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★ Soft-exported IPO company VFS Thread Dying

Subscription Open: Not published

Subscription Close: Not published

VFS Thread Dying Limited has received approval to raise 22 crore through initial public offering (IPO). The company will issue 22 million taka by issuing 2.2 million shares in the face value of Tk 10 each.

Name and measure of different types of yarn

According to the information available from the company's website, a VFS Thread Dying Limited, one of the 100 percent export-oriented companies from Bangladesh. It is one of the leading manufacturers of high quality sewing products in Bangladesh's garment industry.

At the same time produces a very fine quality yarn. In Gazipur headquarter, the company produces polyester, core spoon, synthetic products at its own factory. The company's authorities have more work on the product quality control, technical support, product research and development in the factory.

If you want to know more about the production and approval of the project, then the CFO of VFS Thread Dying Limited Russell said our company is 100 percent exportable. One of the best companies in the country Hopefully the company's prospectus will be approved very quickly. Because we have finished all of the procepcuts.

He further said that after approval of the project, IPO subscription will be done. Hopefully, everything will be very fast.

With the Tk 22 crore raised from the capital market, the company will buy new plants and machineries and spend in the IPO sector. At the same time, the revenue generated by the regulator was published in the notification issued to increase the production and business.

The asset value (NAV) of the company's shares is 19.90 taka in the accounting year ended on June 30, The company's EPS has been Tk 2.02.

Citizen Securities Limited and First Securities Capital and Investment Limited are responsible for issuing the company's issue.

Source: Daily Stock Bangladesh