Queen South Textile to make debut Mar 13

FE Report

Queen South Textile Mills is set to make its share trading debut on March 13 (Tuesday) at the both bourses under "N" category, officials said.

Queen South Textile Mills will be the 50th listed company under the textile sector which accounts for 3.20 per cent of the Dhaka bourse's total market capitalisation. Currently, a total of 49 companies are listed on the Dhaka Stock Exchange (DSE) under the textile category.

Queen South Textile, which received regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) on November 14 last year, raised a capital worth Tk 150 million by floating 15 million ordinary shares of Tk 10 each under the fixed-price method.

The IPO subscription was open to resident and non-resident Bangladeshis during the period from January 7 to January 15, 2018.

The IPO was oversubscribed more than 37 times as the company received about Tk 5.55 billion against the public offering of shares worth Tk 150 million.

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