Queen South Textile Mills Limited IPO Result 2018

Queen South Textile Mills

Queen South Textile Mills Limited IPO Result 2018. Check Queen South  Textile Mills IPO Draw Result From Our Website. The IPO Application Started From 7th January 2018. Application Form Will Continue Till 15th January 2018. IPO lottery of Queen South Textile Mills Limited will be held on Thursday next (February 1) to allocate 15 million ordinary shares among the successful applicants. Using the fixed price method, the Queen South Textile, floated 15 million ordinary shares of Tk 10 each and raised Tk 150 million from the public.

Queen South Textile Mills IPO Result

As per the entity’s audited financial statement for the year ended on December 31, 2016, the company’s net asset value per share and weighted average earnings per share were Tk 16.20 and Tk 1.42 respectively.

Queen South Textile Mills Limited is a 100% export oriented textile manufacturing Company engaged in dying of yarn for consumption by sweater industry through local LC (Deemed Export). The Queen South Textile Mills Ltd. set up business establishment in the export-processing zone, Dhaka.

Queen South Textile Mills IPO Subscroption

  • Subscription open: 7th January 2018
  • Subscription close: 15th January 2018

Ended of the year on 31st December 2016 As per company’s financial statement, Queen South Textile Mills Ltd. stands Net Assets Value (NAV) per shares is TK 16.20 and Weighted Average Earning Per Shares (EPS) is TK 1.42.

  • Of Share Offer: 1,50,00,000
  • Value Of IPO: TK 15,00,00,000
  • Face Value: TK 10
  • Premium Value: Nil
  • Market Lot: 500
  • Minimum Lot Value: Tk.5000

Queen South Textile Mills Limited IPO Result 2018

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non-Residence Bangladeshi (NRB)

Queen South Textile Mills Ltd is set up by well experienced investor in the textile dyeing industry. Our main target is to serve the sweater industry, knitting industry and the weaving industry where they all consume a lot of colour yarns and need a fast response lead- time. We prepare our lab-dips within three days, making sample yarn for our buyer within one week and bulk delivery in two three weeks time in general situation. Our factory located in DEPZ, Savar where we can make delivery to most of our buyers factory in one and half hours, we establish our office in Baridhara DOHS where we can reach our buyers office within 45 mins.

Queen South Textile Mills Ltd is set up by well experienced investor in the textile dyeing industry. Our main target is to serve the sweater industry, knitting industry and the weaving industry where they all consume a lot of colour yarns and need a fast response lead- time. We prepare our lab-dips within three days, making sample yarn for our buyer within one week and bulk delivery in two three weeks time in general situation.

Queen South Textile Mills Ltd joined the Dhaka EPZ Central ETP from 01 December 2014 efficiently handling the wastewater in compliance with the regulations of the Environmental Protection Bureau of Bangladesh. We have also installed effective ventilating systems for air filtration of the plant.