FE Report
Share trading of Zaheen Spinning Ltd (ZSL) will commence on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Wednesday) under 'N' category, officials said.
DSE trading code for Zaheen Spinning is 'ZAHEENSPIN' and DSE company code is 17467 while CSE scrip id is 12055 and scrip code is 'ZAHEENSPIN'.
Zaheen Spinning, the Narayangonj based cotton yarn manufacturer, however, obtained listing approval from DSE and CSE on February 19.
Using the fixed price method, the yarn manufacturer floated 12 million ordinary shares of Tk 10 each and raised a fund worth Tk 120 million from the public.
IPO subscription of the company took place December 28, 2014 to January 5, 2015 for resident Bangladeshi and it was continued till January 13 for non-resident Bangladeshi (NRB).
The company's IPO oversubscribed around 74 times as the company received around Tk 8.87 billion against public offer of Tk 120 million.
The securities regulator - Bangladesh Securities & Exchange Commission (BSEC) approved the IPO proposal of Zaheen Spinning on October 29, last year.
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