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Eligible Investors (Pro Rata Allotment)
Mutual Fund (Pro Rata Allotment)
The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Pacific Denims Limited” on Thursday, 1st September, 2016 on their 582 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 7 crore 50 lac ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:
Pacific Denims Limited (also called PDL) is a sister concern of Pacific Group. Pacific denims Limited is a clothing manufacture factory who produces readymade garments and Denims fabric in the world. Based in Pacific Integrated Industrial Park Limited Munshigonj, it is currently the largest mill in the Denims industry.
PROCESS OF BUSINESS:
Pacific Denims Limited (PDL) is a 100% export oriented company produce most fashionable Denim fabrics and garment products in Bangladesh.
The Pacific Denims is the largest mill in the Denims industry in Bangladesh. It’s capacity almost 18 million yds in a year. PDL earned fame and honored at home and abroad as one of the top clothing companies in Bangladesh. In garments industry, PDL is imprinting its footsteps by Denims products. PDL is moving forward to create a history in the Bangladesh garment industry. PDL wrote down its successful history with customers and buyers by the trust. Those trust values give PDL courage and confident that is why PDL produces 260000 pcs of woven garments per month with the assortment of infant to adult men and women.
Pacific Denims is a sister concern of Pacific Group. Its another unit are a) Pacific Denims Ltd. b) Pacific Company Bd Ltd. c) Disney Properties Ltd. d) Pacific Still Mills Ltd. e) Pacific Aviation f) Pacific Automobiles Ltd. g) Wilson Cold Storage Ltd. and h) Pacific Food Product
PDL is an export oriented company and its main buyers are Mark & Spancer, Tesco, Zara, H&M, Wal-mart.
PDL manufacturing unit is situated at Munsigonj.
PACIFIC DENIMS LIMITED EPS & NAV:
As per company’s year ended financial statement on 31 December 2015, Pacific Denims Ltd. stands weight average Earning Per Shares (EPS) at Tk. 2.63 and Net Assets Value (NAV) per shares Tk. 22.59 calculated without revaluation and Tk. 22.43 calculated considering revaluation respectively.
AFC Capital Ltd. working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 1st September 2016. The Company’s will raise a fund worth Tk. 750.00 million for the purpose of Business Expansion, Loan repayment and IPO expenses meet from IPO proceeds.
NOS. OF SHARE OFFER: 750,00,000
VALUE OF IPO: Tk. 750,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk. 5,000.-
SHARE ALLOTMENT: 40% for General Public=60,000 lot, 20% Affected Investors=30,000 lot 20% for Eligible Investor (EI) = 30,000 lot, 10% for NRB = 15,000 lot and 10% for Mutual Fund = 15,000 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 start from 11 December 2016 to 19 December 2016.
PACIFIC DENIMS LTD. IPO FORM DOWNLOAD HERE:
PACIFIC DENIMS LTD.: PROSPECTUS