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The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Information Technology Consultants Ltd.” on Tuesday 22 September 2015 on their 554 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 1.20 crore ordinary shares worth Tk 10 each.
Company Information, IPO Application Form, Prospectus & Result:
COMPANY NAME: Information Technology Consultants Ltd. (also called ITCL) established in 2000, ITCL is the local leader in the rapidly evolving arena of Electronic Payment & Transaction System. The Company has converted to Public Limited Company, registered under the Securities and Exchange Commission of Bangladesh, in 2009.
BUSINESS: ITC Limited provides to major Banks, Financial Institutions, Government organizations and retailers with an advanced infrastructure for Transaction Processing Services while operating one of the largest Bank drove independent ATM network in Bangladesh.
PRODUCT: ITCL always thrives and innovate new ideas to build a growing electronic transaction processing capacity in Bangladesh through further investment and R&D. Presently the company provides credit and debit card processing services, Q-cash ATM & POS sharing to more than 26+ Banks in the region, ATM sales & support, POS sales & support, KIOSK-Deposit machine sales & support, SMS Solution, Biometric Solution, Remittance management services and manages the most extensive shared ATM networks. Moreover, ITCL has arranged Network sharing facility with Dutch-Bangla Bank Limited Network & OMNIBUS Network.
ITCL provides total end-to-end card solution, banking technology, and information solution as well as solutions for card personalization, key management, ATM installation and maintenance and EFTPOS (Electronic Fund Transfer at Point Of Sales) machine installation and maintenance and the entire transaction processing. We also provide consultancy services to financial institutions to get certifications from Global Payment Card associations to assist them in getting issuing/acquiring licenses.
ITCL also operates with a rapidly rising number of ATM terminals strategically located across the country and the widespread of POS terminals at various Merchant locations and Bank branches to serve the Card transactions of our clients.
ITCL started its operation with proprietary Smart Cards, now extends to various International Brands and Proprietary labeled Credit, Debit, Prepaid, Remittance cards with Chip-based and MagStripe.
OBJECTIVE: ITC Limited has become one of our nation’s leading IT products and services firms. Our “customer first” philosophy ensures that we provide our clients with “the best IT services and solutions” possible to optimize their business performance and meet operational goals. We provide new and emerging technologies and leading-edge solutions consistently delivering best-of-the-best industry programs and practices. Our foundation of success was built upon our commitment to our customers and the many talented professionals that we employ. We continually invest in the development of our team members and provide a supportive environment in which they can work closely with clients and have a direct impact on their mission-critical programs. Fostering strong partnerships with our clients and employees has become an integral part of our success. At ITCL, we strive for 100% customer and employee satisfaction. [Source: Website]
CLIENTS & MEMBERS:
Office: Evergreen Plaza (3rd Floor) 260/B, Tejgaon, Dhaka 1208.
Phone: (+880-2) 983-0310, 983-0311-3, Fax: (+88-02) 983-0309
Web Address: www.itcbd.com
COMPANY EPS & NAV PER SHARE: As per company’s latest financial statement for the year ended on 30 June 2014 Information Technology Consultants Ltd. stands Earning Per Shares (EPS) at Tk. 1.04 and Net Assets Value (NAV) per shares Tk. 18.28 respectively.
ISSUE MANAGER: Beta one Investment Ltd. working as the manager to the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 22nd September 2015. The Company will raise a fund worth Tk. 120.00 million for the purpose of Business Expansion, Repayment of Loan, and the IPO expenses meet from IPO proceeds.
NOS. OF SHARE OFFER: 1,20,00,000
VALUE OF IPO: Tk. 120,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 60% for General Public, 20% for Small Affected, 10% for NRB and 10% for Mutual Fund.
** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.
SUBSCRIPTION DATE: The Company’s subscription will start from 2 November’15 and Cut off date 11 November’15 [Including NRB].
DOWNLOAD ITC LIMITED IPO FORM HERE:
INFORMATION TECHNOLOGY CONSULTANTS LTD.: PROSPECTUS
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