Bangladesh Securities Exchange Commission (BSEC) introduce new IPO Application Process. An applicant other than NRB and Foreign Applicant public issue of securities shall submit application/instruction, within the subscription period, to the Stockbroker/ Merchant Banker where the applicant maintains BO account. In this subject, BSEC starts a Pilot project and Hamid Fabrics Ltd. is first.
For my valued viewers attached here New IPO Application Process and BSC Approved list of stockbrokers for the Pilot project:
1. IPO APPLICATION PROCESS.
2. BSEC APPROVED STOCK BROKERS LIST FOR PILOT PROJECT.
The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Hamid Fabrics Ltd.” on Tuesday 12th August 2014 on their 524 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 3.0 crore shares at the price of Tk. 35 each with a premium of Tk. 25.
Company Information, IPO Application Form, Prospectus & Result are as Under:
COMPANY NAME: Hamid Fabrics Limited (HFL), a sister concern of Mahin Group established in 1996.
BUSINESS: Hamid Fabrics Ltd. stormed into the country’s textiles industry with one of the most sophisticated and advanced sets of textile machinery in the region. The new weaving unit (Hamid Weaving Mills Ltd.) is a state-of-the-art facility that incorporates 104 high-speed Toyota JAT710 Airjet looms, while the older weaving unit (Hamid Fabrics Ltd Unit-1) has 120 Ishikawa rapier looms. The Dyeing and Finishing Unit (Hamid Fabrics Ltd. Unit-2) incorporates German & Japanese machinery of Kusters, Bruckner, Kyoto, Monforts etc. (Source: HFL website)
RELATION WITH: Main Buyer is 1. MARKS & SPENCER 2. ZARA 3. CHARLES VOGELE, SWITZERLAND, 4. H & M 5. UNI QLO 6. LC WAIKIKI 7.LEVI’S 8. NEXT 9. S. OLIVER 10. ESPRIT 11. TESCO and 12. BHS.
PRODUCT: Hamid Fabric Ltd. Unit-1 is Weaving Unit and produce fabric 7.2 million yards per year.
Hamid Fabric Ltd. Unit-2 is Dyeing and Finishing Unit was established in 2003.
Dyeing Facility Range :
1. Reactive dyed 2.Vat dyed 3.Pigment dyed 4.Disperse dyed 5.Sulphur dyed
Finishing Facility Range:
1. Carbon Brush 2.Peach 3.Water repellent 4. Easy Care 5. Wrinkle-free 6.Pigment 7. Paper Touch Finish 8.Teflon finish 9. Teflon with wrinkle free
MISSION: -Merging capabilities with topnotch technology
-To provide our stakeholders with the best possible products, services, and experiences.
GOAL: Mahin Group believes in ethical business practices to become a strong, reliable and trustworthy partner, for companies throughout the world. It has been working within this dimension to achieve the following goals:
-Create a quality benchmark in every aspect of its business
-Maintain and further enhance customer satisfaction in terms of quality and price
-Formulate a happy, motivated and skilled workforce
-Produce within environmental guidelines and work towards Green Production
-Create jobs for people and retain them with steady, controlled and focused company growth
-Contribute to the country’s economic sustainability with our exports and business practices.
(Source: Mahin group web site)
Mahin Group: Hamid Tower (5th and 6th Floor), 24 Gulshan C/A, Circle-2, Dhaka-1212, Bangladesh.
Phone: 880-2- (8834564-5, 8834104, 9894589, 8814775, 8833549)
Email ADDRESS: [email protected]
WEB ADDRESS: www.mahingroup.com
COMPANY EPS & NAV PER SHARE: As per financial statement for the year ended on 30 June 2013 and audited financial statement of previous five years the Company’s weighted average Earning Per Shares (EPS) Tk. 2.97 and re-valued Net Assets Value (NAV) Tk. 41.14 respectively.
ISSUE MANAGER: ICB Capital Management Ltd. working as the manager of the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 12th August 2014. The Company will raise a fund worth Tk. 1,050 million for the purpose of PAYBACK BANK LOAN and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 30,000,000
VALUE OF IPO: Tk. 1,050,000,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Tk.25.-
MARKET LOT: 200
SHARE ALLOTMENT: 60% General Public, 20% Affected Public, 10% Mutual Fund And 10% NRB
SUBSCRIPTION DATE: The Company’s subscription will be start from 28 September’14 to 2 October’14 and NRB till 11 October’14.
LOTTERY RESULT DOWNLOAD HEAR:
IPO FORM DOWNLOAD HEAR:
Hamid Fabrics Ltd. “PROSPECTUS“
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