Hamid Fabrics Limited IPO

Posted by Muhammad Jakirul Haque Talukder on Sunday, September 14, 2014 | 0 comments




Hamid Fabrics Limited
(As per abridged version of Prospectus)
Nature of Business
Hamid Fabrics Ltd is a "deemed exporter" that is engaged in weaving, solid-dyeing and finishing of woven fabrics for 100% export oriented RMG units.
Major Product
The product range offers 100% cotton fabrics as well as blended fabrics such as cotton/polyester, cotton/viscose, nylon/cotton and cotton/lycra. The weaving unit produces gray fabrics in various design and constructions such as Twill, Canvas, Oxford, Rib stop, Rib cord, Ottoman, Herringbone, and various dobby designs with weight range of 100-450 GSM. The finishing mix of Hamid Fabrics Limited comprises water repellent, fire proof, wrinkle free, teflon coating, aero finish and chintz finish etc.
Subscription Open
September 28, 2014
Subscription Close
October 02, 2014
Subscription period for NRB
September 28, 2014 to October 11, 2014
Authorized Capital
Tk. 2,000,000,000
Pre- IPO paid-up Capital
Tk. 488,375,000
IPO size in shares
30,000,000
IPO size in Tk. at face value
Tk. 300,000,000
IPO size in Tk. at offer price
Tk. 1,050,000,000
Post IPO Paid-up Capital
Tk. 788,375,000
Face Value per share
Tk. 10.00
Offer Price per share
Tk. 35.00
Market Lot (Shares)
200
Use of IPO Proceeds
Proceeds  from  initial  public  offering  (IPO)   will  be  used  for
Settlement of loans (28.90%), expansion project (68.76%) and IPO expenses (2.33%).
NAV per share
with revaluation surplus Tk. 46.78 as on June 30, 2014 without revaluation surplus Tk. 32.21 as on  June 30, 2014
EPS
Tk. 5.58 for the year ended on June 30, 2014
Issue Manager(s)
ICB Capital Management Limited
Auditors
Howladar Yunus & Co.
Website

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