was incorporated on 15th June 2003 as a private limited Company and subsequently converted into a public limited company on 25th January 2016 and started commercial operation on 1st June 2005. QSTML is engaged in the dyeing of diverse counts of Cotton, Polyester, Acrylic, Viscose, Nylon and Blended Fabric to market the processed yarn as a deemed exporter. Queen South Textile Mills Ltd. imports tons of yarn from reputed spinning mills in China, Pakistan, and India in every month. Prepared with statistics of different latest dyeing machinery that could be produced from 2 Lbs to 5,000 Lbs.
The company has obtained the “ Oeko-Tex Standard 100 ” certified for Yarn, and Dyes, as well as Sewing and Embroidery fabrics. QSTML is also the only ‘ W.S.T.’ certified dyeing factory to obtain the environmental. Not only the dyeing of fabric quality remains one of the maximum pleasures in the market, and it also capable of providing huge manufacture with very short lead time to gather customers to delivery deadlines. Production machinery are equipped with the State of the art technology, including Central Controlling and Monitoring System Laboratory of QSTML is equipped with computer corresponding machine and supply machines, monitored by skilled expert technicians. Management Body of the company are- Wong Jammy Kwok Chan, Managing Director & Director, Wong Kwok Chuen (Nominee of Gain Plus Agents Limited), Chairman & Director, Lee Hung Chun, Director, Wong Elisa Dai Wah, Director and Maqbul Ahmed, FCA, Independent Director.
Queen South Textile Mills Ltd. Address:
|Address of Sales Office (Dhaka):
G/F Road – 3
Baridhara D.O.H.S, Dhaka, Bangladesh
Phone number: +88-02-8855318, 8817216,
Corporate/Registered Office & Factory:
Plot No: 85-88 (Extension Area)
|Dhaka Export Processing Zone
Savar, Dhaka, Bangladesh
Queen South Textile Mills Ltd. Website Address: www.qstmills.com
Note: During BSEC new rules Company will collect IPO money and the rule is “Broker House Should Collect IPO Money Only”.
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