New Line Clothings Limited

Nature of business The principal activities of the company is to manufacture various kinds of woven Garments for both ladies and gents including trousers, shirts, children wear, gents wear, female wear, jackets, Sportswear, denim garments and marketing.
Reason for IPO Acquisition of Plant & Machinery 117,682,660 (39.23%) Extension of Factory Building 76,382,990 (25.46%) Loan Repayment (Partial) (Southeast Bank Ltd, Banani Branch) 90,000,000 (30.00%) IPO expenses 15,934,350 (5.31%) Total 300,000,000 (100.00%)
Subscription open 18 Feb 2019
Subscription close 28 Feb 2019
Subscription close for NRB 18 Feb 2019 to 28 Feb 2019
Offer price Tk. 10.0
Face value per share Tk. 10.0
Market lot 500 units
Single lot price Tk. 5000.0
EPS Tk. 1.90 for the period ended on June 30, 2018
NAV Tk. 33.46 as on June 30, 2018
Public offer
Major product Ladies and gent’s trousers, shirts, children wear, gents wear, female wear, towel, brassier, socks, hooks, buttons etc.
Issue Manager Banco Finance and Investment Limited, Sandhani Life Finance Limited & Southeast Bank Capital Services Limited

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