Evince Textiles IPO Lottery On June 2. The first sale of stock (IPO) lottery of Evince Textiles Limited (ETL) will be hung on June 2 by distribute 17 million common shares among the effective candidates, authorities said.
The lottery system will be held at 10:00am at the Raowa Club Community Center, Mohakhali in Dhaka.
After the lottery progmme, IPO result will be distributed on the sites of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and the organization.
People in general membership of the piece of clothing producer was held between May 01 and May 22.
The Bangladesh Securities and Exchange Commission (BSEC) affirmed the IPO proposition of the organization on April 04, which raised an asset worth BDT 170 million under altered value strategy.
The administrative endorsement to the IPO proposition of Evince Textiles is the principal endorsement after the alteration of Public Issue Rules 2015.
As indicated by the BSEC endorsement, Evince Textiles offload 17 million standard shares at an offer cost of BDT 10 each.
The organization’s income per offer (EPS) remained at BDT 1.62 and net resource esteem (NAV) at BDT 17.62, as per its examined report as on December 31, 2015.
The organization will use the asset for boosting working capital and common development and modernizing the apparatuses alongside bearing the IPO costs.
LankaBangla Investments is gone about as the issue supervisor of the organization.
As of now, 44 organizations are recorded in the material segment, which represents around 4.0 for every penny of Dhaka Stock Exchange’s aggregate business sector capitalisation.
Set up in 2003, Evince Textiles as of now delivers over a million yards of cotton shirting fabrics a month, as indicated by the organization’s site.