UPDATE: As per final prospectus, Aman Cotton Fibrous Ltd. subscription start from 03 June’18 to 11 June’18 (Including NRB).
The Bangladesh Securities Exchange Commission (BSEC) approved IPO Aman Cotton Fibrous Limited on Tuesday, 13 February 2018 at their 629 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 80 crore by offloading around 2.08 crore shares at a price of Tk. 36 to Tk. 40 each share. The commission on July 24, 2017, last year allowed Aman Cotton to conduct eligible institutional investors bidding under the book building method of public issue rules.
The commission, under new public issue rules, decided to offer ACFL’s IPO shares to general and non-resident Bangladeshi investors at 10 percent discount of cut-off price which was set by the bidding of the institutional investors.
As per the bidding of EIIs, the cut-off price of the company’s shares stands at Tk 40 which will be allotted to general investors along with NRB investors at Tk 36 each. Under the amended public issue rules, of the 2.08 crore IPO shares of ACFL, 1.25 crore will be allocated to EIIs, 0.83 crore shares will be offered to the General and NRB investors.
Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Aman Cotton Fibrous Limited (ACFL)
Incorporation: The company was incorporated in 2005 as a private limited Company and was subsequently converted into a public limited company on 22 April 2012.
Commercial Operation: ACFL was started commercial operation on 1 November 2007.
Authorized Capital: Tk. 2,000,000,000 divided into 200,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 800,000,000 divided into 80,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 1,008,333,340 divided into 100,833,334 ordinary shares of Tk. 10.00 each
Management Body: 1) Mr. Md. Shofiqul Islam, Chairman
2) Mr. Md. Rafiqul Islam, Managing Director
3) Mr. Md. Toufiqul Islam, Director
4) Mr. Md. Toriqul Islam, Director
5) Mr. Md. Rabiul Haque, Nominated Director
6) Mr. A.K.M Akhtaruzzaman, Independent Director
7) Mr. Md. Mizanur Rahman, Independent Director
NATURE OF BUSINESS:
ABOUT THE COMPANY:
VISION, MISSION & GOAL:
VISION: “To be recognized by the customers as the market leader for quality ring spun yarn production and superior service to the customers.”
MISSION: “To deliver promised quality and endeavor towards better research, innovation, and development. To be a trusted brand for the customers, suppliers, and employees.”
GOAL: “To be acknowledged as a sustainable, valued supplier and trusted partner in the field of knitting & weaving in our community.”
NAME OF SUBSIDIARIES:
Aman Cotton Fibrous Limited, Boiragirchala, Sreepur, Gazipur
Corporate Head Office:
Aman Cotton Fibrous Limited, 2 Ishakha Avenue, Sector: 6, Uttara, Dhaka-1230
Tel: +88 02 7911691-3
Fax: +88 02 58950510
Web Address: www.amancotton.com
MAJOR FINANCIAL INFORMATION AS FOLLOWS:
Figure in Tk.’000
|Net Profit after tax||270,759||256,713||296,365||289,156||305,482|
|NAV per Shares||35.63||31.89||28.68||25.01||147.40|
AMAN COTTON FIBROUS LTD. EPS & NAV:
As per the financial statement for the year ended on June 30, 2016, the company’s net asset value (NAV) stood at Tk 35.63 per share (with revaluation) and Tk. 32.31 per share (without revaluation), whereas the weighted average of EPS was Tk 3.49.
ICB Capital Management Ltd. working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 13 February 2018. The companies will raise a fund worth Tk. 800.00 million for the purpose of capital machinery purchase, bank loan paid along with bearing the IPO cost.
NOS. OF SHARE OFFER For EI: 1,25,00,000
NOS. OF SHARE OFFER For INDIVIDUAL INVESTORS: 83,33,333
Total VALUE OF IPO: Tk. 799,999,988/=
INDIVIDUAL INVESTORS IPO VALUE: Tk. 299,999,988/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. 36/=
MARKET LOT: 100
TOTAL PRICE: TK. 3,600.-
SHARE ALLOTMENT: Individual Investors =83,333 lot.
20% of the securities for general public shall be reserved for Affected Investors.
** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.
The Company’s Subscription date will start from 3 June’18 to 11 June’18 and final prospectus coming soon.
DOWNLOAD IPO FORM HERE:
Aman Cotton Fibrous Ltd.: DRAFT PROSPECTUS
DOWNLOAD LOTTERY RESULT HERE:
YET TO BE PUBLISHED
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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