The Bangladesh Securities Exchange Commission (BSEC) approved IPO Ring Shine Textiles Limited on Tuesday, 12 March 2019 at their 679 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 150 crore by offloading around 15 crore shares at a price of Tk. 10 each share. Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Ring Shine Textiles Limited (RSTL)
Incorporation: The company was incorporated on 28 December 1997 as a private limited Company and was subsequently converted into a public limited company on 08 June 2017.
Commercial Operation: RSTL was started commercial operation on August 1998
Authorized Capital: Tk. 4,400,000,000 divided into 440,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 2,850,548,200 divided into 285,054,820 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 4,350,548,200 divided into 435,054,820 ordinary shares of Tk. 10.00 each
Management Body: 1)Mr. Sung Jye Min, Chairman
2) Mr. Sung Wey Min, Managing Director
3) Mdm. Hang Siew Lai, Director
4) Mr. Hsiao Hai He, Director
5) Ms. Sung Wen Li Angela, Director
6) Mr. Sung Chung Yao, Director
7) Mdm. Sheao Yen Shin, Director
8) Mrs. HsiaoLiu Yi Chi, Director
9) Mdm. Chuk Kwan, Director
10) Mr. Md. Neamul Hasan Kamal, Independent Director
11) Mr. Md. Hussain Shah Jawed, Independent Director
12) Mr. Mohammad Monirul Hoque, Independent Director
ABOUT THE COMPANY:
NAME OF SUBSIDIARIES:
Web Address: www.ringshine.com
RING SHINE TEXTILES LIMITED EPS & NAV:
As per the financial statement for the year ended on June 30, 2018, the company’s net asset value (NAV) without revaluation stood at Tk 23.17 per share and as per weighted average EPS Tk. 1.86.
AFC Capital Ltd. and CAPM Advisory Ltd. are jointly working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 12 March 2019. The companies will raise a fund worth Tk. 1500.00 million for the purpose of procurement and installation of Plant & Machinery for existing factory unit, partial repayment of Bank loan of the Company and to meet up the IPO expenses.
NOS. OF SHARE OFFER: 150,000,000
TOTAL VALUE OF IPO: Tk. 1,500,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=12,800 lot and 8% for Affected Investors=3,200 lot, 40% for Eligible Investor (EI) =16,000 lot, 10% for NRB = 4,000 lot and 10% for Mutual Fund =4,000 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 date and final prospectus coming soon.
DOWNLOAD IPO FORM HERE:
Ring Shine Textiles Ltd.: DRAFT PROSPECTUS
DOWNLOAD RING SHINE TEXTILES LIMITED LOTTERY RESULT HERE:
(Yet to be published)
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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