Aman Cotton Fibrous Limited

Nature of business Aman Cotton Fibrous Limited is engaged in manufacturing of high quality combed and carded yarn from raw cotton ranging from 20”s to fine 40”s which has a huge demand in the market. Most of its clients are export-oriented knit garment manufacturing companies. As a result, its sales are deemed as export. At present, the company has 30,960 spindles capable of manufacturing 6,780 MT of yarn per year.
Reason for IPO VISION: “To be recognized by the customers as the market leader for quality ring spun yarn production and superior service to the customers.” MISSION: “To deliver promised quality and endeavor towards better research, innovation, and development. To be a trusted brand for the customers, suppliers, and employees.” GOAL: “To be acknowledged as a sustainable, valued supplier and trusted partner in the field of knitting & weaving in our community.
Subscription open 03 Jun 2018
Subscription close 10 Jun 2018
Subscription close for NRB 03 Jun 2018 to 10 Jun 2018
Offer price Tk. 36.0
Face value per share Tk. 10.0
Market lot 100 units
Single lot price Tk. 3600.0
EPS weighted average of EPS was Tk 3.49.
NAV As per the financial statement for the year ended on June 30, 2016, the company’s net asset value (NAV) stood at Tk 35.63 per share (with revaluation) and Tk. 32.31 per share (without revaluation
Public offer
Major product Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 13 February 2018. The companies will raise a fund worth Tk. 800.00 million for the purpose of capital machinery purchase, bank loan paid along with bearing the IPO cost. NOS. OF SHARE OFFER For EI: 1,25,00,000 NOS. OF SHARE OFFER For INDIVIDUAL INVESTORS: 83,33,333 Total VALUE OF IPO: Tk. 799,999,988/= INDIVIDUAL INVESTORS IPO VALUE: Tk. 299,999,988/= FACE VALUE: Tk. 10/= PREMIUM VALUE: Tk. 36/= MARKET LOT: 100 TOTAL PRICE: TK. 3,600.- SHARE ALLOTMENT: Individual Investors =83,333 lot. 20% of the securities for general public shall be reserved for Affected Investors.
Issue Manager ICB Capital Management Ltd. working as the manager to the issue.
Website www.amancotton.com

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