FE Report
Hamid Fabrics Limited (HFL) will make debut on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Thursday) under 'N' category, officials said.
DSE trading code for Hamid Fabrics is "HFL" and DSE company code is 17464 while the CSE scrip code is "HFL" and scrip ID is 12052. A market lost is 200 shares.
Hamid fabrics is the 37th listed company in the textile sector in the DSE that accounts for around 5 per cent of the total market capitalisation.
The textile company got the listing approval from the DSE on November 24 and it got listing approval from CSE on November 20.
Hamid Fabrics was the first in offering issue under the new IPO method through the stockbrokers and merchant banks which aimed to cut down the processing time to three weeks from more than five weeks.
As many as 174 stockbrokers from the DSE and 73 from the CSE along with 37 merchant banks participated in the Hamid fabric's IPO processes.
The public subscription of the company was held on September 28 to October 2 for resident Bangladeshi while it was continued till October 11 for non-resident Bangladeshi.
Using the fixed price method, the textile maker floated 30 million ordinary shares of Tk 10 each at an offer price of Tk 35, including Tk 25 as premium and raised a fund worth Tk 1.05 billion from public. The textile company's IPO subscription was oversubscribed around nine times.
The company reported its first quarter profit after tax Tk 61.55 million and basic EPS Tk 1.26 for the period ended on 30 September (July'14-Sept'14) as against Tk 63.86 million and basic EPS of Tk 1.31 for the same period of the previous year.
However, the post IPO basic EPS stood at Tk 0.78 for the first quarter and NAV per share at Tk 43.08 as on 30 September 2014.
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