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| Upcoming IPO Of Evince Textiles Ltd |
Under the fixed-price IPO method are listed textile Evince. Rule public issue, according to the first 2015 was approved by the company.
Bangladesh Securities and Exchange Commission (SEC), the textile sector has already allowed the company to raise capital from Rs 17 crore. The next two will start from May 1 to submit the application form and the money until May.
The new law has been set at 50 per cent quota for institutional investors. Mutual Fund and 10 percent to 40 percent in the rest of the banking, insurance, merchant banks, financial institutions, stock dealers, asset management companies, alternative investment fund managers, foreign investors and recognized pension and provident funds.
There is a quota of 10 per cent to 50 per cent of non-resident Bangladeshi investors. In addition, investors and other affected investors together for the rest of the 40 per cent quota.
In fact, at the beginning of April, the SEC approved IPO Evince Textiles Ltd. As well as at the face value of BDT. 10 million to 70 million shares will be issued. And will collect 17 crore from the market.
Evince Textiles Ltd. IPO market lot of 500 shares. An investor will be required for each lot 5 per thousand.
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