The Bangladesh Securities Exchange Commission (BSEC) approved IPO Kattali Textile Limited on Tuesday, 26 June 2018 at their 648 nos Board Meeting. Presided over by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 3.40 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Kattali Textile Limited. (Hereinafter referred to as “KTL”)
Incorporation: The Company was incorporated on 26 June 2002 as a private limited Company and was subsequently converted into a public limited company on 16 October 2016.
Commercial Operation: Kattali Textile Limited was started commercial operation on 1 March 2004.
Authorized Capital: Tk. 900,000,000 divided into 90,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 550,000,000 divided into 55,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 890,000,000 divided into 89,000,000 ordinary shares of Tk. 10.00 each
Management Body: 1) Ms. Nasreen Haque, Chairman
2) Mr. Md. Emdadul Haque Chowdhury, Managing Director & Director
3) Mr. Md. Anwarul Haque Chowdhury, Director
4) Mr. Md. Mokarrom Anower Chowdhury, Director
5) Ms. Waduda Sabrina, Director
6) Ms. Sifat Sabrina, Director
7) Mr. Md. Syed Manzur Quader, Independent Director
8) Mr. Mohammed Nurul Alam, Independent Director
ABOUT THE ISSUER:
Jacket, Men’s Fit Front Short, Ladies Shorts, Boy’s Trouser, Girl’s Pant, Girl’s Skirts, Girl’s Top, and Man‘s Top etc.
The Company has produced Man’s Long Shirt, Boys Pant, Ladies shirt, Boy’s Polo Shirt, Boys Long Pant, Boys Jacket, Men’s Fit Front Short, Ladies Shorts, Boy’s Trouser, Girl’s Pant, Girl’s Skirts, Girl’s Top, and Man‘s Top etc.
The Company is serving many international buyers in the North American and the European markets. The principal buyers of the company are Wal-mart, GRAN INC (USA), Regatta Limited, Kohls, J C Penney, Target, K-mart, Mango, Calvin Klein, At-Last, Weatherproof, ENYCE, Kenneth Cole, Nautica, etc.
NAME OF SUBSIDIARIES:
There is no subsidiaries company of Kattali Textile Limited.
Registered, Corporate Office & Factory :
MAJOR FINANCIAL INFORMATION AS FOLLOWS:
Figure in Tk.’000
|Net Profit before tax||107,015||83,060||79,386||86,000||74,794|
|Net Profit after tax||106,886||57,869||67,478||68,224||67,314|
|No. of Shares||55,000||9,999||500||500||500|
|NAV per Shares||20.48||54.35||31.70||45.67||41.36|
|Earnings per Share||2.07||1.99||2.45||2.73||3.04|
KATTALI TEXTILE LIMITED EPS & NAV:
As per the financial statement for the year ended on June 30, 2017, the company’s net asset value (NAV) without revaluation stood at Tk 20.48 per share and Diluted EPS was Tk 1.94
NRB Equity Management Limited working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 26 June 2018. The companies will raise a fund worth Tk. 340.00 million.
NOS. OF SHARE OFFER: 3,40,00,000
VALUE OF IPO: Tk. 340,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=21,760 lot and 8% for Affected Investors=5,440 lot, 40% for Eligible Investor (EI) =27,200 lot, 10% for NRB = 6,800 lot and 10% for Mutual Fund =6,800 lot.
** 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 28 August 2018 to 13 September’2018.
DOWNLOAD IPO FORM HERE:
Kattali Textile Limited: PROSPECTUS
DOWNLOAD LOTTERY RESULT HERE:
YET TO BE PUBLISHED
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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