Yeakin Polymer Limited: IPO Information And Result

Yeakin Polymer Limited: IPO Information And Result

LOTTERY RESULT DOWNLOAD HERE: Available After Draw

Stock Broker / Merchant Bank Code

General Public

Affected Small Investor

Non Residence Bangladeshi (NRB)

Eligible Investors (Pro Rata Basis Allotment)

Mutual Fund (Pro Rata Basis Allotment)

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Yeakin Polymer Ltd.” on Thursday 19 May 2016 on their 573 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 2.00 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below.

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COMPANY NAME:

Yeakin Polymer Ltd. (also called “YPL”) is a PP Woven bagging plant, an effort of vertically integrated diversification of Yeakin Group since 2001. The Company has been incorporated on the 8th February, 2001 as a Public Limited Company. It May be noted here that the company was converted into a Private Limited Company on 10th November, 2003 and again it was re-converted into a Public Limited Company on 15th May, 2012. The Name of the Company was changed on 15th December, 2010 from Yeakin Business Limited to Yeakin Polymer Ltd.  The Company is producing and trading of various kinds of woven bags/sacks such as PP/PE Liner, Nylon Bag, Shopping Bag, etc. both in local and international market. YPL obtained certificate ISO 14001:2004 and ISO 9001:2008 from Bureau of Assessment Services.

PROCESS OF BUSINESS:

The Company has a vertically integrated producing system starting from polymer yearn from Thermoplastic molding compound, yearn to weaving, coating or lamination of PP woven fabric, printing and sewing. This system provides the needed flexibility to meet varied requirement of the customers.

PRODUCT:

The Company has the experience of development and manufacture FIBC (Jumbo bag), multiply kraft paper and woven PP bag for packing building materials, cement, fertilizer, rice, animal & fish feed, salt, food grain, etc.

The products are:
-P P woven roll or in regular bag
-HDPE woven roll or in regular bag
-Flexible packaging material center seal pouches
-Three side seal pouches
-Side gusseted pouches
-Square bottom pouches
-Transparent Pouches
-Induction seal wads
-Laminated & Printed HDPE woven bags
-Stand-up pouches
-Roll stocks
-Re- closeable storage bags
-Food packaging pouches
-Flexible packing pouches
-Recyclable & Reusable Shopping bag
-Fashionable shopping bag
-Tarpaulin Bag.

MACHINERY:

YPL has been using state of the art plants and machinery from world- renowned companies of India (Lohia- Starlinger), China, Taiwan throughout the whole process. Tape line for Yarn, Loom M/C for Fabric, Printing M/C for Printing, Lamination M/C for Fabric Laminating, Belt for Needle Loom M/C and Baling for Bale press M/C. To ensure uninterrupted power supply, besides the national power grid, the company has installed 100% capacity captive power source with world-renowned U.S.A brand generator.

 GROUP ASSOCIATES:

Associate’s of Yeaking Polymer Ltd. are 1. Satkhira Feed Industries Ltd. 2. Yeakin Agro Product Limited.

ADDRESS:

YPL manufacturing unit is situated at Satkhira Khulna in the southwest region of Bangladesh. The project site is on the Highway away from the maddening crowd.  It is well connected by Highways with Chittagong and Mongla, two seaports in Bangladesh

Corporate Office: 83, Siddheswari Circular Road Manhattan Tower ( Level-6) Malibagh, Dhaka-1217, Bangladesh
Phone: +88-02-8314498, Fax: +88-02-9359526
Email: info@yeakingroupbd.com

Web Address: www.yeakingroupbd.com

Factory Office: Labsha, Satkhira-9400 .
Phone: ++88-0471-64838, Fax: +88-0471-64848, Email: factory@yeakingroupbd.com

Khulna Office: 3, KD.A. avenue Moylapata Khulna
Phone: 88-041-813146, Email: kh@yeakingroupbd.com

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YEAKIN POLYMER LTD. EPS & NAV PER SHARE:

As per company’s latest financial statement for the year ended on 30 June, 2015 Yeakin Polymer Ltd. stands Earning Per Shares (EPS) at Tk. 1.41 and Net Assets Value (NAV) per shares Tk. 14.61 respectively.

ISSUE MANAGER:

Imperial Capital Ltd. and FAS Capital Management Ltd. jointly working as the manager to the issue.

WHY PUBLIC OFFERING:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 19 May 2016. The Company’s will raise a fund worth Tk. 200.00 million for the purpose of Machinery Purchase, Construction for Office and Factory Buildings and the IPO expenses meet from IPO proceeds.

NOS. OF SHARE OFFER: 2,00,00,000 
VALUE OF IPO: Tk. 200,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 40% for General Public=16,000 lot, 40% for Eligible Investor (EI)  = 16,000 lot, 10% for NRB =4,000 lot and 10% for Mutual Fund = 4,000 lot.

** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.

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SUBSCRIPTION DATE:

The Company’s subscription date will start form 10 July 2016 and cut off date 20 July 2016 (Including NRB)

YEAKIN POLYMER LTD. IPO FORM DOWNLOAD HERE:

Res. / EI. / NRB Application Form

ETL IPO List of Subscriber 

YEAKIN POLYMER LTD.: PROSPECTUS

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