The initial public offering (IPO) subscription of two companies -- Shurwid Industries Ltd and Far East Knitting and Dyeing Industry (FEKDI) -- will begin this month, officials said.
The public subscription of Shurwid Industries will begin on June 8 and remain open till June 12 for resident Bangladeshi and it will continue June 21 for non-resident Bangladeshi (NRB).
Earlier on April 1, this year, the Bangladesh Securities and Exchange Commission (BSEC) approved the IPO proposal of Shurwid Industries to raise a fund worth Tk 140 million from public.
Under the fixed price method, the Shurwid Industries will float 14 million ordinary shares at an offer price of Tk 10 each to raise the said amount.
As per the financial statement for the year ended on June 30, 2013, the earnings per share (EPS) and net asset value (NAV) of Shurwid Industries are of Tk 1.09 and Tk 14.11 respectively.'
ICB Capital Management is acting as the issue manager of the Shurwid Industries' IPO.
Meanwhile, public subscription of Far East Knitting and Dyeing Industry will begin on June 15 and remain open till June 19 for resident Bangladeshi and it will continue June 28 for non-resident Bangladeshi (NRB).
The Far East Knitting and Dyeing Industry will offload 25 million ordinary shares at an offer price of Tk 27, including a premium of Tk 17 for each ten taka share.
Two IPOs\\\' subscriptions begin this month
FE Report | Published: June 03, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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