The Bangladesh Securities Exchange Commission (BSEC) approved IPO ” C & A Textiles Ltd ” on Tuesday 23rd September 2014 on their 528 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 4.50 crore shares at the price of Tk. 10 each. Please note that at present 36 textile companies are listed on the DSE, accounting for around 5% of the total market capitalization.
Company Information, IPO Application Form, Prospectus & Result are as Under:
COMPANY NAME: C & A Textiles Ltd or called “CATL” was incorporated in Bangladesh as a Private Limited Company from 2001. and The Company started its commercial operation on 7th February, 2003.
BUSINESS: Chittagong based C & A Textiles Limited is a 100% Export oriented knit composite Textiles industries to carry out Business of Knitting, Dyeing, Printing and Manufacturing of various types of RMG such as T- Shirt, Polo Shirt, Tang Tops, Shorts, Sweet Shirt, Boxer, Skirts, Legging, Fleece Jacket etc.
BUYER’S: CATL exports its production to the USA, Canada, Brasil, UK, Italy and Germany. and its main buyer are ADJMI/APPAREL/GROUP, Blacks, Bonmarché, PEACOCKS, Carter’s babies and kids, JD Williams, Miles, Morrisons, OSHKOSH B’gosh, riachueloR, The Running Clinic.com and Terranova.
MISSION: The company’s mission is to create value that contributes to: cut customers’ costs, improve quality, participate in efforts to preserve the environment, enable people to reach their potential within the company, to develop a more ‘human’, freer way of working. (source: website)
GROUP ASSOCIATES: Associate’s of C & A Textiles Ltd. are 1. C & A Fashion Ltd. 2. Knit Express Ltd.
ADDRESS: C & A Textiles Registered Address :
House No-127 (2nd Floor), Road-10,
Block-C, Niketon, Gulshan-1, Dhaka-1212, Bangladesh
Phone: +880-2-9862181, Fax: +880-2-9862181
Plot # 72, 73 BSCIC Industrial Area, Kalurghat (Extn.),Chittagong, Bangladesh
Telephone:+880-31-671714, +880-31-670264, Fax:+880-31-2570639
E-mail: [email protected] & WEB ADDRESS: www.cnatextiles.com
COMPANY EPS & NAV PER SHARE: As per financial statement for the year ended on 31 December 2013 the Company’s Earning Per Shares (EPS) Tk. 1.78 and Net Assets Value (NAV) without revaluation surplus per shares Tk. 18.38 respectively.
ISSUE MANAGER: AFC Capital Ltd. and Imperial Capital Ltd. jointly working as the manager to the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 23rd September 2014. The Company’s will raise a fund worth Tk. 450.00 million for the purpose of MACHINERY PURCHASE, BUILDING CONSTRUCTION, REPAY BANK LOAN and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 45,000,000
VALUE OF IPO: Tk. 450,000,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 60% for General Public, 20% for Small Affected, 10% for NRB and 10% for Mutual Fund.
SUBSCRIPTION DATE: The Company’s subscription will be start from 09 November’14 to 13 November’14 and NRB till 22 November’14.
LOTTERY RESULT DOWNLOAD HEAR: COMING SOON
IPO FORM DOWNLOAD HEAR
C&A TEXTILES LTD. “PROSPECTUS“
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