Share trading of Argon Denims starts Monday

Dhaka, Bangladesh (BBN): Trading of the shares of Argon Denims Limited has started today (Tuesday) at Dhaka Stock Exchange and Chittagong Stock Exchange under ‘N’ category.

Argon Denims submitted its IPO proposal to the Securities and Exchange Commission in March, 2012 and the regulator approved it in May with an offer price of Tk 44 per share.

Later in October, 2012, the SEC approved the IPO with an offer price of Tk 35 per share, after the company submitted a revised IPO plan in June same year.

The company issued 30 million ordinary shares of BDT 10 each at an offer price of BDT 35, including BDT 25 as premium.
As per the latest financial statements of Argon Denims, its earnings-per share was Tk 5.46 and net asset value per share was Tk 20.71.

BBN/BB/AD/19Feb-13-11am (BST).

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