4:00 PM
The Securities and Exchange Commission on Wednesday
approved the prospectus of a Tk 95-crore initial public offering (IPO) of
Saiham Cotton Mills Ltd.
The company will float 4.75 crore ordinary shares at an offer price of Tk 20 each with a premium of Tk 10, an SEC official told reporters.
The net asset value of Saiham Cotton Mills is Tk 14.73 and it will spend its IPO proceeds to acquire land, new machinery and building infrastructure.
LankaBangla Finance Ltd is the issue manager of the company’s IPO.
The company will float 4.75 crore ordinary shares at an offer price of Tk 20 each with a premium of Tk 10, an SEC official told reporters.
The net asset value of Saiham Cotton Mills is Tk 14.73 and it will spend its IPO proceeds to acquire land, new machinery and building infrastructure.
LankaBangla Finance Ltd is the issue manager of the company’s IPO.
Posted in: Forth Coming IPO
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