KDS Accessories Ltd. IPO

KDS Accessories Limited IPO Subscription Open: August 09 ' 2015 Subscription Close: August 20' 2015.
KDS Accessories Limited is the largest garments accessories producing company in Bangladesh. Since beginning, the company tried and accomplishes to provide the best quality of its services to its clients without any topsy-turvy state of affairs. DS Accessories Ltd. has received consent for raising of capital through Initial Public Offer (IPO) vide letter no. SEC/CI/IPO-217/2013/315 dated 8th July, 2015. The Company will raised a fund worth Tk. 240 million under fixed price method through 12 million of ordinary shares at an offer price of Tk. 20 (including a premium of Tk. 10 each) against Tk. 10 per share value. Tk. 150 million of this raised fund will be utilized for the expansion of the project balance Tk. 70 million will be utilized for repayment of bank loan and remaining Tk. 20 million will be utilized for IPO expenses.

Major Product :
The Company is engaged in production of different types of textile accessories like cartons, labels, tags, printings, narrow fabrics, elastics, heat transfer printing and button.

Use of IPO Proceeds :
Packaging Unit-3 150,000,000 (62.50%) Repayment of Bank Loan 70,000,000 (29.17%) IPO Expense 20,000,000 (8.33%) Total 240,000,000

Proposed Share :	12,000,000
Face Value :	10
Offered Value :	Tk. 20
Market Lot :	250
EPS :	Tk. 2.22

 
Issue Manager :
                             Alliance Financial Services Limited

NAV :
                            Revaluation Reserve : 21.85
                           Without Revaluation Reserve : 16.49