Tosrifa Industries Limited: IPO Application Form And Result

LOTTERY RESULT DOWNLOAD HERE: Published

Bank/Branch Code

General Public

Non Residence Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

Distribution of Refund Warrant

UPDATE: Subscription deposited 6,703,694,000 ie 10.50% of offer value. In this value General Investor applied BDT 5,162,216,000, Affected Investor applied BDT 511,227,000, NRB Applied BDT 214,032,000 and Mutual Fund Applied BDT 816,218,000.

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Tosrifa Industries Limited” on Wednesday 10 February 2015 on their 538 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 2.46 crore ordinary shares worth Tk 10 each for Tk 26, with Tk 16 as premium. Please note that at present 38 textile companies are listed on the DSE,accounting for around 5% of the total market capitalization.

Company Information, IPO Application Form, Prospectus & Result:

COMPANY NAME: Tosrifa Industries Ltd. or called “TIL”, a flagship of Northern Tosrifa Group, established in the year of 2002 at Plot# 91, 4th & 5th Floor, Suhrawardy Avenue, Block# K Baridhara, Dhaka – Bangladesh.

NORTHERN TOSRIFA GROUP: Northern group is a group of companies from 1987; consist of knitting units, Dyeing & Fabric Finishing units and several garment manufacturing units-Northern Corporation Ltd & Fashion Asia Ltd etc. These companies are 100% export oriented, exporting the knit apparels all over the world, especially in the Europe market. The group is enlisted with BGMEA, BTMA and EPB.

BUSINESS: Tosrifa Industries Ltd. was formed in 2002. Situated on 4 acre parcel of land TIL is the flag ship of the group. The company has all the latest technology and is focused to produce best quality knit apparel items. Along with the usual BSCI and OEKOTEX 100 standard certificate, TIL is well on its way towards receiving the ISO 14000: Environmental Management Certificate. The factory operates with 1350 hard working employees producing 10 tons of grey fabric per day and 4.8 million sewing production minute per month with an annual turnover of USD 17 million (Source: website)

GROUP ASSOCIATES: Associate’s of  Northern Group are: 1. Northern Corporation Ltd. 2. Tosrifa Industries Ltd. 3. Fashion Asia Ltd. 4. Printers and Printers Ltd. 5. Enviro Pac Ltd. and 6. Hung Tak Northern Germants Ltd.

ADDRESS:
Nothern Tosrifa Group. Finance Office: Plot# 91, 4th & 5th Floor, Suhrawardy Avenue, Block# K, Baridhara, Dhaka-1212, Bangladesh.

Phone: +880 2 9816201, 880 2 9882516-7, 880 2 9882607, Fax: +880 2 9882610

E-mail[email protected]WEB ADDRESS: www.ntg.com.bd

Corporate Office: Holding No 4/2 A, Plot – 49 & 57 135 Gopalpur, Munnu Nagar,Tongi, Gazipur, Bangladesh,

Phone: 880 2 9817461-63, Fax:880 2 9817743 E-mail[email protected]

COMPANY EPS & NAV PER SHARE: As per financial statement for the year ended on 31 December 2013 the Company’s Earning Per Shares (EPS) Tk. 2.49 and Net Assets Value (NAV) per shares Tk. 34.41 respectively.

ISSUE MANAGER: IDLC Investment Ltd. working as the manager to the issue.

WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 10th February 2015. The Company’s will raise a fund worth Tk. 638.721 million for the purpose of ONGOING EXPANSION PROJECT AND IPO EXPENSES meet from IPO Proceeds.

NOS. OF SHARE OFFER: 24,566,200 

VALUE OF IPO: Tk. 638,721,200/=

FACE VALUE: Tk. 10/=

PREMIUM VALUE: Tk. 16/=

MARKET LOT: 200

SHARE ALLOTMENT: 60% for General Public, 20% for Small Affected, 10% for NRB and 10% for Mutual Fund.

SUBSCRIPTION DATE: The Company’s subscription will start from 24 March’15 to 31 March’15 and NRB till 09 April’15. Application form as under.

IPO FORM DOWNLOAD HERE:

Resident Bangladesh (RB) Form

Affected Form

NRB Form

Bank List

Stock Broker/Merchant Bank List

TOSRIFA INDUSTRIES LTD.: PROSPECTUS

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