Hamid Fabrics Limited IPO
Posted by Ripon Abu Hasnat on Sunday, September 14, 2014 | 0 comments
Hamid Fabrics Limited
(As per abridged version of Prospectus)
(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
|
You can subscribe by e-mail to receive news updates and breaking stories.
0 comments for "Hamid Fabrics Limited IPO"
Leave a reply