Tung Hai Knitting and Dyeing Ltd IPO Result Published

 

The Securities regulator Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, 18th February  approved  an IPO of Tung Hai Knitting and Dyeing Ltd to go for public worth Tk 35 crore  to float 3.50 crore shares at face value at Tk 10.The decision was taken at a regular meeting of the commission chaired by its chairman Mr. Khairul Hossain.
The Tung Hai IPO company will use the IPO fund to meet up its current capital requirement, purchasing machinery, repaying term loan and expenses of the IPO.
As per the company’s financial statements ended on December 31, 2012, the earning per share (EPS) was 1.15/- with net asset value (NAV) of 13.73/- per share.
AFC Capital Limited will acts as the issue manger of the company, and Imperial Capital is working as the co-issue manager of the issue.
At present, 32 textile companies are listed on the Dhaka Stock Exchange, which is about 5% only of the total market capitalisation.



    IPO Result Download
Bank Code
General 
NRB
Affected
IPO Form Download





About the Company:
Tung Hai Knitting and Dyeing is a subsidiary of Tung Hai Group, a leading manufacturer and exporter of knitted sweaters and jerseys, according to the group’s website. The group’s annual turnover is over $50 million.Tung Hai Group is composed of three major divisions: Tung Hai Sweaters Ltd., established in 1997, produces knitted sweaters in a production area of approximately 335,000 sq feet and is home to our head office in the capital city Dhaka; Tung Hai Knitting & Dyeing Ltd., established in 2005 with the aim of perpetuating our supply of dyed yarn, also supports our yarn winding and knitting operations in a production area of 35,000 sq ft., and is located in Zirani, Shibrampur, Gazipur; while Tung Hai Knit Fashion Ltd., which crossed the threshold of commercial production in 2011 and operates 16 jersey manufacturing lines, was created to extend services to our existing valued customers by supplying them with T-shirts, polo shirts, tank tops, fleece garments and a wide range of other fashionable knit garments for men, women and children. It is located in Baniarchala, Memberbari, Bhabanipur. All three establishments contribute to our garment range which is exported 100% globally!

Company Address:

M/S. Tung Hai Knitting & Dyeing Ltd.

30/2, Darus Salam Road, Inds. Plot # 2C/1-B, Section # 1 Mirpur, Dhaka.
 Tel Phone No.: 02-9010398
Fax No.: 02-9006501
Email: info@tunghai-bd.com
Website: www.tunghaigroup.com
tung hai knitting and dyeing ltd Factory Location:
Shibrampur, BKSP, Joydebpur, Gazipur, Dhaka.

Free IPO Results

Free IPO Results