Nurani Dyeing & Sweater Limited

Nurani Dyeing & Sweater Limited

Nurani Dyeing & Sweater Limited (As per Prospectus) Nature of Business 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. Major Product The Company has two major products: 1. Sweaters knitted  from knitting section 2. Dyed Yarn from dyeing   section Security Trading Code NURANI BSEC’s Consent for IPO March 2, 2017 Issue Date of Prospectus March 07, 2017 Subscription Open April 02, 2017 Subscription Close (Cut-off  Date) April 10, 2017 Authorized Capital Tk. 1,000,000,000 Pre-IPO paid-up Capital Tk. 400,000,000 IPO size in shares 43,000,000 IPO size in Tk. at face value Tk. 430,000,000 IPO size in Tk. at offer  price Tk. 430,000,000 Post IPO Paid-up Capital Tk. 830,000,000 Face Value per share Tk. 10.00 Offer Price per share Tk. 10.00 Market Lot (Shares) 500 Foreign Currency required for NRB and Foreign Applicants (per  lot) USD 63.22  or GBP 51.59 or EUR  59.92       Use of IPO Proceeds 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%) NAV per share Tk. 14.37 as on...
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