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Kattali Textile Limited: Company Information & IPO Result

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 INFORMATION:

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

Kattali Textile Limited

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:

The principal activities of the company are sewing, cutting, finishing and export of different types of garment products like 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.

PRODUCTS:

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. 

BUYER:

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.

Kattali Textile Limited

NAME OF SUBSIDIARIES:

There is no subsidiaries company of Kattali Textile Limited.

ADDRESS:

Registered, Corporate Office & Factory :

Chowdhury Bari, Kornel Jones Road, North Kattali, Pahartoli, Chittagong-4100

Phone: +88-031-2511654
Fax: +88-031-2770044
Email: info@kattalitextileltd.com

 

MAJOR FINANCIAL INFORMATION AS FOLLOWS:

Figure in Tk.’000

Particulars 30-06-17
30-06-16
2015 2014

2013

   
Revenue 595,295 486,266 564,389 561,642 517,506
Gross Profit 135,946 109,758 105,368 110,501 94,846
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
Total Assets 1,262,023 1,036,967 890,677 829,950 669,231
Share Capital 550,000 99,999 5,000 5,000 5,000
Retained Earnings 576,437 443,503 452,697 385,219 316,995
No. of Shares 55,000 9,999 500 500 500
Face Value 10.00 10.00 10.00 10.00 10.00
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

Kattali Textile Limited

ISSUE MANAGER:

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.

Proceeds from Initial Public Offering (IPO) will be used for Construction of factory building expansion unit, Construction of Dormitory, Acquisition of machinery, Electric Installation of Transformer & Generator, repayment of the loan (overdraft) and IPO expenses.

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”.

SUBSCRIPTION DATE:

The Company’s Subscription date will start from 28 August 2018 to 13 September’2018.

DOWNLOAD IPO FORM HERE:

Res./EI./NRB Application Form

Kattali Textile Limited: PROSPECTUS

 

DOWNLOAD LOTTERY RESULT HERE:

YET TO BE PUBLISHED

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non-Residence Bangladeshi (NRB)

Eligible Investors

Mutual Fund

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  1. When a new company comes in share market then DSE dose everything. But when they are losers DSE do nothing. When the listed price is high but after 6 months these company shareholders are looser.

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