Nature of Business
The principal activities and operations of the Company
are manufacturing and marketing of PP woven bags and
liner.
Subscription Open October 24, 2010
Subscription Close October 28, 2010
For Non-Resident Bangladeshi October 24, 2010 to November 06, 2010
Use of IPO Proceeds
Net proceeds from the public offering (capital raising
and IPO) will be used for BMRE and required working
capital of the company. The new expansion will flow
benefit to the company after the implementation.
Offer Price Per Share Tk. 10.00
Face Value Per Share Tk. 10.00
Market Lot (Share) 500
Pre-IPO Paid-up Capital Tk. 240,000,000.00
Public Offer (Share) 16,000,000
Total Issued Shares (after IPO) 40,000,000
Total Paid-up Capital (after IPO) Tk. 400,000,000.00
EPS (annualized) (as per
Prospectus)
Tk. 43.40 (as on 30.06.2009)
Tk. 3.47 (as on 30.04.2010) (For 10 months)
NAV Per Share (as per Prospectus) Tk. 13.63 (as on 30.04.2010)
Manager to the Issue Union Capital Limited
Application Document Available at DSE & CSE Library, DSE Members House, Issue
Manager, Underwriter and Designated Banks.
Website www.deshbandhugroup.com.bd
Sunday, October 10, 2010
Friday, October 8, 2010
Generation Next to float IPO
FE Report
Textile maker Generation Next Ltd Wednesday held a road-show for institutional investors, as the company plans to go public under the book building method.
BRAC EPL Investment Ltd, the issue manager of Generation Next, valued shares at Tk 50 each: Tk 10 in face vale and Tk 40 in premium.
Generation Next will use the proceeds from the initial public offer to expand business and repay outstanding loans.
The company will offload 30 million ordinary shares. Of the 30 million shares, 60 percent will be allotted for the general public, 20 percent for eligible investors, 10 percent for mutual funds and 10 percent for non-resident Bangladeshis.
Now, the investors will have to offer bidding prices in three workdays, which will ultimately fix an indicative price.
"We will finally submit the indicative price to the market regulator after averaging all biding prices from the eligible investors," said Khaled Farazi, managing director of BRAC EPL.
Tauhidul Islam Chaudhury, chairman of Generation Next, described the strengths of the business, while Javed Chaudhury, chief executive officer of the company, presented the company's fundamentals.
Officials of BRAC EPL Investments Limited, the issue manager of GNFL, said the company demanded Tk 40 premium for each of its shares of Tk 10.
"The indicative price of GNFL's shares will be approved by the stocks regulator after justifying the bidding prices, quoted by the institutional investors," Mr Khaled Yusuf Farazi said at the road-show.
GNFL will offload 30 million ordinary shares, of which, 60 per cent will be allotted for general public, 20 per cent for eligible investors, 10 per cent for mutual funds, and 10 per cent for non-resident Bangladeshis.
"In our stock market the participation of garment sector is very minimal, compared to other sectors. That's why GNFL plans to go public," Javed Chaudhury, chief executive officer of the company, said during his presentation.
"Our compliance standard is very high, and the company will share its profits with the investors," he added.
Textile maker Generation Next Ltd Wednesday held a road-show for institutional investors, as the company plans to go public under the book building method.
BRAC EPL Investment Ltd, the issue manager of Generation Next, valued shares at Tk 50 each: Tk 10 in face vale and Tk 40 in premium.
Generation Next will use the proceeds from the initial public offer to expand business and repay outstanding loans.
The company will offload 30 million ordinary shares. Of the 30 million shares, 60 percent will be allotted for the general public, 20 percent for eligible investors, 10 percent for mutual funds and 10 percent for non-resident Bangladeshis.
Now, the investors will have to offer bidding prices in three workdays, which will ultimately fix an indicative price.
"We will finally submit the indicative price to the market regulator after averaging all biding prices from the eligible investors," said Khaled Farazi, managing director of BRAC EPL.
Tauhidul Islam Chaudhury, chairman of Generation Next, described the strengths of the business, while Javed Chaudhury, chief executive officer of the company, presented the company's fundamentals.
Officials of BRAC EPL Investments Limited, the issue manager of GNFL, said the company demanded Tk 40 premium for each of its shares of Tk 10.
"The indicative price of GNFL's shares will be approved by the stocks regulator after justifying the bidding prices, quoted by the institutional investors," Mr Khaled Yusuf Farazi said at the road-show.
GNFL will offload 30 million ordinary shares, of which, 60 per cent will be allotted for general public, 20 per cent for eligible investors, 10 per cent for mutual funds, and 10 per cent for non-resident Bangladeshis.
"In our stock market the participation of garment sector is very minimal, compared to other sectors. That's why GNFL plans to go public," Javed Chaudhury, chief executive officer of the company, said during his presentation.
"Our compliance standard is very high, and the company will share its profits with the investors," he added.
Thursday, October 7, 2010
HP Chemicals to float Tk 600m IPO
FE Report - October 07'2010 Thursday
BRAC EPL Investments Limited has recently signed an agreement with HP Chemicals Limited for providing Issue Management and Corporate Advisory service for the forthcoming IPO of the Company.
H P. Chemicals Limited is a hydrogen peroxide manufacturing company operating since 2005. The company is planning to raise about Tk 600 million from the local capital market under Fixed Price Method.
Khaled Farazi, Managing Director & CEO of BRAC EPL Investments Limited and Mr. M. Hafizur Rahman, Managing Director of H. P. Chemicals Limited signed the agreement on behalf of their respective companies.
Mr. Saiful Islam, Vice Chairman of BRAC EPL Investments Limited, Mr. Shameem Hussain. Chairman & Mr. Raquibul Kabir, Director & Vice Chairman of H. P. Chemical were present.
BRAC EPL Investments Limited has recently signed an agreement with HP Chemicals Limited for providing Issue Management and Corporate Advisory service for the forthcoming IPO of the Company.
H P. Chemicals Limited is a hydrogen peroxide manufacturing company operating since 2005. The company is planning to raise about Tk 600 million from the local capital market under Fixed Price Method.
Khaled Farazi, Managing Director & CEO of BRAC EPL Investments Limited and Mr. M. Hafizur Rahman, Managing Director of H. P. Chemicals Limited signed the agreement on behalf of their respective companies.
Mr. Saiful Islam, Vice Chairman of BRAC EPL Investments Limited, Mr. Shameem Hussain. Chairman & Mr. Raquibul Kabir, Director & Vice Chairman of H. P. Chemical were present.
Tuesday, October 5, 2010
Road show for price discovery of Energyprima Limited
Road show for price discovery of Energyprima Limited will be held in Radisson Water Garden Hotel on 19th October 2010. Eligible Institutional Investors[as per Securities & Exchange Commission (Public Issue) Rules 2006] can participate in the road show to discover the indicative price for issuance of 40,000,000 ordinary shares of Energyprima Limited through IPO under book building method.
ICB Capital Management Ltd. is the issue manager of this IPO.
The details of the road show are as follows:
OFFERING SUMMARY:
Public Offer : 40,000,000 Ordinary shares
Face Value : Tk. 10/- each share
Public Offer : 40,000,000 Ordinary shares
Face Value : Tk. 10/- each share
DETAIL OF ROAD SHOW:
Venue : Radisson Water Garden Hotel, Airport road, Dhaka
Date : 19th October 2010
Time : 10:00 A.M. to 12:00 PM
Venue : Radisson Water Garden Hotel, Airport road, Dhaka
Date : 19th October 2010
Time : 10:00 A.M. to 12:00 PM
SEC approves new IPO, right shares
The Securities and Exchange Commission has approved one new initial public offering and right shares of two listed companies.
“Mobil Jamuna Bangladesh Limited has got the approval of the commission to float IPO,” SEC executive director Anwarul Kabir Bhuiyan told journalists on Sunday.
MJBL will come to the capital market under the book building method and plans to raise Tk 508 crore.
The company plans to float 40 million shares with a face value of Tk 10.
Indicative price per share is proposed to be Tk 127, which means that the investors will bid for the share and the lowest price among the bidders will be fixed as the IPO price.
MJBL plans to buy land in Gulshan, build new plant and purchase tanker for Liquid Petroleum Gas Manufacture Limited at Khulna with the capital.
According to the financial statement of 2009, against each share with face value of Tk 10, the MJBL has income of Tk 2.45 and asset worth Tk 11.70.
The company has paid-up capital of Tk 140 crore and Prime Finance will work as the issue manager for MJBL.
Market regulator has also okayed issuance of right shares for Exim Bank and Agni Systems Limited.
Shareholders of both the issues will get one right share against two general shares.
For the issue of Exim Bank, there is no premium for the right shares and the face value will be Tk 10.
Agni Systems has decided to take Tk 10 from its share holders as premium and the price of the shares would be Tk 20.
The SEC has decided also to extend time for banks to separate their brokerage houses from their merchant banks until Nov 30.
Earlier, the market regulator asked all the banks to finish the separation by Friday (Oct 1).
Kabir told reporters any bank failing to complete the separation will face ‘serious actions’.
“The SEC will cancel margin loan facility for the clients of those brokerage houses and the merchant banks if the bank fails to finish the separation by that time,” he added.
Source: bdnews24.com
