Consent of IPO

08 Jul 2015

KDS Accessories Ltd. has received consent for raising of capital through Initital Public Offering (IPO) vide letter no. SEC/CI/IPO-217/2013/315 dated July 8, 2015. The company will raised a fund worth taka 240 million under fixed price method through 12 million of ordinary shares at an offer price of taka 20 (including a premium of taka 10 each) against taka 10 per share value. Taka 150 million of this raised fund will be utilized for the expansion of the project balance taka 70 million will be utilized for repayment of bank loan and remaining taka 20 million will be utilized for IPO expenses.

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