UPDATE: The Company’s Subscription will start from 7 January’18 and continue to 15 January’18 (Including NRB)
The Bangladesh Securities Exchange Commission (BSEC) approved IPO Queen South Textile Mills Limited on Tuesday, 14 November 2017 at their 615 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 1.50 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Queen South Textile Mills Limited (QSTML)
Incorporation: The company was incorporated on 15 June 2003 as a private limited Company and was subsequently converted into a public limited company on 25th January 2016.
Commercial Operation: QSTML was started commercial operation on 1st June 2005.
Authorized Capital: Tk. 2,000,000,000 divided into 200,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital: Tk. 851,500,000 divided into 85,150,000 ordinary shares of Tk. 10.00 each
Management Body: 1) Wong Jammy Kwok Chan, Managing Director & Director
2) Wong Kwok Chuen (Nominee of Gain Plus Agents Limited), Chairman & Director
3) Wong Elisa Dai Wah, Director
4) Lee Hung Chun, Director
5) Maqbul Ahmed, FCA, Independent Director
NATURE OF BUSINESS:
Queen South Textile Mills Ltd. import tons of yarn monthly from reputed spinning mills in Pakistan, India, and China. Equipped with numbers of different latest dyeing machinery which could be produced latest dyeing machinery which could be produced from 2 Lbs to 5,000 Lbs.
Dhaka Sales Office:
House # 235
G/F Road # 3
Baridhara D.O.H.S, Dhaka, Bangladesh
Phone: +88-02-8817216, 8855318
Corporate/Registered Office & Factory:
Plot No: 85-88 (Extension Area)
Dhaka Export Processing Zone
Savar, Dhaka, Bangladesh
Email: [email protected]
Web Address: www.qstmills.com
MAJOR FINANCIAL INFORMATION AS FOLLOWS:
Figure in Tk.’000
|Particulars||01-07-16 to 30-06-16 (6 Months)||01-12-15 to 30-06-16 (7 Months)||
|Net Profit before tax||74,383||95,174||129,740||210,907||169,743||59,471||85,727|
|Net Profit after tax||62,450||80,883||118,428||210,907||169,743||59,471||85,727|
|No. of Shares||85,150||14,375||14,375||143||143||143||143|
|NAV per Shares||16.20||81.19||75.61||69.86||55.19||43.38||39.25|
|Earnings per Share (Basic)||0.85||1.15||1.69||3.01||2.42||0.85||1.22|
QUEEN SOUTH TEXTILE MILLS LTD. EPS & NAV:
As per company’s year ended financial statement on 31 December 2016, Queen South Textile Mills Ltd. stands Net Assets Value per shares (NAV) Tk. 16.20 and Weighted Average Earning Per Shares (EPS) at Tk. 1.42.
Alpha Capital Management Ltd. is working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 14 November 2017. The companies will raise a fund worth Tk. 150.00 million for the purpose of procurement and installation of automatic warehouse storage machine, acquisition and installation of machinery for modernization of existing factory unit, partial repayment of long-term bank loan of the company and to meet up the IPO expenses.
NOS. OF SHARE OFFER: 1,50,00,000
VALUE OF IPO: Tk. 15,00,00,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 40% for General Public and Affected Investors=12,000 lot, 40% for Eligible Investor (EI) =12,000 lot, 10% for NRB = 3,000 lot and 10% for Mutual Fund = 3,000 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 will start from 7 January’18 and continue to 15 January’18 and Final Prospectus will be published very soon.
DOWNLOAD IPO FORM HERE:
Queen South Textile Mills LTD.: DRAFT PROSPECTUS
DOWNLOAD LOTTERY RESULT HERE:
YET TO BE PUBLISHED
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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