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  • Ring Shine Textiles IPO Details

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    Tanzir Hasan
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    Ring Shine Textiles Ltd manufactures and markets gray and finished fleece fabrics and dyed yarn for the garment industry in Bangladesh. The company is issuing 150 million shares through an IPO to raise 1.5 billion taka, most of which will be used to acquire new machinery and equipment and repay loans. Key details include a security trading code of RINGSHINE, IPO dates of August 25 to September 9 2019, and an offer price of 10 taka per share.

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    Ring Shine Textiles Ltd manufactures and markets gray and finished fleece fabrics and dyed yarn for the garment industry in Bangladesh. The company is issuing 150 million shares through an IPO to raise 1.5 billion taka, most of which will be used to acquire new machinery and equipment and repay loans. Key details include a security trading code of RINGSHINE, IPO dates of August 25 to September 9 2019, and an offer price of 10 taka per share.

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    © All Rights Reserved
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    28 views1 page

    Ring Shine Textiles IPO Details

    Uploaded by

    Tanzir Hasan
    Ring Shine Textiles Ltd manufactures and markets gray and finished fleece fabrics and dyed yarn for the garment industry in Bangladesh. The company is issuing 150 million shares through an IPO to raise 1.5 billion taka, most of which will be used to acquire new machinery and equipment and repay loans. Key details include a security trading code of RINGSHINE, IPO dates of August 25 to September 9 2019, and an offer price of 10 taka per share.

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    of 1

    Ring Shine Textiles Ltd.

    (As per Prospectus)

    The principal activities of the Company is engaged in manufacturing and


    Nature of Business marketing of gray and finished fleece fabrics of various qualities and dyed yarn
    to Garment industry in Bangladesh.
    The Principal products of Ring Shine Textiles Ltd. (RSTL) are gray & finished
    fleece fabrics of various qualities and dyed yarn. The Company dyes different
    Principal Products/Services
    types of yarn and fleece fabrics by receiving order from 100% export oriented
    Garments industries in Bangladesh.
    Security Trading Code RINGSHINE
    BSEC’s Consent for IPO July 29, 2019
    Issue Date of Prospectus July 31, 2019
    Subscription Open August 25, 2019
    Subscription Close (Cut-off Date) September 09, 2019
    Authorized Capital Tk. 4,400,000,000.00
    Pre-IPO paid-up Capital Tk. 2,850,548,200.00
    IPO size in shares 150,000,000
    IPO size in Tk. at face value Tk. 1,500,000,000
    IPO size in Tk. at offer price Tk. 1,500,000,000
    Post IPO Paid-up Capital Tk. 4,350,548,200.00
    Face Value per share Tk. 10.00
    Offer Price per share Tk. 10.00
    Market Lot (Shares) 500
    Foreign Currency required for NRB
    USD 59.71 or GBP 49.26 or EUR 53.81
    and Foreign Applicants (per lot)
    Acquisition of Machineries & Equipments 964,000,000 (64.27%)
    Loan Repayment 500,000,000 (33.33%)
    Use of IPO Proceeds IPO Expenses 36,000,000(2.40%)
    Total 1,500,000,000 (100.00%)
    NAV per share Tk. 23.17 as on June 30, 2018
    Earnings per Share (EPS) Tk. 1.99 for the year ended on June 30, 2018
    AFC Capital Limited
    Issue Managers
    CAPM Advisory Limited
    Auditor Mahfel Huq & Co
    Website www.ringshine.com

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