IPO approved for Olympic Accessories Limited

BSEC Commission approved IPO of Olympic Accessories Limited. in the 539th Commission Meeting. Furthermore, the Company will raise capital BDT 20,000,000.00/- issuing 20,000,000 shares with an issue price of tk. 10 each through IPO.
The Company will use the fund for the expense of New Factory Building and Capital Machineries Purchase and IPO. As per financial report year ending 30th June 2014, it’s EPS tk. 1.43 and NAV Tk. 16.34. PLFS and CAPM Advisory Limited is the Issue Manager of the Company.
The information was explained in a press release by Mr. Md. Saifur Rahman, Executive Director, BSEC.