Evince Textiles Ltd IPO Result & Application Information

By   April 28, 2016

Evince Textiles ltd IPO Result 2016: Evince Textiles Ltd IPO Result will be Published 02 June 2016 in Dhaka at 10:00 A.M. The Bangladesh Securities and Exchange Commission (BSEC) approved Evince Textiles ltd. Evince Textiles ltd IPO result download now www.evincetextiles.com.

The Bangladesh Securities Exchange Commission (BSEC) gave clearance to Evince Textiles Limited on 4th April 2016.
on their 569 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 1.70 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:

Nature of business: The main activities of the company are concentrated in Manufacturing, Dyeing & Finishing of 100% cotton woven Fabric and exporting the same as a deemed exporter.

Reason for IPO: Civil Construction 25,426,788 (14.96%) Machineries, Erection, Electrical Fittings, Piping and Installation 114,289,058 (67.23%) Working Capital 15,583,654 (9.17%) IPO Expenses 14,700,500 (8.64%) Total 170,000,000 (100.00%)

Subscription open: 02 May 2016

Subscription close: 12 May 2016

Subscription close for NRB: 02 May 2016 to 12 May 2016

Offer price: Tk. 10.0

Face value per share: Tk. 10.0

Market lot: 500 units

Single lot price: Tk. 5000.0

EPS: Tk. 1.62 for the year ended on December 31, 2015

NAV: Tk. 17.62 (including revaluation surplus) Tk. 14.07 (excluding revaluation surplus) as at December 31, 2015

Major product: The principal product of the Company is 100% deemed export oriented yarn dyed woven fabric in different constructions. The products are supplied to local garments industries, which are exported to European buyers.

Evince Textiles Ltd IPO Prospectus

IPO Lottery Result of Evince Textiles ltd within just time. Evince Textiles ltd IPO Lottery Result links will be activated after providing result 2016.

LOTTERY RESULT: Probable date 02 June 2016.

Affected Form Download

* Stock Broker / Merchant Bank Code

* General Public

* Non-Residence Bangladeshi (NRB)

* Affected Small Investors

* Mutual Fund

* Distribution of Refund Warrant

Evince Textiles Limited (ETL) was incorporated as a Private Limited Company on June 03, 1999 under the Companies act 1994. It was converted into a Public Limited Company on June 04, 2013. According to the approved prospectus, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the total fabric requirement in the captive market is about 3 billion yards, of which roughly 85 to 90 percent is imported from countries such as China, India, Hong Kong, Singapore, Thailand, Korea, Indonesia and Taiwan. Fabric demand is increasing at an average rate of 20 percent per year.