Thursday, June 27, 2013

IPO Lottery Result of Fareast Finance & Investment Limited

IPO lottery will be published here when available.

(As per abridged version of Prospectus)
Nature of Business:
The company concentrates its activities for full payout leases and  term finances, extended on the basis of recovering the full capital cost of the asset/finance, plus imputed interest charges. The  company extends lease finance for all types of machinery,  equipment, household durables including vehicles for the purpose of
industrial, commercial, agricultural and personal use in Bangladesh   and also term finance to its clients within the purview of the Law.

Major Product:
Lease finance, Term finance, Short term finance, Consumer Credit  Scheme, Factoring, Bond discounting, Import finance, Bridge finance,  Deposit Scheme

Subscription Open July 14, 2013
Subscription Close July 18, 2013
 Subscription period for   NRB July 14, 2013 to July 27, 2013

Authorized Capital Tk. 2,000,000,000
Pre- IPO paid-up Capital Tk. 1,150,617,860
IPO size in shares 45,000,000
IPO size in Tk. at face
value Tk. 450,000,000
IPO size in Tk. at offer
price Tk. 450,000,000
Post IPO Paid-up Capital Tk. 1,600,617,860
Face Value per share Tk. 10.00
Offer Price per share Tk. 10.00
Market Lot (Shares) 500

Use of IPO Proceeds:
The net proceeds will strengthen the capital base and liquidity of the
Company. Besides, it will augment business expansion as net
proceeds of the present issue of 45,000,000 ordinary shares of Tk.
10.00 each at par, totaling Tk. 450,000,000 would be utilized in the
normal business operations such as investment, industrial
development, leasing, lending, refinancing etc.

NAV per share Tk. 16.57 as on December 31, 2011.
EPS Tk. 1.04 for the year ended December 31, 2011.

Issue Manager Grameen Capital Management Limited

Auditors Ahmed Zaker &  Co.

Website http://www.ffilbd.com

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