Simtex Industries, a textile sector company, is set to make trading debut today (Monday) on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) under 'N' category, officials said.
DSE trading code for Simtex Industries is 'SIMTEX' and DSE company code is 17,469 while the CSE scrip code is 'SIMTEX' and CSE scrip id is 12,057, according to separate web posting on DSE and CSE Tuesday.
Simtex Industries is the 42nd listed firm in the textile sector on the DSE that accounts for 3.2 per cent of the total market capitalization.
Using the fixed price method, company floated 30 million ordinary shares at an offer price of Tk 20, including a premium of Tk 10 for each ten taka share. A market lot is 300.Simtex makes trading debut today
The initial public offering (IPO) subscription of Simtex was held on September 6 to September 14 and raised Tk 600 million from the public.
The textile sector company received around Tk 9.91 billion against public issue of Tk 600 million, which was over subscribed by around 16.51 times.
The company offered 60 per cent shares for general public, 20 per cent for affected small investors, 10 per cent for NRBs and 10 per cent for mutual funds.
The IPO fund is being used for repayment of bank loans, capital investments, and working capital and bear the cost of IPO proceedings.
As per the audited financial statement for the year ended on June 30, 2014, the company's earning per share (EPS) is Tk 3.33 and net asset value (NAV) Tk 19.60.
AFC Capital Ltd and Imperial Capital Ltd are acted as issue managers of Simtex Industries' IPO.
The securities regulator approved the IPO proposal of Simtex on June 9, this year to raise a fund worth Tk 600 million from the public.
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