The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Zaheen Spinning Limited” on Wednesday 29th October 2014 on their 530 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 1.20 crore shares at the price of Tk. 10 each. Please note that at present 36 textile companies are listed on the DSE, accounting for around 5% of the total market capitalization.
Company Information, IPO Application Form, Prospectus & Result:
COMPANY NAME: Zaheen Spinning Ltd. or called “ZSL” is a privately owned company by Mr. A. M. Badruzzaman Khashroo and Sons. It was established in 2008 at Ghowjara, Araihazar, Narayangonj industrial city in Narayangonj – Bangladesh.
BUSINESS: The company is committed to producing fine quality cotton yarn from different counts, 100%, cotton yarn normal or high bulk. The yarn is used in different end markets such as knitwear, fabrics, socks, and weaving. ZSL currently have an estimated annual production capacity of 720 Tons.
The company bought a brand new product line from the top line manufacturing suppliers all over the world. Zaheen spinning Ltd always carries the sense of commitment towards our customers to maintain quality standards and to win their confidence which to us is the prime reason for our success day after day, year after year.
Zaheen Spinning units ensure the supply of consistent quality yarn to manufacture the garments & Textiles. ZSL Spinning Units leads the quality of yarn in the market. Ultimately, the crunch lies in the infusion of hi-tech, state-of-the-art machinery that aids in the production of high quality 100% cotton yarn, in counts that range from NE 20s to 120s in singles and doubles. Coupled with global standards of process manufacturing that turn out a year of superior quality in durability as well as finish. To produce superior quality garments and Textiles, Zaheen Spinning Ltd. ensures that every kilogram of yarn supplied from Zaheen Spinning unit conforms to International standard and with a zero complaint. (Source: website)
GROUP ASSOCIATES: Associate’s of Zaheen Group are: 1. Zaheen Spinning Ltd. 2. Zaheen Air Travels Ltd.
Zaheen Spinning Ltd. Corporate
House # 59/A, Road # 12/A,(6th &7th) Floor,
Near Takwa Masjid, Dhanmondi, Dhaka-1209, Bangladesh.
Phone: ++8802 8191588,+88028191522, Fax: +88028191522
E-mail: email@example.com, firstname.lastname@example.org
WEB ADDRESS: www.zaheenspinningltd.com
COMPANY EPS & NAV PER SHARE: As per financial statement for the six months ended on 30 June 2014 the Company’s Earning Per Shares (EPS) Tk. 1.01 and Net Assets Value (NAV) per shares Tk. 12.59 respectively.
ISSUE MANAGER: MTB Capital Limited working as the manager to the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 29th October 2014. The companies will raise a fund worth Tk. 120.00 million for the purpose of PLANT AND MACHINERY PURCHASE, IPO EXPENSES, and OTHERS meet from IPO Proceeds.
NOS. OF SHARE OFFER: 12,000,000
VALUE OF IPO: Tk. 120,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 60% for General Public=14,400 Lot, 20% for Small Affected=4,800Lot, 10% for NRB=2,400Lot and 10% for Mutual Fund=2,400Lot.
LOTTERY RESULT DOWNLOAD HERE: Published
The Company’s subscription will start 28th December 2014 to 5th January 2015 and NBR until 13th January 2015.
Application Form published.
IPO FORM DOWNLOAD HERE:
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