Ifad Autos Limited
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Nature of business
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The principal activity and operation of IFAD Autos Limited is importing, marketing and body-building of different Models of Ashok Leyland’s vehicles in Bangladesh through its own marketing staffs, dealers and selling agents in different districts of the country.
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Reason for IPO
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Proceeds from initial public offering (IPO) will be used for Capital Expenditure for Assembling & Body Building Units (Tk. 506,780,031), Bank Loan Repayment (Tk. 93,283,969) and IPO expenses (Tk. 37,436,000).
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Subscription open
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23 Nov 2014
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Subscription close
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27 Nov 2014
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Subscription close for NRB
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23 Nov 2014
to 06 Dec 2014
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Offer price
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Tk. 30.0
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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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200 units
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Single lot price
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Tk. 6000.0
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EPS
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Tk. 5.16 for the year ended on June 30, 2014
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NAV
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Tk. 44.12 including revaluation reserve and Tk. 27.29 excluding revaluation reserve as on June 30, 2014
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Public offer
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Major product
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The principal products and services of the IFAD Autos Limited are Vehicles& Body Building, Spare Parts and Fuel/Lubricants
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Issue Manager
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Banco Finance and Investment Limited and Alpha Capital Management Limited
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Website
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www.ifadautos.com
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