MP Spinning to float 3.0m shares, signs deal with BRAC EPL

BRAC EPL Investments Limited has recently signed an agreement with MP Spinning Mills Limited for providing Issue Management & Corporate Advisory service for the forthcoming IPO of the Company. MP Spinning Mills Limited is a yarn manufacturing company operating in the country since 2008. The company is planning to issue 3.0 million ordinary shares of Tk. 10 each through IPO under Fixed Price Method. Mr. Khaled Y. Farazi, Managing Director & CEO of BRAC EPL Investments Limited and Mr. Ratan Kumar Datta, Managing Director of MP Spinning Mills Limited signed the agreement on behalf of their respective companies. Mr. Mohammad Jahangir Alam, Head of Investment Banking and other members of the Investment Banking team of BRAC EPL Investments Limited were also present on the occasion. - FE Report