Simtex IPO

KDS Accessories Limited IPO Subscription Open: August 24 ' 2015 Subscription Close: September 01' 2015. 
 Simtex started its long and prosperous journey on a cloudy rainy day with a rather small infrastructural support in Mirpur, Dhaka with the goal of becoming the premier of sewing thread solution in Bangladesh. It never looked back ever since and grew rather drastically to meet the Company goal.The Company was registered as a private Company limited by shares with the Registrar of Joint Stock Companies and Firm Bangladesh, Dhaka under Companies Act, 1994 and subsequently it was converted into a public limited Company. We moved to our current plant located at Khagan, Birulia, Savar to utilize a more sophisticated and modern facility and get improved productivity and quality. We started our commercial operation from the Savar plant in 2009. Yet again we set-up a full-fledged cotton yarn dyeing facility and increased our production capacity to double. Our growth rate in terms of both financially and production capacity wise is enormous.

Simtex's Vision: To become the market leader of the thread industry through the high productivity advanced technological innovation and absolute customer satisfaction by leveraging on the strengths of our well experienced professionals and infrastructural advantages within this decade.

Simtex's Mission: To strive meeting the challenging market needs of both export oriented and local market through a closer working relationship with business partners, innovative manufacturing process and maintaining a quality customer service.

To achieve optimum quality, simtex uses best quality thread imported from China and dyes the thread under the supervision of experienced work forces. To maintain the consistency in terms of quality raw materials are collected from the same premium source. Considering Safety and Climate Production the Company is using the Dyes and Chemical from renowned Oeko-Tex Certified Dyes and Chemical manufacturers. The product of the Company is Oeko-Tex Standard 100 class-1 certified and Azo-Free too. To stay on top of the game, we consider our suppliers more like our business partners. We understand the importance of a consistent and quality supply base in providing best quality products and services.

Use of IPO Proceeds :
Capital Investment 316,229,000 (52.70%) Bank Term Loan Pay-off [Trust Bank Limited, Millennium Branch] 200,000,000 (33.33%) Working Capital 65,271,000 (10.88%) IPO Cost 18,500,000 (3.09%) Total 600,000,000 (100%)

Issue Manager :
                AFC Capital Limited & Imperial Capital Limited

NAV :
               Revaluation Reserve : 19.60
               Without Revaluation Reserve : 15.99

                                                

Proposed Share :	30,000,000
Face Value :	10
Offered Value :	Tk. 20
Market Lot :	300
EPS :	Tk. 3.33