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.
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
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 |