Trading of shares of Hamid Fabrics Limited begins at the Dhaka and Chittagong stock exchanges today after completion of initial public offering process.
The trading and company codes of the company will be ‘HFL’ and 17464 at the Dhaka bourse, said the DSE in a web post published on Wednesday. The Bangladesh Securities and Exchange Commission in August this year approved the IPO of Hamid Fabrics to raise Tk 105 crore from the capital market.
As per the BSEC approval, the company has already floated three crore shares at the price of Tk 35 each with a premium of Tk 25 through the IPO process.
According to the audited financial account of the company for 2013, the earning per share was Tk 2.97 and net asset value was Tk 41.41.
As per the first quarterly report, profit after tax of Hamid Fabrics during the July-September period declined to Tk 6.15 crore compared with that of Tk 6.38 crore in the same period of the previous year.
Considering pre-IPO number of shares of Hamid Fabrics, the EPS of the company stood at Tk 1.26 for the quarter against its EPS of Tk 1.31 for the same period of the previous year.
Considering the post-IPO number of shares, the EPS of the company would be Tk 0.78 for the period ended on September 30.
-With New Age input
