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VFS Thread Dyeing Limited: Company Information & IPO Result

DOWNLOAD LOTTERY RESULT HERE: PUBLISHED

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non-Residence Bangladeshi (NRB)

Eligible Investors

 

Update: VFS Thread Dyeing Limited lottery held on 19 July 2018 at 10.30 am at Engineering Institute, IIEB Auditorium, Ramna, Dhaka  

The Bangladesh Securities Exchange Commission (BSEC) approved IPO VFS Thread Dyeing Limited on Tuesday, 3 April 2018 at their 638 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 2.20 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:

VFS Thread Dyeing Ltd.

COMPANY INFORMATION:

Company Name: VFS Thread Dyeing Limited
Incorporation: The company was incorporated on 20 April 2010 as a private limited Company and was subsequently converted into a public limited company on 13 January 2013.
Commercial Operation: VFS Thread Dyeing Limited. was started commercial operation on 2 July 2012.
Authorized Capital: Tk. 1,000,000,000 divided into 100,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 627,148,000 divided into 62,714,800 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 220,000,000 divided into 22,000,000 ordinary shares of Tk. 10.00 each
Management Body: 1) Mr. Sarwat Khaled, Sponsor & Chairman
2) Mr. M. Azhar Rahman, Sponsor & Managing Director
3) Mr. Mo Lai Mei, Sponsor
4) Ms. Rumana Hashem, Director
5) Mr. Tariqul Islam, Director
6) Ms. Khaleda Siddique, Independent Director

ABOUT THE ISSUER:

VFS Thread Dyeing Limited is a leading manufacturer & supplier of high quality Sewing Thread products to apparel industries in Bangladesh. The principal activities of the company include dyeing and finishing of different types of sewing thread. The company has earned fames and laurels in respect of proper management and volume export and established itself as an innovative leader of 100% export oriented sewing thread of Spun Polyester, Core Spun and Synthetic Filament of all grades with continuous advancement in customer service, competitive pricing, quality product, technical support and research & developments.
VFS Thread Dyeing Ltd.

PRODUCTS:

The Company has following products: 1. Spun Polyester Sewing Thread, 2. Poly Core Spun and 3. Synthetic Filament Yarn etc.

NAME OF SUBSIDIARIES:

There is no subsidiaries company of VFSTDL.

ADDRESS:

Corporate Office :
House #257 (3rd Floor), Road#3, Baridhara DOHS, Dhaka.
Phone: +88 02 8419542, 8419549
Fax: +88 02 8414678
Email: info@vfsthread.com

Web Address: www.vfsthread.com

MAJOR FINANCIAL INFORMATION AS FOLLOWS:

Figure in Tk.’000

Particulars 30-06-17
30-06-16 31-12-15 31-12-14

31-12-13

Revenue 880,833 398,856 781,913 765,422 635,249
Gross Profit 199,655 99,655 184,548 185,847 158,126
Net Profit before tax 166,087 82,364 157,451 163,113 130,532
Net Profit after tax 141,082 70,318 144,963 138,402 110,694
Total Assets 1,439,738 1,315,410 1,258,106 1,010,783 900,762
Share Capital 627,148 627,148 627,148 627,148 627,148
Retained Earnings 620,639 480,511 412,888 261,042 122,639
No. of Shares 62,715 62,715 62,715 62,715 62,715
Face Value 10.00 10.00 10.00 10.00 10.00
NAV per Shares 19.90 17.66 16.58 14.16 11.96
Earnings per Share 2.25 1.12 2.31 2.21 1.77

VFS THREAD DYEING LTD. EPS & NAV:

As per the financial statement for the year ended on June 30, 2017, the company’s net asset value (NAV) stood at Tk 19.90 per share and weighted average of EPS was Tk 2.02.

VFS Thread Dyeing Ltd.

ISSUE MANAGER:

Citizen Securities & Investment Ltd. and First Security Islami Capital & Investment Ltd. are jointly working as the manager to the issue.

WHY PUBLIC OFFERING:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 3 April 2018. The companies will raise a fund worth Tk. 220.00 million. Proceeds from Initial Public Offering (IPO) will be used for the acquisition of Machinery & Equipment, Bank loan repayment and for IPO Expenses.

NOS. OF SHARE OFFER: 2,20,00,000
VALUE OF IPO: Tk. 220,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
MINIMUM LOT VALUE:
Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=14,080 lot and 8% for Affected Investors=3,520 lot, 40% for Eligible Investor (EI) =17,600 lot, 10% for NRB = 4,400 lot and 10% for Mutual Fund =4,400 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 will start from 24 June’18 to 2 July’18.

DOWNLOAD IPO FORM HERE:

Res./EI./NRB Application Form

VFS Thread Dyeing  Limited: PROSPECTUS

VFS Thread Dyeing Limited: TT Clean Rate

 

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