Nurani Dyeing & Sweater ltd IPO result

Nurani Dyeing & Sweater ltd IPO result will be published on 2nd May 2017. BSEC on Thursday approved Tk 43 crore initial public offering proposal of Nurani Dyeing and Sweater Limited. According to the Bangladesh Securities and Exchange Commission, Nurani Dyeing will issue 4.30 crore shares of the entity at an issue price of Tk 10, a BSEC press release said. Nurani Dyeing Ltd Limited has been published opening Public Offering Share (IPO), Subscription opening date from 2nd April 2017 to 10th April 2017 and Subscription closing date for NRB 10th April 2017.

The entity Nurani Dyeing will use the IPO fund for business growth including machineries and equipment purchasing, steel construction and civil construction, and for repayment of bank loans, it said. Nurani Sweater ltd IPO result will be published on our website and also Nurani Dyeing & Sweater ltd official website http://www.ndsl-bd.com. Nurani Dyeing Ltd IPO result will be published on our website.

Nurani Dyeing Sweater ltd IPO result 2017

The Nurani Dyeing & Sweater ltd has built-up a highly promising 100% export oriented Yarn dyeing and sweater knitting industry. Nurani Dyeing & Sweater ltd aspires to found itself as a leading manufacturer of agro based Textile products.

As per the Nurani Sweater Company’s audited financial statement for the year ended on June 30, 2016, net asset value per share of the entity was Tk 14.37, while last five years’ weighted average EPS (earnings per share) was Tk 1.79.

Nurani Dyeing & Sweater ltd IPO Issue Manager: Imperial Capital Limited, EBL Investments Limited and CAPM Advisory Limited

Nurani Dyeing & Sweater ltd Opening and closing date of subscription :
Opening date of subscription: April  02, 2017
Closing date of subscription: April 10, 2017

Nurani Dyeing Ltd Limited Authorized Capital  : Tk. 1,000,000,000 , Pre- IPO paid-up Capital Tk. 380,000,000 , Nurani Dyeing Ltd IPO size in shares 12,000,000 , Nurani Dyeing Ltd IPO size in Tk. at face value Tk. 120,000,000 , Nurani Dyeing Ltd Limited IPO size in Tk. at offer price Tk. 120,000,000 and Post IPO Paid-up Capital Tk. 500,000,000.

Nurani Dyeing & Sweater Ltd IPO Result Published

Bangladesh Nurani Dyeing Ltd IPO Result will be published on 2nd May, 2017. Nurani Dyeing & Sweater ltd IPO Result publishes may be May 2nd week 2017.

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non Residence Bangladeshi (NRB)

Eligible Investors (Pro Rata Basis)

Mutual Fund (Pro Rata Basis)

MARKET LOT: 500 SHARES

FC Name

TT Clean Rate (BDT)*

(as on 06 March 2017)

Required FC/Unit

Double

U.S. Dollar 1$= 79.1000 $63.22 $126.44
G.B. Pound 1 = 96.929235 51.59 103.18
Euro 1 = 83.4583 59.92 119.84

Nurani Dyeing & Sweater ltd IPO PROSPECTUS

Newbie Nurani Dyeing & Sweater ltd Face Value per share is Tk. 10.00, Offer Price per share Tk. 10.00 and Market Lot (Shares) 500 and Single lot price BDT= 5000.00. Nurani Dyeing Ltd Limited Earnings per share (EPS):  Tk 0.37 and Net asset value:   Tk 14.37.

Reason for IPO Acquisition of Brand New Machinery and Equipments 243,300,000 (56.58%) Steel Structure and Civil Construction 50,045,000 (11.64%) Partial Repayment of Term Loan 118,000,000 (27.44%) IPO Expenses 18,655,000 (4.34%) Total 430,000,000 (100.00%)

Nurani Dyeing Ltd Limited aims to position Bangladesh as top of excellence for innovation and development in the bio-pharmaceutical and chemical supply. The Company has two major products: 1. Sweaters knitted from knitting section 2. Dyed Yarn from dyeing section

The Company imports yarn from China, Indonesia and India. Then it produces Sweater after dyeing the imported yarn. In addition, the company also sales imported yarn after dyeing to the export oriented bonded factory.

Nurani Dyeing & Sweater Ltd Address:

Sonartori Tower(6th Floor), 12 Biponon C/A, Banglamotor,Dhaka-1000,Bangladesh.

Tel: +88-02-9632704 , Fax: +88-02-9632701 Email: nuranidyeingltd@gmail.com

As the issuer company is 100% export oriented Garments Company hence has no outlets. If you have any question about Nurani Dyeing & Sweater Ltd IPO then comment below or message us through our facebook page. We will reply as soon as possible.