Dhaka, Bangladesh (BBN)-Trading of the shares of Hwa Well Textiles (BD) Limited will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from Wednesday under ‘N’ category, officials said.
DSE Trading Code for Hwa Well Textiles (BD) Limited is ‘HWAWELLTEX’ while its DSE Company Code is 17461.
On the other hand, its market lot is 500 shares.
The company’s initial public offering (IPO) subscription was held from February 17 to February 23, for resident Bangladeshis while it was continued till March 4 for Non-resident Bangladeshis.
The company’s IPO lottery was held on March 23.
It received around 44 time higher IPO subscription against demand offer.
Using the fixed price method, the textiles company floated 20 million ordinary shares of BDT 10 each and raised a fund worth BDT 200 million from the public.
The company’s earnings per share (EPS) as of June 2013 stood at BDT 3.66 with a net asset value (NAV) per share of BDT 28.25.
BBN/BB/AD-11May14-6:00pm (BST)
