C&A Textiles to make trading debut today

C&A Textiles is set to make its share trading debut on the Dhaka and Chittagong stock exchanges today.
The company, which raised Tk 45 crore through the initial public offering, will be the 38th firm to trade in Dhaka Stock Exchange's textile category, which accounts for around 5 percent of the total market capitalisation.
The export-oriented knit composite textile company will float 4.5 crore ordinary shares of Tk 10 each to raise funds for machinery purchase, building construction and repayment of bank loans.
AFC Capital and Imperial Capital managed the initial public offering, which was approved by Bangladesh Securities and Exchange Commission in September last year.
As of December 2013, earnings per share of C&A Textiles stood at Tk 1.78 and net asset value without revaluation surplus per share Tk 18.38.
The Chittagong-based company carries out knitting, dyeing and printing business and manufactures T-shirts, polo shirts, tank tops, shorts, sweat shirts, boxer shorts, skirts, leggings and fleece jackets.
Its products are shipped to the US, Canada, Brazil, the UK, Italy and Germany, according to the company's website.