VFS Thread makes trade debut today

FE Report | Published: September 09, 2018 09:57:31 | Updated: September 13, 2018 12:01:44


VFS Thread Dyeing makes its share trading debut today (Sunday) on both the bourses under 'N' category.

DSE trading code for the company is "VFSTDL" and DSE company code is 17478, according to an official disclosure.

VFS Thread Dyeing, which received initial public offering (IPO) approval from the Bangladesh Securities and Exchange Commission (BSEC) on April 03, raised a fund worth Tk 220 million from the capital market.

The company raised the amount by floating 22 million ordinary shares at an offer price of Tk 10 each under the fixed price method.

The company's public subscription was held on June 24 to July 02 last.

The company will utilise the IPO fund to purchase plant and machinery, repay bank loans and bear the IPO expenses.

The company also published its un-audited quarterly financial statements on Thursday last.

As per the un-audited financial statement in nine months for the period of July 2017-March, 2018, the company's net profit after tax was Tk 94.05 million, pre-IPO EPS was Tk 1.50 and post-IPO EPS was Tk 1.11.

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