Matin Spinning IPO Result. Matin Spinning Mills IPO result published 27 Feb 2014. DSE IPO Lottery Result Matin Spinning Mills Limited published 2014 by company authority. Matin Spinning Mills Ltd IPO Result, Download Application Forms – www.matinspinning.com. Matin IPO Subscription will continue 26-30 January 2014 for Residence Bangladeshi and 26 Jan-08 Feb 2014 for Non-Residence Bangladeshis.
Matin Spinning Mills Ltd (MSML) will be issued 34,100,000 ordinary shares from public and can take 1,261,700,000 taka through Initial Public offering (IPO).
Manufacturing combed and carded yarn from raw cotton ranging from 10/s (pronounced “10 single”) to 55/s count. Major product of Matin Spinning Ltd is Combed, Carded, Synthetic and Slub Yarn.
According to the prospectus, the IPO proceed for pay off Tk.1,230,257,270 will be utilized for Expansion of Existing Plant (Melange Project) and Tk.31,442,730 for IPO Expenses.
As per financial report on 30 June, 2013, EPS =3.97/-; NAV=20.04/- and 35.73 with revaluation reserve. IDLC Investment Limited will act as a Issue Manager of this IPO.
Matin Spinning Mills Ltd IPO Result
Matin Spinning Mills Ltd face value Tk. 10/-, Offer price 37/- per share (with 27/- premium), Market lot 200 shares and Single lot price 7400/-
Total lots=1,70,500 lots in IPO, out of this it will be divided into following categories, RB=1,02,300, NRB=17,050, Mutual Fund=17,050 and Affected Small Investors=34,100 lots.
Subscription (for RB)= 26th January 2014 to 30 January 2014.
Subscription (for NRB)=26th January 2014 to 08 February 2014.
Matin Spinning Mills Ltd (MSML) will be issued 34,100,000 ordinary shares from public and can take 1,261,700,000 taka through Initial Public offering (IPO).
Manufacturing combed and carded yarn from raw cotton ranging from 10/s (pronounced “10 single”) to 55/s count. Major product of Matin Spinning Ltd is Combed, Carded, Synthetic and Slub Yarn.
According to the prospectus, the IPO proceed for pay off Tk.1,230,257,270 will be utilized for Expansion of Existing Plant (Melange Project) and Tk.31,442,730 for IPO Expenses.
As per financial report on 30 June, 2013, EPS =3.97/-; NAV=20.04/- and 35.73 with revaluation reserve. IDLC Investment Limited will act as a Issue Manager of this IPO.
Matin Spinning Mills Ltd IPO Result
Matin Spinning Mills Ltd face value Tk. 10/-, Offer price 37/- per share (with 27/- premium), Market lot 200 shares and Single lot price 7400/-
Total lots=1,70,500 lots in IPO, out of this it will be divided into following categories, RB=1,02,300, NRB=17,050, Mutual Fund=17,050 and Affected Small Investors=34,100 lots.
Subscription (for RB)= 26th January 2014 to 30 January 2014.
Subscription (for NRB)=26th January 2014 to 08 February 2014.
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