Dhaka, Bangladesh (BBN)- The public subscription National Feed Mill Limited (NFML) will begin this month while public subscription of C & A Textiles Ltd and IFAD Autos Ltd will be held next month.
 
National Feed Mill: The public subscription will begin from October 26 and remain open till October 30 for resident Bangladeshi and it will continue till November 8 for non-resident Bangladeshi (NRB).
 
Using the fixed price method, National Feed Mill Ltd will offload 18 million ordinary shares at an offer price of BDT 10 and raise a fund worth BDT 180 million from public.
 
The fund raised through the IPO will be used for repayment of bank loan and expansion of business along with boosting working capital, according to the company’s IPO prospectus.
 
As per the audited financial statement for the year ended on June 30, 2013 the earnings per share (EPS) and net asset value (NAV) of the National Feed Mills are BDT 1.85 and BDT 14.55 respectively.
 
ICB Capital Management and PLFS Investments will jointly manage the National Feed Mill’s IPO.
 
The company engaged in manufacturing of all kinds of feed for poultry, shrimp, fishery & cattle, according to the company’s IPO prospectus.
 
C & A Textiles: The public subscription of C & A Textiles Ltd will begin from November 9 and remain open till November 13 for resident Bangladeshi and it will continue till November 22 for non-resident Bangladeshi (NRB).
 
The textile maker will raise a fund worth BDT 450 million by offloading 45 million ordinary shares at an offer price of ten taka each under the fixed price method.
 
In accordance with the audited financial statement for the year ended on December 31, 2013, the company’s earning per share (EPS) and Net Asset Value (NAV) are BDT 1.78 and BDT 18.38 respectively.
 
AFC Capital and Imperial Capital are working as issue managers of the C & A Textiles’ IPO.
 
IFAD Autos: The public subscription of IFAD Autos Ltd will begin from November 23 and remain open till November 27 for resident Bangladeshi and it will continue till December 6 for non-resident Bangladeshi (NRB).
 
The securities regulator gave the green light to IFAD Autos to raise BDT 637.5 million from public on September 18. The automobile dealer plans to float 21.25 million ordinary shares of BDT 10 each at an offer price of BDT 30, including BDT 20 as premium.
 
Banco Finance and Investment and Alpha Capital Management will manage the initial public offering, the proceeds of which would be used for business expansion and bank loan repayment.
 
The company’s earnings per share as of June stood at BDT 5.16 and revalued net asset value per share BDT 44.12.

BBN/SSR/AD-12Oct14-11:45 am (BST)