VFS Thread Dyeing Limited
Nature of business
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The principal activities of the Company are to carry on the business of dyeing
and finishing of sewing thread of different types for 100 % export oriented
ready-made garments industries in Bangladesh.
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Reason for IPO
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Acquisition of Plant & Machinery 177,403,108 (80.64%)
Partial Repayment of Term Loan (Sonali Bank
Limited, Local Office)
25,092,728 (11.41%)
IPO expenses 17,504,164 (7.96%)
Total 220,000,000 (100%)
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Subscription open
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24 Jun 2018
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Subscription close
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02 Jul 2018
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Subscription close for NRB
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24 Jun 2018
to 02 Jul 2018
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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. 2.25 for the period ended on June 30, 2017
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NAV
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Tk. 19.90 as on June 30, 2017
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Public offer
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|
Major product
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Principal products of the company are given below:
? Spun Polyester Yarn
? Poly Core Spun
? Textured Polyester (Synthetic Filament Yarn)
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Issue Manager
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Citizen Securities & Investment Ltd. and First Security Islami Capital & Investment Ltd.
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Website
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www.vfsthread.com
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