Tung Hai Knitting & Dyeing Limited: Company Info & IPO Result

The Bangladesh Securities Exchange Commission completed their 510th regular commission meeting on Tuesday -18 February 2014.

The BSEC made the approval IPO of Tung Hai Knitting and Dyeing  Ltd., the prospectus of ICB AMCl converted first unit fund that an open-ended fund and initial size is 50 crore converting a close-ended fund, ICB AMCL First Mutual Fund.

Tung Hai Knitting and Dyeing IPO Information, Application Form and Result are as Under:

Company Name: Tung Hai Knitting and Dyeing is a sister concern of Tung Hai Group. Its a leading manufacturer and exporter of knitted sweater and jerseys. Annual turnover of this group $50 million. Tung Hai Group is composed of three major divisions, Tung hai Sweaters Ltd., established in 1997. Producing knitted sweaters, production area approximately 335,000 sq feet, located Dhaka. Tung Hai Knitting & Dyeing Ltd., established in 2005  with the aim of perpetuating group’s dyed yarn, also supports yarn winding and knitting operation of the group, production area 35,000sq feet, located Zirani, Shibrampur, Gazipur and Last is Tung Hai Knit Fashion Ltd., established in 2011. Producing T-shirts, Polo shirts, tank tops, fleece garments and a wide range of other fashionable knit garments for men, women, and children. Its located in Baniarchala, Memberbari, Bhabanipur.   

Office Address: 30/2 Darus Salam Road, Industrial Plot#2C/1-B, Section #1, Mirpur, Bangladesh.
Factory Address: Shibrampur, BKSP, Jaydebpur, Gazipur, Dhaka
Email Address: info@tunghai-bd.com
Web Address: www.tunghaigroup-bd.com

Company  EPS & NAV per Share: Tk. 1.15  and Tk. 13.73  respectively as on yearly report 31 December 2012

Issue Manager: AFC Capital Ltd. and Imperial Capital is also working as the Co-Issue manager of the issue

Why Public Offering: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 18 February 2014. The Company’s IPO Proceeds will meet Working Capital, Purchase of Machinery, Pay the Bank Term Loan and IPO Expenses.

Nos of Share Offer: 35,000,000.-
Value of IPO Tk. 350,000,000.-
Face Value: Tk. 10.-
Premium Value: Nil
Share Lot: 500

Subscription Date: The Company’s subscription will start from 18 May 2014 to 22 May 2014 and NRB till 31 May 2014

IPO Form Download Hear:

Resident Bangladesh (RB) Form

Affected Form

NRB Form

Bank List

Tung Hai Knitting And Dyeing Ltd. “PROSPECTUS

Lottery Result Download Here:

 Bank/Branch Code

General Public

Non-Residence Bangladeshi

Affected Small Investors

Mutual Fund


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