IPO subscription of National Feed begins today

The initial public offering (IPO) subscription of National Feed Mill Limited (NFML) begins today (Sunday) while public subscription of C & A Textiles Ltd and IFAD Autos Ltd will take place next month.
The public subscription of National Feed Mill remains open till October 30 for resident Bangladeshis and it will continue till November 8 for non-resident Bangladeshi (NRBs). The market lot is 500 shares.
The securities regulator -- Bangladesh Securities and Exchange Commission (BSEC)--approved IPO proposal of the National Feed Mill on August 26 this year.
As per the regulatory approval, National Feed Mill Ltd will offload 18 million ordinary shares at an offer price of Tk 10 and raise a fund worth Tk 180 million from public using the fixed price method.
The fund raised through the IPO will be used for repayment of bank loan and expansion of business along with boosting working capital, according to the company's IPO prospectus.
As per the audited financial statement for the year ended on June 30, 2013, the earnings per share (EPS) and net asset value (NAV) of the National Feed Mills are Tk 1.85 and Tk 14.55 respectively.
ICB Capital Management and PLFS Investments will jointly manage the National Feed Mill's IPO.
The company is engaged in manufacturing of all kinds of feed for poultry, shrimp, fishery & cattle, according to the company's IPO prospectus.
C & A Textiles: The public subscription of C & A Textiles Ltd will begin from November 9 and remain open till November 13 for resident Bangladeshi and it will continue till November 22 for non-resident Bangladeshi (NRB).
The securities regulator approved the IPO proposal of C & A Textiles on September 23 this year.
As per the regulatory approval, the textile maker will raise a fund worth Tk 450 million by offloading 45 million ordinary shares at an offer price of ten taka each under the fixed price method.
In accordance with the audited financial statement for the year ended on December 31, 2013, the company's earnings per share (EPS) and Net Asset Value (NAV) are Tk 1.78 and Tk 18.38 respectively.
AFC Capital and Imperial Capital are working as issue managers of the C & A Textiles' IPO.
IFAD Autos: The public subscription of IFAD Autos Ltd will begin from November 23 and remain open till November 27 for resident Bangladeshi and it will continue till December 6 for non-resident Bangladeshi (NRB).
The securities regulator gave the green light to IFAD Autos to raise Tk 637.5 million from public on September 18. The automobile dealer plans to float 21.25 million ordinary shares of Tk 10 each at an offer price of Tk 30, including Tk 20 as premium.
Banco Finance and Investment and Alpha Capital Management will manage the initial public offering, the proceeds of which would be used for business expansion and bank loan repayment.

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