Wednesday, October 2, 2013

IPO of Mozaffor Hossain Spinning Mills Limited

Mozaffar Hossain Spinning Mills Limited
(As per abridged version of Prospectus)

Nature of Business:
 Mozaffar Hossain Spinning Mills Limited runs the business of 100% export oriented woven bricks fabrics cotton yarn

Major Product:
The single product that MHSML produces is yarn which is marketed in the foreign and local markets

Subscription Open November 03, 2013
Subscription Close November 07, 2013
Subscription period for NRB November 03, 2013 to November 16, 2013

Authorized Capital Tk. 1,000,000,000
Pre- IPO paid-up Capital Tk. 349,750,000
IPO size in shares 27,500,000
IPO size in Tk. at face value Tk. 275,000,000
IPO size in Tk. at offer price Tk. 275,000,000
Post IPO Paid-up Capital Tk. 624,750,000

Face Value per share Tk. 10.00
Offer Price per share Tk. 10.00
Market Lot (Shares) 500

Use of IPO Proceeds Proceeds from IPO of Tk. 261,495,000 will be utilized to Pay-off Bank Loan and to meet IPO Cost of Tk. 13,505,000

NAV per share Tk. 19.56 as on December 31, 2012
EPS Tk. 2.78 for the year ended on June 30, 2012 and the same Tk. 0.73 for the period ended on December 31, 2012

Issue Manager Alpha Capital Management Limited
Co-Issue Manager AFC Capital Limited
Auditors AHMED ZAKER & CO.
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