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 divisons, 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 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 shairts, tank tops, fleece garments and 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: [email protected]
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 to 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 be start from 18 May 2014 to 22 May 2014 and NRB till 31 May 2014
IPO Form Download Hear:
Tung Hai Knitting And Dyeing Ltd. “PROSPECTUS“
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