Bangladesh-based woven fabrics and home furnishing manufacturer Regent Textile Mill has received a go-ahead from Bangladesh Securities and Exchange Commission to raise US $ 16.18 million from IPO. The textile company will be floating five crore ordinary shares of US $ 0.13 (BDT 10) each, in addition to US $ 0.19 (BDT 15) as premium per share. The funds generated will be used for balancing, modernisation, rehabilitation and expansion of its current setup. The expansion plans also include setting up a new apparel manufacturing unit.
