RN Spinning makes debut today
Tuesday, 9 February 2010
FE Report
The RN Spinning Mills Limited, acrylic and synthetic yarn manufacturer, will make debut today (Tuesday) on the stock market.
The company offered 3.0 million shares for public with the face value Tk 100 each to raise Tk 300 million from the stock market.
It will be the 12th listed textile company on the stock exchanges-Dhaka Stock Exchange and Chittagong Stock Exchange.
The raised fund from initial public offering will be used for loan repayment and expansion of its operation.
The pre-IPO paid-up capital of the company is Tk 673.01 million. As of December 31, 2008, the company's earning per share (EPS) is Tk 19.37 and net asset value (NAV) Tk 114.0.
The RN Spinning Mills Limited, acrylic and synthetic yarn manufacturer, will make debut today (Tuesday) on the stock market.
The company offered 3.0 million shares for public with the face value Tk 100 each to raise Tk 300 million from the stock market.
It will be the 12th listed textile company on the stock exchanges-Dhaka Stock Exchange and Chittagong Stock Exchange.
The raised fund from initial public offering will be used for loan repayment and expansion of its operation.
The pre-IPO paid-up capital of the company is Tk 673.01 million. As of December 31, 2008, the company's earning per share (EPS) is Tk 19.37 and net asset value (NAV) Tk 114.0.