Trading of the shares of Matin Spinning Mills Ltd will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from today (Tuesday) under 'N' category, officials said.
DSE trading code for Matin Spinning Mills is "MATINSPINN" and DSE company code is 17460 while the CSE scrip Id is 12048, scrip code is 'MATINSPINN'. The market lot is 200 shares.
The lottery of the IPO was held on February 27.
Under the fixed price method, the Matin Spinning Mills floated 34.1 million ordinary shares of Tk 37, including a premium of Tk 27 for each ten taka share and raised an amount of Tk 1.26 billion.
The IPO proceeds will be used to expand the company's existing projects along with meeting up the cost of IPO processed.
As per the financial statement for the year ended on June 30, 2013 the company's earning per share (EPS) and net asset value (NAV) are Tk 3.43 and Tk 35.73 respectively.
IDLC Investment was the issue manager of the Matin Spinning Mill's IPO.
The securities regulator --- the Bangladesh Securities and Exchange Commission (BSEC) --- approved the IPO proposal of the Matin Spinning Mills on December 10, 2013.
Matin Spinning trading begins today
FE Report | Published: April 08, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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