Queen South Textile Mills Ltd IPO Result 2018 publish info. IPO Result 2018. Queen South Textile Mills IPO Result 2018 will be available here. The Queen South Textile Mills Ltd IPO application begun from January 7. The subscription ended on 15 January 2018. BSEC approved Queen South Textile Mills Limited IPO on 14th November 2017. Those who applied for Queen South Textile Mills Ltd IPO are now waiting for Queen South Textile Mills Ltd IPO Result. There is no need to worry about the IPO result. The Queen South Textile Mills Ltd IPO Result may be published at the end of February, 2018. The Queen South Textile Mills Ltd will iissue 1.50 crore ordinary shares worth TK 10 each. BSEC approved Queen South Textile Mills Limited IPO at their 615 no. Board Meeting. The meeting was Presided by BSEC Chairman Prof. Dr. M Khairul Hossain.
Queen South Textile Mills Ltd IPO Result 2018
- 1 Queen South Textile Mills IPO Lottery Result
Queen South Textile Mills Ltd IPO Result. The initial public offering subscription of Queen South Textile Mills Limited is complete. The IPO subscription was open for resident and non-resident Bangladeshis. The company is permitted to raise a fund worth Tk 150 million from public. It is result time. We always try to upload the IPO results in our website. Alpha Capital Management is the issue manager of the company’s IPO. The company will use the IPO fund for constructing automated warehouse, buying machinery, modernizing the factory and repayment of bank loans and bearing the IPO expenses.
Queen South Textile Mills IPO Lottery Result
The subscribers will look for Queen South Textile Mills Ltd IPO Lottery Result in 05 categories. We will let you know the ipo result as per the titles. The result will be available on Stock Broker/ Merchant Bank Code, General Public/Resident Bangladeshi, Non-Resident Bangladeshi(NRB), Affected Small Investors and Eligible Investor.
Download Queen South Textile Mills Ltd IPO Result
Stock Broker/ Merchant Bank Code
General Public/Resident Bangladesh
Affected Small Investors
Queen South Textile Mills Limited
Queen South Textile Mills Limited business name: 100% export oriented textile manufacturing Company engaged in dying of yarn for consumption by sweater industry through local LC (Deemed Export).It sets up business establishment in the export – processing zone, Dhaka.
Major Products: The company is engaged in the business of yarn dyeing. Hence, dyed yarn is the only product contributes 100% on the total revenue.
Security Trading Code: QUEENSOUTH
BSEC’s Consent for IPO: December 10, 2017
Issue Date of Prospectus: December 10, 2017
Subscription Open: January 07, 2018
Subscription Close (Cut-off Date): January 15, 2018
Authorized Capital: Tk. 2,000,000,000
Pre-IPO paid-up Capital: Tk. 851,500,000
IPO size in shares: 15,000,000
IPO size in Tk. at face value: Tk. 150,000,000
IPO size in Tk. at offer price: Tk. 150,000,000
Post IPO Paid-up Capital: Tk. 1,001,500,000
Face Value per share: Tk. 10.00
Offer Price per share: Tk. 10.00
Market Lot (Shares): 500
Foreign Currency required for NRB and USD 60.83 or GBP 45.51 or EUR 51.90
Foreign Applicants (per lot)
Use of IPO Proceed:
Construction of Automatic warehouse: 74,644,050 (49.77%)
System Acquisition and installation: 56,012,034 (37.34%)
Machinery for modernization of existing factory Partial repayment of loan: 6,343,916 (04.22%)
IPO expenses: 13,000,000 (08.67%)
Total: 150,000,000 (100.00%)
NAV per share: Tk. 17.18 as on June 30, 2017
Earnings per Share (Basic): Tk. 1.85 for the period ended on June 30, 2017
Issue Manager: Alpha Capital Management Limited Mahfel Huq & Co.
Queen South Textile Mills Ltd is a textile company. It is 100% export oriented yarn dyeing manufacturing company. The company is located in Dhaka Export Processing Zone, Savar besides capital of Bangladesh. Queen South Textile Mills was incorporated on 15th June 2003 as a private limited Company. It later subsequently converted into a public limited company on 25th January 2016. The company started commercial operation on 1st June 2005. Queen South Textile Mills IPO is approved by BSEC. The Queen South Textile Mills IPO Prospectus contains all info of IPO.