Dhaka, Bangladesh (BBN) – Malek Spinning Mills Limited, the country’s leading yarn producer, will make debut on Monday at the stock market.
It will be the 13th textile listed company on the stock exchanges-Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
The company offered 40 million shares for public to raise BDT 1.0 billion from the stock market to expand its business. Its offer value is BDT 25 each share, including a premium of BDT 15.
The initial public offering, generally known as IPO, subscription has fetched a huge sum of BDT 16.31 billion, which is 16.31 times higher than the IPO amount.
BBN/SSR/SI/AD-02Aug10-10:28 am (BST)