4:28 PM
The SEC also gave permission to Envoy Textiles to resume its IPO subscription period, which was postponed in July.
Envoy Textiles will float three crore ordinary shares of Tk 10 each at an offer price of Tk 30, including a premium of Tk 20, the SEC said in a statement.
The company will raise a fund worth Tk 900 million through the IPO with an aim to purchase machinery, utilise as working capital and bear the cost of IPO proceedings.As per the audited financial statement for the year 2010-2011, the company's basic earning per share (EPS) is Tk 4.42.
LankaBangla Investments Ltd is the issue manager of the Envoy Textiles' IPO.
Envoy Textiles, a subsidiary of Envoy Group, will be the 27th company in the textile sector to list on the bourse. Set up in 2005, Envoy Textiles is a manufacturer of fashion denim.
IPO Subscription will be start from 16-22 October, 2012.
Download IPO Prospectus and Application From: click here
Posted in: Forth Coming IPO
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