Yeakin Polymer Limited IPO Information
Yeakin Polymer Limited IPO Information found here. Yeakin Polymer share transaction will be starting in the secondary market from 22 September 2016. Company Trading Code: YPL, DSE Company Code: 13241, 3rd quarter EPS (July 2015 to March 2016) is Taka 1.02. Previous year same time EPS was Taka 0.78. So EPS increase 31%. Subscription Open: July 10, 2016, Close: July 20, 2016. Yeakin Polymer Ltd IPO Lottery has been published on Wednesday 10 August 2016. Total Applied 44.55 Times, General 80.47, Affected 37.64, NRB 13.46, MF 72.67 and Institution Applied 17 Times.
Before BSEC has approved the initial public offering (IPO) of Yeakin Polymer Limited on his 573th meeting.
Yeakin Polymer Limited IPO Information At A Glance
Initial Public Offer (IPO) of Yeakin Polymer Limited. Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Yeakin Polymer Limited on his 573th meeting. The company has expressed its intention to collect Taka 20 crore from the capital market offering 2 Crore (Two Crore) shares to issue share prices at Taka 10 as face value. The company’s Earning Per Shares (EPS) Taka 1.41 and Net Asset Value (NAV) Taka 14.61 according to the audited financial statement of 30 June 2015. Imperial Capital Limited and FAS Capital Management Limited have acted on behalf of for the company’s issue managers. The company will spend the capital in buying machineries, setting up the administrative building and factory and other relevant divisions.
YEAKIN POLYMER LIMITED IPO INFORMATION AS PER PROSPECTUS
(Subscription Open: July 10, 2016, Close: July 20, 2016)
Share Value: Taka 10/Per Share
Lot Distribution: 500
Total Value Taka = 5,000
Lot Distribution (New Rules)
Institute (40%) = 16,000 Lot
Mutual Fund (MF) (10%) = 4,000 Lot
General Public (32%) = 12,800 Lot
Affected Investors (8%) = 3,200 Lot
Non-Residential Bangladesh (NRB) (10%) = 4,000 Lot
Total Lot = 40,000 Lot
Total Share = 2 Core
Earnings per Share (EPS): 1.41
Net Asset Value (NAV): 14.61
according to the audited financial statement of 30 June 2015.
Issue Manager: Imperial Capital Limited and FAS Capital Management Limited
Click here to Download Yeakin Polymer Limited as per Prospectus
Yeakin Polymer Limited an Overall Features
Yeakin Polymer Limited is one of the leading PP Woven bagging plant, an effort of vertically integrated modification of Yeakin Group. The Company has been incorporated on 8th February 2001 as a Public Limited Company with the permission of export and import permitted by Bangladesh Government. Have experience of production and trading of different types of woven bags/delivery bag such as PP/PE Liner, Nylon Bag, Shopping Bag, etc. both in the local and international market. Yeakin Polymer manufacturing unit is situated at Satkhira-Khulna in the southwest region of Bangladesh. The company also achieved certificates of ISO 14001:2004 and ISO 9001:2008 from Bureau of Assessment Services of Bangladesh. It is well linked by Highways with Chittagong and Mongla, two seaports in Bangladesh.
The Head Office of the company is located at 83, Sidheswari Circular Road, Manhattan Tower (6th Floor) Malibagh, Dhaka-1000. The unit has three phases of production manufacturing yarn from the Thermoplastic molding compound, weaving fabrics from yarns, Lamination of PP Woven Fabric and sewing then printing as the finished product.
You can also get the Yeakin Polymer Limited IPO Information from the official website of Yeakin Polymer LIMITED i.e. www.yeakingroupbd.com
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