Update: IPO Subscription will start from 31 March and continue to 9 April 19.
The Bangladesh Securities Exchange Commission (BSEC) approved IPO Coppertech Industries Limited on Wednesday, 26 December 2018 at their 670 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 20 crore by offloading around 2 crore shares at a price of Tk. 10 each share. Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Coppertech Industries Limited (CTIL)
Incorporation: The company was incorporated on 16 October 2012 as a private limited Company and was subsequently converted into a public limited company on 31 May 2018.
Commercial Operation: CTIL was started commercial operation in June 2014
Authorized Capital: Tk. 700,000,000 divided into 70,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 400,000,000 divided into 40,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 200,000,000 divided into 20,000,000 ordinary shares of Tk. 10.00 each
Management Body: 1) Mr. Zulfikar Ali, Chairman
2) Mr.Abbasi Adam Ali, Managing Director & CEO
3) Mr. Rashida Abbas, Director
4) Mr. Mustafa Shoeb, Director
5) Mr. Shoeb Adam Ali, Director
6) Mr. Dr. Abdul Basher, Director
7) Mr. Md. Abu Taleb, Independent Director
8) Mr. Dr. Mohammad Tareq, Independent Director
NAME OF SUBSIDIARIES:
COPPERTECH INDUSTRIES LIMITED EPS & NAV:
As per the financial statement for the year ended on June 30, 2018, the company’s net asset value (NAV) stood at Tk 12.06 per share (NAV without revaluation), whereas the EPS was Tk 2.60, Diluted EPS Tk. 1.03 and weighted average EPS Tk. 0.87.
MTB Capital Ltd. working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 26 December 2018. The companies will raise a fund worth Tk. 20.00 million for the purpose of Acquisition and installation of Plant & Machinery, Building and other civil work, Bank loan repayment & IPO expenses.
NOS. OF SHARE OFFER: 20,000,000
TOTAL VALUE OF IPO: Tk. 200,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=12,800 lot and 8% for Affected Investors=3,200 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”.
The Company’s Subscription will start from 31 March’19 and continue to 9 April 19.
DOWNLOAD IPO FORM HERE:
Coppertech Industries Ltd.: PROSPECTUS
DOWNLOAD COPPERTECH INDUSTRIES LIMITED LOTTERY RESULT HERE: Yet to be published
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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