LOTTERY RESULT DOWNLOAD HERE: Result Published.
The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Nurani Dyeing & Sweater Ltd.” on Thursday, 09th February 2017 on their 597 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 4.30 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:
Nurani Dyeing & Sweater Ltd. (also called NDSL) is a highly promising 100% export oriented Yarn dyeing and sweater knitting industry, incorporated on 14 December 2005 as a Private Limited Company and Lanching of plant on February 05, 2009 at his own premises and run by its Gas Generator Plant. Converted into a Public Limited Company on 07 December 2014.
NATURE OF BUSINESS:
The Company runs the business of 100% export oriented Sweater Industries to carry out the business of dyeing of yarn, knitting of various types of sweaters.
The products of NDSL are sold in international markets. Any economic recession, changes in tastes and fashions of the consumers, national income, and other related factors may cause to decline the market demand for the company products. Recent crises in few east European countries may decline the market demand for the company’s products.
NDSL applies the latest technology in the dyeing process in the production. The machinery and equipment of the company are also the latest invention in the sector which is imported from renowned manufacturers in the world.
NDSL is an export oriented company and its main buyers are Bluenotes’, Terranova, Caro and much more.
Nurani Dyeing & Sweater Ltd. situated in the middle of Dhaka-Chittagong Highway road. It’s manufacturing unit is situated at Fatepur, Feni, Bangladesh. Tel:+8801926996780.
Corporate Office: Sonartori Tower (6th Floor), 12 Biponan C/A, Banglamotor, Dhaka, Bangladesh.
Registered Office: Nurani Dyeing & Sweater Limited, 304 Sk. Mujib Road, Agrabad C/A, Chittagong, Bangladesh.
Web Address: www.ndsl-bd.com
NURANI DYEING & SWEATER LTD. EPS & NAV:
As per company’s year ended financial statement on 30 June 2016, Nurani Dyeing & Sweater Ltd. stands Net Assets Value (NAV without re-evaluation) per shares Tk. 14.37 and last five years weighted average Earning Per Shares (EPS) at Tk. 1.79.
Imperial Capital Ltd., CAPM Advisory Ltd. and EBL Investment Ltd. jointly working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 09th February 2017. The Company will raise a fund worth Tk. 430.00 million for the purpose of business expansion (ie purchase of machinery, equipment’s, steel structure and civil construction), Loan payoff and IPO expenses meet from IPO proceeds.
NOS. OF SHARE OFFER: 4,30,00,000
VALUE OF IPO: Tk. 430,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5,000.-
SHARE ALLOTMENT: 40% for General Public=34,400 lot, 20% Affected Investors=17,200 lot 20% for Eligible Investor (EI) = 17,200 lot, 10% for NRB = 8,600 lot and 10% for Mutual Fund = 8,600 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 02 April’17 to 10 April’17.
Nurani Dyeing & Sweater Ltd. IPO FORM DOWNLOAD HERE:
NDSL Successfully Application List: Dhaka Stock Exchange
NURANI DY. & SW. LTD.: PROSPECTUS
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