Download Tosrifa Industries Limited IPO Application Form. Bangladesh Securities and Exchange Commission has approved the IPO (initial public offering) proposal of Tosrifa Industries Limited. The company will raise BDT 638,721,200 through issuance of 24,566,200 ordinary shares at an issue price of BDT 26 each including a premium of BDT 16 per share from the capital market of Bangladesh. The approval came at a commission meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC) on Tuesday.
Tosrifa Industries Limited IPO Result & Application Form Download
As per the regulatory approval, Tosrifa Industries, under the fixed price method, will offload above 24.56 million ordinary shares at an offer price of BDT 26, including a premium of BDT 16 for each Tk 10 share. In accordance with the company’s audited financial statement for the year ended on December 31, 2013, the earning per share (EPS) and net asset value (NAV) of Tosrifa Industries are BDT 2.49 and BDT 34.41 respectively. IDLC Investments Limited has been appointed the manager to the issue of Tosrifa Industries.
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Tosrifa Industries Limited is a 100% export oriented readymade knit garments manufacturing company. The company was incorporated on August 27, 2002. The company has knitting and sewing capacity through which it manufactures fabric from yarn and then produces readymade apparel. During 2013 and 2012 the company exported merchandize worth BDT 941.67 million and BDT 799.46 million respectively and made net profit worth BDT 85.89 million and BDT 80.43 million respectively. EPS of the company is BDT 2.49 for the year ended December 31, 2013 and Net Asset Value per share is BDT 34.41.
Tosrifa Industries Limited plans to setup a dyeing unit with the IPO Proceeds. The state of the art dyeing unit will have a capacity of 15MT per day. Total project cost is around BDT 1,400 million and out of this around BDT 610 million will be financed from IPO proceeds. Address: Tosrifa Industries Limited. House- 4/2A, Flat- 49, Munnu Nagar, Tongi, Gazipur, Dhaka, Bangladesh. Email- email@example.com. Download Tosrifa Industries Limited IPO Application Form