The Dhaka Stock Exchange board has approved the listing of Mozaffar Hossain Spinning Mills which has recently raised fund worth Tk 27.50 crore through initial public offering.
The DSE board made the approval in a meeting held at a hotel in the city on Tuesday.
The Bangladesh Securities and Exchange Commission on September 2013 approved the company to float its shares through the IPO.
Mozaffar Hossain Spinning Mills floated 2.75-crore shares through the IPO at an offer price of Tk 10 per share.
The company will use the IPO fund to repay its term loan and meet up the IPO expenses.
According to the audited financial accounts of the company ended on June 30, 2012, the net asset value per share of the company is Tk 19.56 while earning per share is Tk 2.78.
-With New Age input
