Evince Textiles Limited
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Nature of business
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The main activities of the company are concentrated in Manufacturing, Dyeing & Finishing of 100% cotton woven Fabric and exporting the same as a deemed exporter.
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Reason for IPO
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Civil Construction 25,426,788 (14.96%)
Machineries, Erection, Electrical
Fittings, Piping and Installation 114,289,058 (67.23%) Working Capital 15,583,654 (9.17%)
IPO Expenses 14,700,500 (8.64%) Total 170,000,000 (100.00%)
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Subscription open
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02 May 2016
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Subscription close
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12 May 2016
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Subscription close for NRB
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02 May 2016
to 12 May 2016
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Offer price
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Tk. 10.0
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Face value per share
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Tk. 10.0
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Market lot
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500 units
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Single lot price
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Tk. 5000.0
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EPS
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Tk. 1.62 for the year ended on December 31, 2015
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NAV
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Tk. 17.62 (including revaluation surplus) Tk. 14.07 (excluding revaluation surplus) as at December 31, 2015
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Public offer
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Major product
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The principal product of the Company is 100% deemed export oriented yarn dyed woven fabric in different constructions. The products are supplied to local garments industries, which are exported to European buyers.
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Issue Manager
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LankaBangla Investments Limited
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Website
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http://www.evincetextiles.com
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