Ring Shine Textiles’ IPO subscription begins Aug 25

Subscription of the initial public offering of Ring Shine Textiles will start on August 25 and it will continue till September 9, according to the company. 

The textile company got a go-ahead to raise Tk 150 crore from the stock investors by offloading 15 crore shares. 

The IPO proceeds will be used for procurement and installation of machinery for the existing factory unit, partial repayment of bank loans of the company and to meet the IPO expenses.