IPO News of Argon Denims Limited

Public Notice

Re-opening of Subscription Period of Initial Public Offering (IPO) of Argon Denims Limited.

This is for information of all concerned that SEC has approved the re-opening of subscription of Argon Denims Limited at a discounted offer of issue price of Tk. 35 per share, including premium of Tk. 25 each in 449th Commission meeting held on 16.10.2012. The approved subscription date of “Argon Denims limited” is for General Public from 26.11.2012 to 02.12.2012 and for NRB from 26.11.2012 to 11.12.2012 respectively.


For Argon Denims Limited
Sd/-
Itrat Husain FCMA, FCS
Company Secretary

Regulator approves ARGON DENIMS LTD IPO

The Securities and Exchange Commission has approved the Initial Public Offering (IPO) to raise Tk 105 crore. Argon Denims Ltd’ will float 3, 00, 00,000 ordinary shares of Tk 10 each at an offer price of Tk 35, including a premium of Tk 25.
The company will use the IPO proceeds for expansion and purchase of new machinery and to meet its working capital requirement.
The company’s earnings per share (EPS) was Tk 5.46 as per the 2011 Financial Statements. LankaBangla Investments Ltd. and Satcom IT Ltd. have been appointed as Issue Manager and Post Issue Manager respectably by Argon Denims Ltd.

FOREIGN CURRENCY CONVERSION
 

FC NAME

TT CLEAN RATE (BD TK.)
FC REQUIRED FOR 200 SHARES
US DOLLAR ($)
1$ =
81.1000
86.32
US DOLLAR
POUND (?)
1? =
129.6459
54.00
POUND
EURO (€)
1€ =
104.5397
66.97
EURO
       
(TT Rate – 26-11-2012)
FC
Rate
200 Shares
or 1 Lot
   
1 US $
81.1000
86.32
   
1 UK £
129.6459
54.00
   
1 EU €
104.5397
66.97
   
         
Shares
US $
UK £
EU €
TK.
200
86.32
54.00
66.97
7,000.00
400
172.64
108.00
133.94
14,000.00
600
258.96
162.00
200.91
21,000.00
800
345.28
216.00
267.88
28,000.00
1000
431.60
270.00
334.85
35,000.00
1200
517.92
324.00
401.82
42,000.00
1400
604.24
378.00
468.79
49,000.00
1600
690.56
432.00
535.76
56,000.00
1800
776.88
486.00
602.73
63,000.00
2000
863.20
540.00
669.70
70,000.00
2200
949.52
594.00
736.67
77,000.00
2400
1,035.84
648.00
803.64
84,000.00
2600
1,122.16
702.00
870.61
91,000.00
2800
1,208.48
756.00
937.58
98,000.00
3000
1,294.80
810.00
1,004.55
105,000.00
3200
1,381.12
864.00
1,071.52
112,000.00
3400
1,467.44
918.00
1,138.49
119,000.00
3600
1,553.76
972.00
1,205.46
126,000.00
3800
1,640.08
1,026.00
1,272.43
133,000.00
4000
1,726.40
1,080.00
1,339.40
140,000.00
4200
1,812.72
1,134.00
1,406.37
147,000.00
4400
1,899.04
1,188.00
1,473.34
154,000.00
4600
1,985.36
1,242.00
1,540.31
161,000.00
4800
2,071.68
1,296.00
1,607.28
168,000.00
5000
2,158.00
1,350.00
1,674.25
175,000.00
5200
2,244.32
1,404.00
1,741.22
182,000.00
5400
2,330.64
1,458.00
1,808.19
189,000.00
5600
2,416.96
1,512.00
1,875.16
196,000.00
Full Prospectus
IPO application for Resident Bangladeshi
IPO application for Non-Resident Bangladeshi
IPO application for Affected Small Investors

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