8:34 PM
Subscription to the initial public offering (IPO) of Argon Denims, an
export oriented textile Denim materials manufacturer, is ready to start up on November 26.
The IPO subscription will remain open until December 2 for Resident Bangladeshis (RB) and December 11 for Non-Resident Bangladeshis (NRB).
Argon Denims uploaded 3 crore shares price 30 crore taka. The offer price was fixed 35 taka as well as 25 taka premium against per share face worth 10 taka. The company can raise 30 crore taka from public through issuing three crore ordinary shares of 35 taka including a premium of Tk 25 each.
Argon Denims can collect 105 crore taka in total through IPO subscription because the market lot has been fixed at 200 shares, investors will have to pay Tk 7,000 for each.
According to company prospectus, the IPO income are going to be used for loan payment and growth of business. The company’s earnings per share (EPS) was Tk 5.46 as per the 2011 Financial Statements.
Lankabangla Investment Ltd is functioning as Issue Manager for the company.
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The IPO subscription will remain open until December 2 for Resident Bangladeshis (RB) and December 11 for Non-Resident Bangladeshis (NRB).
Argon Denims uploaded 3 crore shares price 30 crore taka. The offer price was fixed 35 taka as well as 25 taka premium against per share face worth 10 taka. The company can raise 30 crore taka from public through issuing three crore ordinary shares of 35 taka including a premium of Tk 25 each.
Argon Denims can collect 105 crore taka in total through IPO subscription because the market lot has been fixed at 200 shares, investors will have to pay Tk 7,000 for each.
According to company prospectus, the IPO income are going to be used for loan payment and growth of business. The company’s earnings per share (EPS) was Tk 5.46 as per the 2011 Financial Statements.
Lankabangla Investment Ltd is functioning as Issue Manager for the company.
Posted in: Forth Coming IPO
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