Regent Textile makes debut on bourses tomorrow

FE Online Report

Trading of the shares of Regent Textile Mills Limited (RTML) will commence from tomorrow (Monday) on the bourses under ‘N’ category, officials said. 

DSE trading code for Regent Textile Mills Limited is ‘REGENTTEX’ and DSE company code is 17470. 

The Chittagong-based textile company’s IPO subscription took place between October 14 to October 25, this year. 


Using the fixed price method, the export-oriented textile maker floated 50 million ordinary shares of Tk 10 each at an offer price of Tk 25, with Tk 15 as premium and raised Tk 1.25 billion from the public. The company received around Tk 7.15 billion against public offer of Tk 1.25 billion, meaning oversubscribed by 5.72 times. The IPO fund is being used for BMRE (Balancing, Modernisation, Replacement and Expansion) along with setting up new business project and expenses of IPO proceedings. According to financial statement for the year ended on December 31, 2013, the company’s earnings per share (EPS) and net asset value (NAV) are Tk 2.92 and Tk 33.17 respectively. LankaBangla Investment is the issue manager for Regent Textile’s IPO. Bangladesh Securities and Exchange Commission (BSEC) approved the IPO proposal of the company on August 24 this year.

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