Zaheen Spinning Ltd IPO Lottery Result- www.zaheenspinningltd.com. Zaheen Spinning Ltd IPO Result. Zaheen Spinning Ltd IPO Lottery Result has been published on 02 February, Monday. Zaheen Spinning Ltd IPO Lottery Result has been published on Zaheen Spinning Ltd website and DSE website as well. Zaheen Spinning LtdIPO Lottery was held on 2 February, 2015 Monday at Engineers Institute Dhaka at 10.00 am. We published Zaheen Spinning Ltd IPO Lottery Result here. Zaheen Spinning Ltd IPO subscription over subscript about 74 times than IPO size
Zaheen Spinning Ltd IPO Lottery Result Published
Zaheen Spinning Ltd IPO Approved:- Bangladesh Securities and Exchange Commission (BSEC) approved Zaheen Spinning Ltd IPO on October 29, 2014 at a regular meeting of the commission. Zaheen spinning ltd will upload 1.20 crore shares of Tk 10/= each at offer value of Tk 10/= without any premium. Zaheen spinning ltd will raise TK 12 crore through initial public offerings (IPO).
According to the financial statements of Zaheen spinning ltd ended on June 30, 2014, the EPS- Earning Per Share was TK 1.01/- and NAV- Net Asset Value is TK 12.59/-.
According to the prospectus, Zaheen Spinning Ltd will use the IPO fund to purchase machinery for IPO expenses and for other expenses. MTB Capital Limited is the issue manager of Zaheen Spinning Ltd IPO.
About Zaheen Spinning Ltd: Zaheen spinning ltd was established in 2008 at Ghowjara, Araihazar, Narayangonj industrial city in Narayangonj – Bangladesh. It was estabilished by Mr. A. M. Badruzzaman Khashroo and Sons.
Zaheen Spinning Ltd is committed to produce fine quality cotton yarn from different counts, 100%, cotton yarn normal or high bulk. The yarn is used in different end markets such as knitwear, fabrics, socks and weaving. It has an estimated annual production capacity of 720 Tons. The owner of the company had spent a long time in this field as he was since 25 years. Zaheen Spinning Ltd bought a brand new production line from the top line manufacturing suppliers all over the world. It always carries the sense of commitment toward our customers to maintain quality standards and to win their confidence which to us is the prime reason for our success day after day, year after year.
In modern fashion technology, the demand for perfection begins right at the birth of the raw material, permeates through every single process, till the highly discerning customer dons the finished garment, textile. It is this demand for perfection that has spurred the growth of an organization and its corporate philosophy.
Those who can furnish clients with the best quality, competitive price, and excellent customer services and prompt delivery can only survive in the market. Zaheen Spinning Limited takes immense pride in perceiving its role as the comprehensive architect of every single yarn that its produces.
Zaheen is a multi-unit, multi-interest business group with a wide range of industrial activity, an organisation that has founded its evolution on value-based commercial practice.
For more information about Zaheen Spinning Ltd IPO you can visit Zaheen Spinning Ltd website www.zaheenspinningltd.com or DSE website www.dsebd.org. Download Zaheen Spinning Ltd IPO application form and prospectus from below-
Zaheen Spinning Ltd IPO Application Form & Prospectus Download
Zaheen Spinning Ltd IPO Subscription: Zaheen Spinning Ltd IPO subscription will start from December 28, 2014. Zaheen Spinning Ltd IPO subscription period for General Public will from December 28, 2014 to January 04, 2015. Zaheen Spinning Ltd IPO subscription period for NRB will from December 28 to January 13, 2015
Download Zaheen Spinning Ltd IPO Application Form & Prospectus
Zaheen Spinning Ltd IPO at a glance
Subscription: December 28, 2014 to January 04, 2015
Market Lot: 500 shares per share @ Tk 10Total Tk 5000/=
EPS: Tk 1.01 NAV: Tk 12.59
Total Shares: 1.20 Crore
General Public (60%): 14,400 lots
Affected Investors (20%): 4800 lots
NRB (10%): 2400 lots
Mutual Fund (10%): 2400 lots
Total (100%): 24000 lots
Bankers to the Issue of Zaheen Spinning Ltd IPO:
Mutual Trust Bank Ltd, The City Bank Ltd, Shahjalal Islami Bank Ltd, Bank Asia Ltd, Mercantile Bank Ltd, Standard Bank Ltd, South Bangla Agriculture & Commerce Bank Ltd, ICB, National Bank Ltd, Premier Bank Ltd.
Foreign Currency Rate for Zaheen Spinning Ltd IPO:
will be updated soon