Monday, June 18, 2012

IPO lottery result of Envoy Textiles Limited

Envoy Textiles Limited
(As per abridged version of Prospectus)
Nature of Business: The Company is a manufacturer of 100% export oriented denim fabric.
Major Product: Denim products featuring a wide range of yarns and weaves in various shades of indigo and black.
Subscription Open July 29, 2012
Subscription Close August 02, 2012
Subscription period for NRB July 29, 2012 to August 11, 2012

Authorized Capital Tk. 2,750,000,000.00
Pre- IPO paid-up Capital Tk. 1,000,000,000.00 (including private placement of Tk. 400,000,000.00).
IPO size in shares 30,000,000
IPO size in Tk. at face
value Tk. 300, 000, 000.00
IPO size in Tk. at offer price Tk. 900, 000, 000.00 (including premium of Tk. 600,000,000.00).
Post IPO Paid-up Capital Tk. 1,300,000,000.00
Face Value per share Tk. 10.00Offer Price per share Tk. 30.00 (including a premium of Tk. 20.00 per share).
Market Lot (Shares) 200

Use of IPO Proceeds:
Envoy Textiles Limited plans to expand its existing business by increasing its capacity of 24.00 million yards of denim fabrics per year by setting up a fully automated state of the art rope denim plant

NAV per share Tk. 37.62 (including revaluation reserve) as on September 30, 2011. Tk. 19.90 (excluding revaluation reserve) as on September 30, 2011.
EPS Tk. 4.42 for the year ended September 30, 2011.


Issue Manager Lead Issue Manager: Lankabangla Investments Limited
Co-Issue Manager: ICB Capital Management Limited
Auditors Ahmad & Akhtar
Website http://www.envoytextiles.com

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