Pacific Denims Limited IPO Information
Pacific Denims Limited IPO Information found here. Pacific Denims Limited IPO Lottery draw result has been published on 10 January 2017 & found here. Public offer for application of Pacific Denims Limited from 11 December 2016 to 19 December 2016. IPO or an Initial Public Offer (IPO) is the first sale of a stock by a private company to the public company. In this way, a company can increase money by issuing either debt or equity. IPO or Share market inauguration is a type of public offer in which shares of a company generally are sold to the predictable investors that in turn, sell to the general public by a securities exchange for the first time.
In this way, a private company converts into a public limited company. IPOs are often issued by smaller or newer companies seeking the funds or capital to expand, but can also be done by large privately-owned companies looking to become in public traded.
Pacific Denims Limited IPO Information At a Glance
Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Pacific Denims Limited on 1st September 2016 on his 582nd meeting. The company has expressed its intention to collect Taka 75 crore from the capital market offering 7 Crore 50 Lac ordinary shares to issue share prices at Taka 10 as face value. The company’s earning per shares (EPS) Taka 2.63 and net asset value (NAV) Taka 26.43 according to the financial statement for the year ending on 31 December 2015. AFC Capital Limited has acted on behalf of for the company’s issue managers. The company will spend the capital for Business expansion, Loan repayment and IPO related other relevant expenses.
Pacific Denims Limited as per Prospectus
PACIFIC DENIMS LIMITED
(Subscription Open: December 11, 2016, Close: December 19, 2016)
Share Value: Taka 10/Per Share
Lot Distribution: 500
Total Value Taka = 5,000
Eligible Investor (EI) (20%) = 30,000 Lot
Mutual Fund (MF) (10%) = 15,000 Lot
General Public (40%) = 60,000 Lot
Affected Investors (20%) = 30,000 Lot
Non-Residential Bangladesh (NRB) (10%) = 15,000 Lot
Total Lot 100% = 150,000 Lot
Total Share = 7 Core 50 Lac
Earnings per Share (EPS): 2.63
Net Asset Value (NAV): 26.43
According to the financial statement for the year ending on 31 Decmber 2015.
Issue Manager: AFC Capital Limited
Pacific Denims Limited IPO Information and Overall Features
Pacific Denims Limited is going to be a public limited company. Pacific Denims Limited is clothing manufacture factory that produces readymade garments and Denims fabric in the world. Based in Pacific Integrated Industrial Park Ltd. Munshigonj, it is currently the largest mill in the Denims industry. Produces the most fashionable Denims fabrics and garment products. It has comprehensive and resourceful manufacturing facilities in Bangladesh. Pacific Denims earned fame and honored at home and abroad as one of the top clothing companies in Bangladesh. In garments industry, we are imprinting our footsteps by Denims products. The company is moving forward to create a history in the Bangladesh garment industry. It has the successful history with customers and buyers by the trust. Those trust standards give us courage and confident that is why the company produces 260000 ps of woven garments per month with the assortment of the infant to adult men and women.
Exporting Countries of Pacific Denims Products
Pacific Denims Limited exports 100% Export oriented Jeans/Denims fabric products in many countries in the world. It exports garments products to the buyers and his main buyers are Mark & Spancer, Tesco, Zara, H&M, Wal-mart, garments Exporter.
Pacific Denims Limited of Pacific Group
Pacific Denims Limited is a sister concern of Pacific Group. It’s another business units are as:
- Pacific Denims Limited
- Pacific Company BD Limited
- Disney Properties Limited
- Pacific Aviation
- Pacific Automobiles Limited
- Wilson Cold Storage Limited
- Pacific Food Products
You can also get the IPO Information from the official website of Pacific Denims Limited i.e. www.pacificgroupbd.com
You can also download Pacific Denims Limited IPO Information from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php