Aman Tex Limited, a concern of Aman group, plans to go public through book building method to raise Tk200 crore for its business expansion.
Initially, the company plans to raise Tk200 crore from the capital market. Of which, Tk93.65 crore will be spent for machinery procurement, Tk32.66 crore for building construction,Tk66.66 crore for repayment of loan and Tk 7.03 crore for IPO expenses.
The road show of Aman Tex was held for potential investors at Radisson Blue Water Garden hotel yesterday as part of its plan for the initial public offering (IPO).
Aman Tex Managing Director Rafiqul Islam said on the occasion, "We always manage the company’s activities keeping in mind the interests of investors. All listed companies of Aman group are giving attractive dividends to its shareholders and will continue the trend in future."
Senior company officials said, current paid-up capital of Aman Tex is Tk80.37 crore, while total net asset value of the company is Tk29.45 crore.
Its net profit was Tk34.89 crore with earnings-per share of Tk4.34 in FY2017-18.
Aman Tex chairman Shafiqul Islam, Managing Director Rafiqul Islam, Director Toufiqul Islam and Independent Director Iftekhar-uz-Zaman were also present at the program.
Representatives of merchant banks and portfolio managers, asset management companies, mutual funds, stock dealers, banks, financial institutes, insurance companies, alternative investment fund managers, provident fund and commission approved companies senior officials also attended the road show.
The ICB Capital Management Limited and LankaBangla Investment Limited are working as the issue manager for the IPO.
A road show is a requirement under the book building regulations before price discovery of a company's shares.