The Bangladesh Securities Exchange Commission (BSEC) approved IPO Bashundhara Paper Mills Ltd. on Tuesday, 30 January 2018 at their 626 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 200 crore by offloading 2.60 crore shares at a price of Tk. 72 to Tk. 80 each share. The commission on August 26 last year allowed Bashundhara Paper 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 BPML’s IPO shares to general and non-resident Bangladeshi investors at 10 per cent 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 80 which will be allotted to general investors along with NRB investors at Tk 72 each. Under the amended public issue rules, of the 2.6 crore IPO shares of BPML, 1.56 crore will be allocated to EIIs, 1.04 crore shares will be offered to the General and NRB investors.
Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Bashundhara Paper Mills Ltd. (BMPL)
Incorporation: The company was incorporated on 1993 as a private limited Company and was subsequently converted into a public limited company on 30 January 1994.
Commercial Operation: BMPL was started commercial operation on 1 March 1997.
Authorized Capital: Tk. 5,000,000,000 divided into 500,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 1,477,497,750 divided into 147,749,775 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 1,737,914,420 divided into 173,791,442 ordinary shares of Tk. 10.00 each
Management Body: 1) Mr. Ahmed Akbar Sobhan, Chairman
2) Mr. Safwan Sobhan, Managing Director
3) Md. Nazmul Alam Bhuiyan,
Nominated by: East West Property Development (Pvt.) Ltd. & Director
4) Mr. Md. Imrul Hassan, Director
5) Mr. Zeaur Rahman, Independent Director
6) Mr. Khawaja Ahmedur Rahman, Independent Director
NATURE OF BUSINESS:
Bashundhara Paper Mills Ltd possess around 30% market share at this moment. Besides, around 40000 MT paper products are also imported in each month. Considering above circumstances we might conclude that the market size of paper products is around 8000 crores/ year.
ABOUT THE COMPANY:
Bashundhara Group has same nature namely “Bashundhara Newsprint & Duplex Board Industries Limited (Former Shahjalal News Print Industries Ltd.) and “Bashundhara Tissue Industries Limited” (Former Freyschmidi Tissue Limited) amalgamated with BPML on October 10, 2009. After the amalgamation of all three companies carring out its business as a single legal entity and operated three separate units as “Unit 1”, “Unit-2” and “Unit -3” for administrative purpose only. Presently the Authorized Capital of the Company is BDT 5000 Million and Paid -Up Capital stands at BDT 1477.49 Million.
produces very good Quality & International standard MG Paper, Offset Paper, White Writing & Printing Paper, Brown Wrapper, Brown Liner, Newsprint paper, Coated/Uncoated paper board, A4 paper, Glassine Paper, Stiffener, Ledger Paper, PP Woven Bag, Sack Paper also time to time produce Plug wrap, Cigarette Tipping Paper on request of different Cigarette manufacturing companies.
Unit-2 of Bashundhara Paper Mills Limited was set up in 1994 & operates three modern plants in producing newsprint, white writing/printing paper, duplex board, liner paper, Kraft paper, Art card, art paper and allied products. The first unit produces duplex boards and other industrial packing papers used in packaging industry. An off line coater produces coated duplex board & Art card in this unit. It was formerly known as Bashundhara Newsprint & Duplex Board Limited.
Unit–3 of Bashundhara Paper Mills Limited, formerly known as Bashundhara Tissue Industries Limited, was set up in 1995. It is the country’s first basic tissue manufacturing factory at the face of growing popularity of tissue with fast changing urban lifestyle and elevation of living standards as a whole. The company is manufacturing wide range of products including facial tissue, pocket tissue, wet tissue, green tissue, sanitary napkin, baby diaper, toilet tissue, kitchen towel, cigarette paper, glassine paper, and hard tissue, hand gloves and paper carton container.
NAME OF SUBSIDIARIES:
Plot # 125/A, Road #2, Block # A, Bashundhara R/A, Dhaka-1229
Phone: + 88-02-8432008-17 (Hunting)
Corporate Head Office:
Bashundhara Paper Mills Ltd.
Plot #03 (Umme Kulsum Road), Block #G, Bashundhara R/A, Dhaka-1229
Fax : +88-02-55037257
Web Address: www.bashundharapapermills.com
MAJOR FINANCIAL INFORMATION AS FOLLOWS:
Figure in Tk.’000
|Net Profit after tax||316,578||264,673||218,123||97,071||65,003|
|NAV per Shares||30.49||60.88||37.60||132.5||127.40|
BASHUNDHARA PAPER MILLS 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 30.49 per share (with revaluation) and Tk. 15.79 per share (without revaluation), whereas the weighted average of EPS was Tk 1.46.
AAA Finance and Investment Ltd. working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 30 January 2018. The companies will raise a fund worth Tk. 2,000.00 million for the purpose of capital machinery purchase, bank loan paid along with bearing the IPO cost.
NOS. OF SHARE OFFER For EI: 1,56,25,000
NOS. OF SHARE OFFER For INDIVIDUAL INVESTORS: 1,04,16,667
Total VALUE OF IPO: Tk. 1,999,999,952/=
INDIVIDUAL INVESTORS IPO VALUE: Tk. 749,999,952/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. 62/=
MARKET LOT: 100
TOTAL PRICE: TK. 7,200.-
SHARE ALLOTMENT: Individual Investors =104,167 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 and final prospectus coming soon.
DOWNLOAD IPO FORM HERE:
Bashundhara Paper Mills Ltd.: DRAFT PROSPECTUS
DOWNLOAD LOTTERY RESULT HERE:
YET TO BE PUBLISHED
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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