The Bangladesh Securities Exchange Commission (BSEC) approved IPO “IFAD Autos Ltd.” on Tuesday 18th September 2014 on their 527 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 2.12 crore shares at the price of Tk. 30 each with a premium of Tk. 20.
Company Information, IPO Application Form, Prospectus & Result are as Under:
COMPANY NAME: IFAD Autos Ltd. started out in 1985 as the pioneering company of IFAD Group.
BUSINESS: IFAD Autos Ltd. is top of autos company in Bangladesh. They currently supply double decker buses, CNG buses, covered vans, trucks and special vehicles like (DOST- which is an enterprise with Nissan Company Japan), which facilitate government service institutions and the entire transportation sector. The company took up the sole dealership from Ashok Leyland India and has been providing the nation with commercial vehicles since 1985. The company concentrates in supplying heavy duty vehicles that may ply on most underdeveloped regions of the country, which ultimately aides in the development of the entire country itself. Recently this company supplied over 20,000 vehicles to more than 1000 of organizations all over the country.
GROUP PARTNER’S: Ifad group partner’s are 1. Ifad Autos Ltd. 2. Ifad Enterprises Ltd. 3. Ifad Multiproducts Ltd. 4. Ifad Agro Complex Ltd.
IFAD Autos Corporate Address : Sonartori Tower (14th-17th floor)
12, Biponon Commercial Area Sonargaon Road
Phone: 880-2- 9632753-7
Email ADDRESS: email@example.com
WEB ADDRESS: www.ifadgroup.com
COMPANY EPS & NAV PER SHARE: As per financial statement for the year ended on 30 June 2014 the Company’s Earning Per Shares (EPS) Tk. 5.16 and re-valued Net Assets Value (NAV) Tk. 44.12 respectively.
ISSUE MANAGER: Banco Finance and Investment Ltd. and Alpha Capital Management Ltd. jointly working as the manager of the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 18th September 2014. The Company’s will raise a fund worth Tk. 637.50 million for the purpose of BUSINESS EXPANSION, REPAY BANK LOAN and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 21,250,000
VALUE OF IPO: Tk. 637,500,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Tk.20.-
MARKET LOT: 200
SHARE ALLOTMENT: 60% for General Public, 20% for Small Affected, 10% for NRB and 10% for Mutual Fund.
SUBSCRIPTION DATE: The Company’s subscription will be start from 23 November’14 to 27 November’14 and NRB till 6 December’14. Application Form Published.
LOTTERY RESULT DOWNLOAD HEAR: Publish.
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