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IFAD Autos Limited

IFAD Autos Limited Ipo Lottery Result

The Bangladesh Securities Exchange Commission (BSEC) approved IPO ” Ifad Autos Limited” on Tuesday 18th September 2014 on their 527 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 2.12 crore shares at the price of Tk. 30 each with a premium of Tk. 20.

IFAD Autos Limited Download lottery result

Company Information, IPO Application Form, Prospectus & Result are as Under:

IFAD IFAD AUTOS LIMITED: COMPANY PROFILE

IFAD Autos Limited was incorporated in Bangladesh on February 17, 1988 as a Private Limited Company and was subsequently converted into a Public Limited Company on 30 September, 2011 with the Registrar of Joint Stock Companies and Firms in Bangladesh under the Companies Act, 1994. Its Certificate of Incorporation Number is C-17301(101)/88

NATURE OF BUSINESS

The principal activity and operation of IFAD Autos Limited is importing, marketing and body-building of different Models of Ashok Leyland’s vehicles in Bangladesh through its own marketing staffs, dealers and selling agents in different districts of the country. Types of vehicles include AC Buses, Deluxe Buses, Goods Trucks, Dump Trucks, and Prime Movers etc. Its customers group comprises both private and public sectors. IFAD has an integrated network for marketing its trade products. It appoints dealers for different districts for promoting the market of its imported vehicles. Presently, the company has sales outlet at Khulna, Rajshahi, Chittagong divisions which covers the districts viz. Jessore, Faridpur, Mymensingh, Rangpur, Commilla, Sylhet, etc. Dhaka and its adjoining areas are covered by its head office.

The capital structure of IFAD AUTOS Limited before and after IPO will be as under:

Particulars No of Shares Face Value (BDT) Amount (BDT)
Authorized Capital 200,000,000 shares @ Tk. 10.00 each 200,000,000 10 2,000,000,000
Issued and Fully paid up as per audited accounts as on 30 June, 2013 62,500,000 10 625,000,000
Stock dividend for the financial year 12-13* 31,250,000 10 312,500,000
Paid up Capital before IPO as on October 28, 2013 (As per Audited Accounts and Return of Allotment)** 93,750,000 10 937,500,000
Capital to be issued through IPO 21,250,000 10 212,500,000
Paid-up Capital (Post IPO) 115,000,000 10 1,150,000,000

*IFAD Autos Limited raised its paid up capital from Tk.625,000,000 to 937,500,000 with the consent of Bangladesh securities and Exchange Commission vide letter no. SEC/CI/CPLC (Pvt)-309/2011/2738 dated October 22, 2013.

USE OF PROCEEDS AND IMPLEMENTATION SCHEDULE:

The Proceeds from initial public offering (IPO) will be used in the following manner:

Particulars Amount Implementation schedule
Capital Expenditure for Assembling & Body Building Units 506,780,031 Within 1 year of receiving IPO proceeds
Bank Loan Repayment 93,283,969 Within 1 month of receiving IPO proceeds
IPO Expenses 37,436,000 Within 1 month of receiving the IPO proceeds
Total 637,500,000

*There is no contract covering any of the activities of the Company for aforesaid utilization of IPO proceed

ADDRESS:
IFAD Autos Corporate Address : Sonartori Tower (14th-17th floor)
12, Biponon Commercial Area Sonargaon Road
Dhaka-1000 Bangladesh
Phone: 880-2- 9632753-7
Hotline: +044-78009768
Email ADDRESS: contact@ifadgroup.com
WEB ADDRESS: www.ifadgroup.com

IFAD Autos Limited

LOTTERY RESULT DOWNLOAD HEAR: Lottery result will be available after draw.

Bank/Branch Code
General Public
Non Residence Bangladeshi (NRB)
Affected Small Investors
Mutual Fund
Distribution of Refund Warrant