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Malek Spinning to list on bourses today
02
Aug '10
Malek Spinning Mills Limited, the country's leading yarn producer, whose Initial Public Offering (IPO) registered the highest IPO over-subscription record in textile sector in Bangladesh, will make its debut today at the stock market.

The Dhaka Stock Exchange (DSE) had recently approved the listing and fixed the listing date of the textile company. Malek Spinning Mill will be the 13th textile company to be listed on the bourses.

Malek Spinning Mills Limited had offered 40 million shares to the public to raise Tk 1.0 billion to expand its business. The IPO had fetched 16.31 times higher than the initial mandated IPO amount.

Fibre2fashion News Desk - India

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