Argon Denims Ltd was united as a Private Limited Company on July 13, 2006 under the Companies Act 1994 to produce Denim Fabrics. The profitable operations of the business started in March, 2008. The plant is situated at Sreepur in Gazipur district of Bangladesh.
The Corporation mainly credownlates medium and premium range denim cloths in various masses ranging from 4.5 Oz to 13 Oz. The yearly production capacity will reach a mark of 18 million yards by December 2012.
Argon Denims ipo lottery draw will be held on
Thursday, 30th December 2012, at 10.00am.
Initial Public offering was 26 November to 02 November 2012.
Argon IPO over subscribed 1.6 times.
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Recent Announcement of Argon Denims Limited IPO Lottery Result was:
Argon Denims Limited IPO Lottery Result Download
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The Securities and Exchange Commission (SEC) has approved IPO to raise Tk 105 crore. Argon Denims Ltd’ will float 3, 00, 00,000 ordinary shares of Tk 10 each at an offer price of Tk 35, including a premium of Tk 25.
The company’s earnings per share (EPS) were Tk 5.46 as per the 2011 Financial Statements.
Nature of Business of Argon Denims Limited:
100% Export oriented manufacturing, dyeing & finishing units of denims fabrics.
Major Product: The company has been set up to produce 100% Cotton Denim fabrics for export.
Subscription Open September 09, 2012
Subscription Close September 13, 2012
Subscription period for NRB September 09, 2012 to September 22, 2012
Authorized Capital Tk. 1,000,000,000.00
Pre- IPO paid-up Capital Tk. 300,000,000.00
IPO size in shares 30,000,000
IPO size in Tk. (including premium of Tk. 1,020,000,000.00) Tk. 1,320,000,000.00
IPO size in Tk. (at face value) Tk. 300,000,000.00
Post IPO Paid-up Capital Tk. 600,000,000.00
Face Value per share Tk. 10.00
Offer Price per share Tk. 44.00 (including a Premium of Tk. 34.00 per share).
Market Lot (Shares) 200
Full Prospectus of Argon Denims Limited IPO Lottery
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