Simtex Industries Limited: IPO Information & Result

DOWNLOAD LOTTERY RESULT HERE: PUBLISHED

Stock Broker/Merchant Bank Code

General Public

Non-Residence Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

UPDATE: Total Applied 16.51 Times, General Applied 17.65 Times, Affected Applied 6.19 Times, NRB 3.96 Times, MF 42.86 Times.
The Bangladesh Securities Exchange Commission (BSEC) has taken a decision on there 553 no meeting held on 02.09.15 that Simte
x Industries Ltd. will take a subscription from 6 September’15 to 14 September’15 including NRB which was suspended before by BSEC.

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Simtex Industries Ltd.” on Tuesday 09 June 2015 on their 547 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 3.00 crore ordinary shares worth Tk 20 each including Tk. 10 as premium.

Company Information, IPO Application Form, Prospectus & Result:

COMPANY NAME:

Simtex Industries Limited (also called “SIL”) a new generation sewing solution and one of the biggest producers of Sewing Thread and Yarn Dyeing manufacturer in Bangladesh. SIL was registered as a private Company limited by shares with the RJSC, Bangladesh under Companies Act, 1994 and subsequently, it was converted into a public limited Company. SIL started its commercial operation from the Savar plant in 2009. Simtex Industries moved there current plant to Khagan, Birulia, Savar to utilize a more sophisticated and modern facility and get improved & increased production capacity, productivity and quality. (source: website)

NATURE OF BUSINESS:

Simtex produces various types of sewing solution are Poly Poly Core-Spun (PPC) Threads, Spun Polyester Threads, Filament Fiber, Cotton Thread, Embroidery Thread. To achieve optimum quality, Simtex uses best quality thread imported from China and dyes the thread under the supervision of experienced workforces. To maintain the consistency in terms of quality raw materials are collected from the same premium source. Considering Safety and Climate Production the Company is using the Dyes and Chemical from renowned Oeko-Tex Certified Dyes and Chemical manufacturers. The product of the Company is Oeko-Tex Standard 100 class-1 certified and Azo-Free too.

ADDRESS:

Simtex  Factory & Registered Office: Khagan, Birulia, Savar
Dhaka,-1314
Bangladesh.
Phone: +88 -02- 7748107, 7748108, 7748109, Email :  [email protected]
Web Address: www.simtexgroup.com

COMPANY EPS & NAV PER SHARE: As per company’s latest financial statement for the year ended on 30 June 2014 Simtex Industries Ltd. stands Earning Per Shares (EPS) at Tk. 3.33 and Net Assets Value (NAV) per shares Tk. 19.60 respectively.

ISSUE MANAGER: AFC Capital Limited & Imperial Capital Limited jointly working as the manager to the issue.

WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 9th June 2015. The Company will raise a fund worth Tk. 600.00 million for the purpose of Capital Investment, Bank Loan Repay, Working Capital Investment, and the IPO expenses meet from IPO proceeds.

NOS. OF SHARE OFFER: 300,00,000 
VALUE OF IPO: Tk. 600,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: 10/=
MARKET LOT: 300
SHARE ALLOTMENT: 60% =60,000 for General Public, 20%=20,000 for Small Affected, 10%=10,000 for NRB and 10%=10,000 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 date will start from 6 September,15 to 14 September,15 including NRB.

DOWNLOAD IPO FORM HERE:

Res. / Aff. / NRB Application Form

Stock Broker/Merchant Bank List

Simtex IPO List of Subscriber 

SIMTEX INDUSTRIES LIMITED: PROSPECTUS

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