Evince Textiles Limited IPO Result be here. Evince Textiles Limited IPO lottery Result may be published on 02 June 2016 in Dhaka at 10:00 A.M. You will get Evince Textiles Limited IPO Result from our website as soon as it is published. Bangladesh Securities Exchange Commission has newly permitted IPO of Evince Textiles Ltd. Evince Textiles Limited IPO has been approved on 04 April 2016. It was BSEC’s 569 nos Board Meeting. The meeting was presided over by BSEC Chairman Prof. Dr. M Khairul Hossain. BSEC issued 1.70 crore ordinary shares which is worth Tk 10 each. Lanka Bangla Investment Ltd is the issue manager of the Evince Textiles Limited IPO. Evince Textiles Limited IPO subscription will begin from 2 May’16. Evince Textiles Limited IPO subscription deadline is 12 May’16 (Including NRB).
Evince Textiles Limited IPO Result
As per the Bangladesh Securities and Exchange Commission consent, Evince Textile will raise a fund value of which is BDT 170 million. The fund will be collected from the public following fixed price method. Evince Textile ltd will propose 17 million ordinary shares.
Evince Textile will make use of its IPO fund for buying machineries, building construction as well as increasing the company’s present capital as per the authoritarian agreement.
According to the financial statement of the year December 31, 2015, the company’s income per share (EPS) is BDT 1.62. The net asset value of Evince Textile ltd is BDT 17.62 per share.
Ex- president of BGMEA, Mr. Anwar-ul Alam Chowdhury is the chairman of the Evince Group.
Evince Textiles was made to order in 2003 with an aim to produce world-class premium fabrics in Bangladesh. Share allocation is 60 percent for General Public=20,400 lot, 10% for NRB = 3,400 lot 20% for Small Affected= 6,800 lot and 10 percent for Mutual Fund =3,400 lot.
Evince Textiles Limited IPO Result:
At the meeting, the securities regulatory body also permitted the proposal of debenture which is worth BDT 350 million to be issued by WATA Chemical.
The term of the debenture is six years. Its characteristics are non-convertible, exchangeable, non-cumulative as well as non-participative.
Res./Aff./NRB Application Form
Stock Broker/Merchant Bank List
ETL IPO List of Subscriber
Evince Textiles Limited IPO Application Form, Prospectus, Result and Company Information info is below:
EVINCE TEXTILES LTD EPS & NAV PER SHARE:
Evince Textiles Limited Earning Per Shares is Tk. 1.62.
Evince Textiles Limited Net Assets Value per share is Tk. 17.62.
ISSUE MANAGER: Lanka Bangla Investment Ltd.
Subscription starts: 2 May’16.
Subscription cut of date: 12 May’16.
Worth OF IPO: Tk. 170,000,000/=
NOS. OF share Offer: 1,70,00,000
Face value: Tk. 10/=
PREMIUM value: Nil
Marketplace Lot: 500
share allocation: 60% for General Public, 20% for Small Affected, 10% for NRB and 10% for Mutual Fund.
The Company will accumulate the IPO money according to BSEC new rule. The new rule is “Broker house ought to gather the IPO funds only”.
About Evince Textiles Ltd:
Evince Textiles Ltd also called ETL is a unit of Evince Group ever since 1983. Evince Group is regarded one of the top and most expanded independent manufacturing companies in the apparel and textile Industry of Bangladesh. Evince Textiles Ltd believes that the key strength of every business lies in good partnerships with the customers. Evince Textiles Ltd aims to work together hand in hand with the object to ensure both the maximum quality from output and establish long term valued relationships in the process. Evince Textiles Ltd was custom-built in 2003 with a objective to manufacture world-class premium fabrics in Bangladesh.
Currently ETL manufacture more than a million yards of cotton shirting fabrics each month. ETL production consists of 100% cotton yarn dyed shirting fabrics.
The existing yarn dyeing capacity is about 12,000 kg per day. ETL facility is completely set with a complete lab for shade matching as well as color development. The dyeing vessels are of most modern models along computerized control systems. Vessel capacities of ETL range from 5 kg to 400 kg. The Vessel is supported by a 400 kg pressure dryer. The sole mixture of small and large drying vessels add to key flexibility while handling many colors and quantities per batch.
ETL Lab equipment comprises:
- Tensile strength tester for yarn and fabric
- SF 600X Spectrophotometer for color matching
- Elmendorf tear strength tester
- Washcator and precision tumble dryer for shrinkage testing
- Martindale abrasion tester for abrasion and piling
- WCrock Meter and Prespirometer for color fastness
Evince Textiles Ltd 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 Ltd Associates are:
- 1 Evince Garments Ltd.
- 2 Evitex Fashions Ltd.
- Evince Dress Shirts Ltd.
- 5 Evitex Dress Shirts Ltd.
- 6 Argon Denims Ltd.*
- 7 Evince Accessories Ltd.
- Evitex Apparels Ltd.
Evince Textiles Ltd address:
Head Office: Plot-33, Section-7, Mirpur, Dhaka-1216, Bangladesh.
Sales Office: Lotus Kamal Tower (12th floor), 57 Joar Shara C/A,Nikunja-2, New Airport Road, Dhaka-1229.
Phone: +88-02-8961552-4, Fax: +88-02-8961941