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Dragon Sweater & Spinning Ltd. IPO Information & Result

DOWNLOAD LOTTERY RESULT HERE: COMING SOON

Stock Broker / Merchant Bank Code

Stock Broker / Merchant Bank Code

General Public

Non-Residence Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Dragon Sweater & Spinning Ltd.” (also called as DSSL) on Monday 7 December 2015 on their 561 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 4.00 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:

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COMPANY NAME:

Dragon Group is the pioneer of Bangladesh’s sweater industry. It started first sweater project in Bangladesh with technical collaboration with China. Dragon Sweater & Spinning Limited (DSSL) one of the units of Dragon Group. DSSL was incorporated as a private limited company under the Companies Act 1994 on 16th June 1999 at Chandul, Miah Baar, Comilla, Bangladesh and subsequently the company converted into public limited company on 1st January 2012 by shares.

DRAGON SWEATER & SPINNING LIMITED BUSINESS:

Dragon Sweater and Spinning limited is a 100% composite export-oriented spinning and sweater manufacturing company. Having its own spinning and sweater manufacturing unit. DSSL is producing and supplying sweaters to world’s biggest renowned buyers. The company is situated in Comilla in its own industrial complex and employs a huge number of local people in its manufacturing facilities. Most of the machinery has been imported from world-class suppliers from Germany, Italy, and other European countries and it produces Acrylic and Acrylic blended yarn of fine quality and for the manufacturing and export needs of sweaters of international standard across the globe. DSSL is a backward linkage and an import substitute industry that generates the lucrative amount of foreign exchange earnings and adds value addition for the export of the country. DSSL is a project that contains Spinning of Yarns such as Acrylic or Acrylic blended with wool, cotton, Cashmere, Silk, Polyester and other synthetic fibers. Its own yarns are used to make ready-made sweaters and are exported to top retailers across the globe. (website)

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MISSION & VISION

The company’s vision and mission are to become one of the leading sweater manufacturing and spinning industry in the entire South East Asian region.

DSSL BUYER’S

Dragon Sweater unit is producing and supplying sweaters to world’s biggest renowned buyer’s like Walmart, K-Mart, Macy’s, C&A, Zara, Primark etc. and its Spinning unit exports its products to diversified markets such as USA, Canada, Mexico, Brazil, Chile, Japan, Australia, United Kingdom and Europe . The company achieved ISO 9001:2000 certificate for Quality control.

DRAGON SWEATER & SPINNING ADDRESS:

Corporate Office: Dragon Tower, 25/2 D.I.T Road, Malibagh Chowdhury Para,
Dhaka-1219, Bangladesh.
Phone: +88 02 9331404, +88 02 9346815
Fax: +88-02-8311929
Email: info@dragon-sweater.net
Web: dragonsweaterandspinning.com
London Office: Mountsky Limited, Unit-4, Genesis Business Park, Rainsford, Road,
Pak Royal, London NW107RJ.
Phone: +44-0207-6374747
Fax: +44-0207-6374648
Sanghai Office: Dragon Sweater Shanghai Ltd., Shanghai PR China.
Phone: +0086-21-68196763
Fax: +0086-21-68196757
Factory: Dragon Group, Chandul, Miah Bazar, Chowddahgaram, Comilla, Bangladesh

COMPANY EPS & NAV PER SHARE:

As per company’s latest financial statement for the year ended on 31 Dec 2014, Dragon Sweater & Spinning Ltd. Net Assets Value (NAV) per share is Tk. 18.79 and last five years weighted average earning per share (EPS) is Tk. 1.33.

ISSUE MANAGER:

Swadesh Investment Management Ltd. working as the manager to the issue.

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WHY PUBLIC OFFERING:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 7th December 2015. Due to rising demand of goods produced from its composite project the company plans to expand the spinning and sweater manufacturing capacity to meet the rising demand for acrylic and other yarns from the group itself and also to meet the demand of rising sweater industry of Bangladesh. In this view, the Company’s will raise a fund worth Tk. 400.00 million for the purpose of machinery purchase, building & civil construction expenses, spare parts purchase, working capital and the IPO expenses meet from IPO proceeds.

NOS. OF SHARE OFFER: 40,000,000
VALUE OF IPO: Tk. 400,000,000/=
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.
** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.

SUBSCRIPTION DATE:

The Company’s subscription will start from 17 January 2016 and cut off date 26 January 2016 [including NRB].

DSSL IPO FORM DOWNLOAD HERE:

Res. / Aff. / NRB Application Form

Stock Broker/Merchant Bank List
DSSL IPO List Of Subscriber

DSSL: PROSPECTUS

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  1. Nice post it is.

  2. It is a nice post.

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