Trading of KDS Accessories Limited, which has already raised Tk 24 crore through initial public offering, will commence in the Dhaka and Chittagong stock exchanges today. The Bangladesh Securities and Exchange Commission on May 27 approved the IPO of KDS. The Chittagong-based manufacturer of garment trims and packaging products floated 1.2 crore shares of the entity at a price of Tk 20 for each share including Tk 10 as premium. The company’s earnings per share were Tk 2.29 and net asset value was Tk 19.63 per share as per the last audited financial statement of the year 2013. Profit of KDS Accessories stands at Tk 3.03 crore with earnings per share at Tk 0.76 for April-June period of this year compared with that of Tk 2.26 crore and Tk 0.57 respectively for the same period of the previous year, according to a DSE web post on Wednesday.
