Evince Textiles Limited IPO Result

Evince Textiles Limited IPO Result and Application Info. Evince textiles ltd Bangladesh gets IPO nod to raise 17 crore taka through initial public offering. Bangladesh Securities and Exchange Commission (BSEC) gave clearance to Evince Textiles Limited on 4th April 2016.

Evince Textiles Limited IPO Result

The company will issue over 17m ordinary shares said the regulator in a statement. Evince Textiles Limited IPO offer value of each share is Tk10. Its Earning Per Share (EPS) is Tk1.62 and Net Asset Value (NAV) Tk17.62, according to its audited report as of 2015.

This money they will utilise for purchasing machinery, strengthening capital base, factory construction and meeting IPO expense.

The BSEC also approved Tk35 crore debentures with six-year tenure of Wata Chemical. The characteristic of the debenture is full redemption and will have a one-year grace period. Each unit price of the debenture is Tk10.

Evince Textiles Limited IPO Issue Manager is LankaBangla Investments Limited.

Subscription details:

Evince Textiles Limited IPO Subscription will start from 2nd May and will colse at 12th May 2016.

ETL Subscription open:                  02 May 2016

ETL 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

Evince Textiles Ltd IPO Prospectus

Evince Textiles Limited Overview

Evince Textiles Limited (ETL) was incorporated as a Private Limited Company on June 03, 1999 and it was converted into a Public Limited Company on June 04, 2013.

The main activities of the company are concentrated in Manufacturing, Dyeing & Finishing of 100% deemed export oriented yarn dyed woven fabric and exporting the same as a deemed exporter.

ETL Lab Equipment Comprises:

  • Tensile strength tester for yarn and fabric
  • Martindale abrasion tester for abrasion and piling
  • SF 600X Spectrophotometer for color matching
  • WCrock Meter and Prespirometer for color fastness
  • Elmendorf tear strength tester
  • Washcator and precision tumble dryer for shrinkage testing

Evince Textiles Ltd Machinery Uses:

  • Singing and desizing from Oshtoff (Germany)
  • Stenter with 11 chambers from Santex (Germany)
  • Washing range from Ramisch Klienwefers (Germany)
  • Sanforising for shrinkage control from Cibitex (Italy)
  • Emerising from Comet (Italy)

Evince Textiles Limited Foreign Currency Exchange Rate

FC NAME

TT CLEAN RATE

[BD. TK]

FC REQUIRED FOR 500 Shares

US DOLLAR 1$ = 78.0000 64.11 US DOLLAR
POUND 1(£) = 110.9888 45.05 POUND
EURO 1(€) = 88.4288 56.55 EURO

Evince Textiles Limited IPO Lottery Result

Evince Textiles IPO Result will be available in here. When result will be published, we will upload in here as soon as possible.

Stock Broker/ Merchant Bank Code

General Public/Resident Bangladesh

Non-Residence Bangladesh(NRB)

Affected Small Investors

Mutual Fund

Distribution of Refund Warrant

Evince Textiles Limited Contact Address:

REGISTERED OFFICE

Plot-33, section 7, Mirpur.

Dhaka-1216, Bangladesh.

Phone: +88 02 9020491-5, +88 02 9004405

Fax: +88 02 9020490.

CORPORATE OFFICE

Lotus Kamal Tower One ( Level 12)

57, Joar Sahara C/A, Nikunja-2

New Airport Road, Dhaka-1229.Bangladesh.

Phone: +880-2-896 1552, 1553, 1554

Fax: +880-2-8961941

Email: evince@evincebd.com

Web Address: www.evincetextiles.com

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