IPO Application & Result (Aman Feed Ltd). Aman Feed Limited IPO Result will be published on 24th June, 2015. The Bangladesh Securities and Exchange Commission (BSEC) has approved the IPO (initial public offering) proposal of Aman Feed on 09 April 2015 which will raise Tk 720 million to expand its business and shore up capital.
The principal activities of Aman Feed Mills Ltd. are to carry on the business of Manufacture, distribute and sale of poultry feed, fish feed, shrimp feed, cattle feed, etc.
The Bangladesh Securities and Exchange Commission (BSEC) has also asked the stock exchanges to continue trading of 1st ICB Mutual Fund (MF), whose maturity period ended on March 31 last until no new order is issued.
Aman Feed Ltd IPO result
The decisions were taken at a commission meeting held Thursday.
Under the Companies Act, 1994, Aman Feed Limited (AFL) was included on February 07, 2005 as a Private Limited Company with the registration number C-55783(2466)/05. The Company commenced its commercial production on July 12, 2006 with relatively small size of operation and then, expanded its production capacity on regular basis over the years to meet the increased demand by installing mash unit and modifying Silo, dumping point and others machinery. The Company is primarily engaged in manufacturing and distribution of high quality Poultry Feed, Fish Feed, Shrimp Feed and Cattle Feed.
Presently, Production capacity of the Company is 10 MT/hour & estimated production capacity of 6000MT/month. Through its more than 200 (two hundred) dealers, the company reaches its customers or consumers through out the Country. The Registered office of the Company is at 9,Rajuk Avenue, MotijheelC/A, Dhaka-1000 and the factory is at Ratan Kawak, Ullahpara, Sirajgonj on a total land area of 284.00 decimals of its own. The factory was established with modern machineries imported from Germany. The Corporate Office of the Company is located at 2, Ishakha Avenue, Sector#6, Uttara , Dhaka-1230.
The Company will raise a fund worth Tk. 720.00 million for the purpose of expansion of business, long term loan paid, working capital and IPO expenses meet from IPO Proceeds.
NOS. OF SHARE OFFER: 20,000,000
VALUE OF IPO: Tk. 720,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: 26
MARKET LOT: –
SHARE ALLOTMENT: 60% for General Public, 20% for Small Affected, 10% for NRB and 10% for Mutual Fund.
Under the fixed price method, Aman Feed will pass on 20 million ordinary shares at an offer price of Tk 36, including a premium of Tk 26 for each Tk 10 share.
The company will expand its business, repay long term loan and bear the cost of IPO processing with the fund raised from public.
The company’s earning per share (EPS) and net asset value (NAV) per share are Tk 4.97 and Tk 30.77 respectively, according to the company financial statement that ended on June 30, 2014.
LankaBangla Investment is the issue manager of Aman Feed.
As per regulatory directive, eight MFs including the 1st ICB MF managed by the Investment Corporation of Bangladesh (ICB) will have to be redeemed in different phases.
The tenure of the 1st MF ended on March 31 and no trading of the units of the fund took place till Thursday as the regulator could not reach any final decision.
Meanwhile, the ICB has again sought time extension for its funds. And the regulator has sought legal opinion with regard to extension of term of ICB’s MFs.
Under such a situation, the BSEC Thursday asked the stock exchanges to continue trading of the units of 1st ICB MF until further instruction.
At the meeting held Tuesday, the securities regulator imposed penalties of Tk 0.1 million and Tk 0.7 million on Fareast Stocks & Bonds and Holy City Securities respectively for breaching securities rules.
The Company’s Web Address: www.amanfeed.com
The Company’s subscription date, prospectus and Application form will be available soon.
Aman Feed Ltd Lottery result will be available after Draw.
We will publish every details of IPO in our website.