Hwa Well Textiles Limited IPO approved

Hwa Well Textiles Limited IPO approved. Hwa Well Textiles Limited IPO approved by The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, 24th December, 2013. The BSEC approved the IPO of Hwa Well Textiles (BD) Ltd to raise finance worth Tk 20 crore. This company will be used  for the company’s business expansion.

M Khairul Hossain, Chairman, BSEC issued approval in a regular commission meeting presided over. Hwa Well Textiles will drift 2 crore ordinary shares through the IPO at an issue price of Tk 10 each share (no premium).

The Hwa Well Textiles Limited will use the IPO fund to purchase machinery, build new factory building, land including development, change the existing machinery and meet up the IPO expenses. Hwa Well Textiles Limited showed earning per share (EPS)=Tk3.66/- and net asset value (NAV) per share= Tk28.25/ according to It’s annual financial statement year ended on June 30, 2013.

Hwa Well Textiles Limited IPO issue manager are Alpha Capital Management and Citizen Securities and Investment. 

Hwa Well IPO Application Forms and Prospectus Download

Hwa Well Textiles Limited IPO subscription detail will be published very soon. So to get All IPO result and news please visit our website regularly.

Hwa Well Textiles Company Address:

Kashore, Habirbari Union-10, Bhaluka, Mymenshingh.

Head Office: Eastern Nibash, House#138, Flat#402, Gulshan Avenue, Dhaka-1212

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AFC Agro Biotech IPO Lottery Result - www.afcagrobiotech.com

AFC Agro Biotech IPO Lottery Result - www.afcagrobiotech.com. AFC Agro Biotech Ltd Initial Public Offering (IPO) Lottery draw are held 2nd week of January, 2014. IPO Subscription date was from 8-12 Dec, 2013 for Residence Bangladeshi and 8-21 Dec, 2013 for Non-Residence Bangladeshi..

Primary Status of IPO of AFC Agro Biotech Ltd.:
Total amount of subscription (excluding NRB)=Tk.6,913,740,010 & Total No. of application=1,082,478. Total amount received from NRB Tk. 113,970,000 & Total application from NRB=22,794 up to 18 December 2013. Hence, Total Application received along with NRB =11,05,272 against 24,000 lots but the NRB application submission last date was 21st December. May be another 40000-50000 NRB application may be added in the mean time. IPO may be over subscript about 50 times then IPO Size.

AFC Agro Biotech can offload twelve million stock of Taka 10/- with none premium, to boost a fund price Taka one hundred twenty million below the fixed price methodology.




AFC Agro BiotechThe company''''s IPO proceeds are wont to purchase new machineries and bear the expanses of the method of public offering.

As per the company''''s half-yearly budget for the year finished on June thirty, 2013 the earning per share (EPS) =Taka 1.01 and net asset value (NAV) per share = Taka 11.10.

Imperial Capital and sigma Capital Management are appointed because the issue managers of the AFC Agro Biotech, that produces agro based mostly pharmaceutical fermentation product.

Download AFC Agro Biotech IPO Lottery Result:

(Result Published)

- Bank / Branch Code
- General Public
- Non Resident Bangladeshi
- Affected Small Investors
- Mutual Fund
Distribution of Refund Warrant:

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