New Line Clothings Limited: Company Information & IPO Result

  DOWNLOAD NEW LINE CLOTHINGS LIMITED LOTTERY RESULT HERE: published

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non-Residence Bangladeshi (NRB)

Eligible Investors

The Bangladesh Securities Exchange Commission (BSEC) approved IPO New Line Clothings Limited on Tuesday, 27 November 2018 at their 667 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 30 crore by offloading around 3 crore shares at a price of Tk. 10 each share. Company Information, IPO Application Form, Prospectus & Result is given below:

New Line Clothings Ltd.

COMPANY INFORMATION:

Company Name: New Line Clothings Limited (NLCL)
Incorporation: The company was incorporated in 23 May 2000 as a private limited Company and was subsequently converted into a public limited company on 30 September 2013.
Commercial Operation: NLCL was started commercial operation 1 March 2007
Authorized Capital: Tk. 1,000,000,000 divided into 100,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 399,000,000 divided into 39,900,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 300,000,000 divided into 30,000,000 ordinary shares of Tk. 10.00 each

Management Body: 1) Mr. Osman Khadem, Chairman
2) Mr. M. Zakir Chowdhury, Managing Director & CEO
3) Mr. Md. Asif Rahman, Director
4) Mr. Mashiul Haq Chowdhury, Director
5) Mr. Maruful Haque Chowdhury, Director
6) Sigma Technologies Ltd. (Nominee of Ali Mostafa), Director
7) Mr. Md. Saiful Islam Helaly, Independent Director
8) Mr. Syed Kamal Uddin, Independent Director

New Line Clothings Ltd.

ABOUT THE COMPANY:

The principal activities of the company is to manufacture various kinds of woven Garments for both ladies and gents including trousers, shirts, children wear, gents wear, female wear, jackets, Sportswear, denim, garments and marketing.
 

NAME OF SUBSIDIARIES:

The Company has no associates/subsidiary and related holding company.
 

ADDRESS:

Registered Office & Factory:

Plot No. 1945, Kauchuakuri, Kamrangachala, Mouchak, Kaliakair, Gazipur, Bangladesh.
Phone: +02-9297403, 02-9297415, 02-9297417
Fax: +88-02-9297405
Email – [email protected]
Web Address: www.newline.com.bd

NEW LINE CLOTHING LIMITED EPS & NAV:

As per the financial statement for the year ended on June 30, 2017, the company’s net asset value (NAV) stood at Tk 31.63 per share (with revaluation) and Tk. 20.52 per share (without revaluation), whereas the Basic EPS was Tk 1.85.

New Line Clothings Ltd.

ISSUE MANAGER:

Banco Finance And Investment Limited, Sandhani Life Finance Limited and Southeast Bank Capital Services Ltd. jointly working as the manager to the issue.

WHY PUBLIC OFFERING:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 27 November 2018. The companies will raise a fund worth Tk. 30.00 million for the purpose of Acquisition of Plant & Machinery, Extension of existing Factory Building, Partial repayment of long-term loan & for IPO expenses.

NOS. OF SHARE OFFER : 30,000,000
TOTAL VALUE OF IPO: Tk. 300,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=19,200 lot and 8% for Affected Investors=4,800 lot, 40% for Eligible Investor (EI) =24,000 lot, 10% for NRB = 6,000 lot and 10% for Mutual Fund =6,000 lot.

** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.

New Line Clothings Ltd.

SUBSCRIPTION DATE:

The Company’s Subscription will start from 18 February 19 to 28 February 19.

DOWNLOAD IPO FORM HERE:

Res./EI./NRB Application Form

New Line Clothing Ltd.: PROSPECTUS

 

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