Nature of Business
Active Fine Chemicals Ltd. was established in 2004 with a vision to share in local market for supply of bulk drug materials. The main objective of the company is to enter into fast growing pharmaceutical local market by providing highest quality products in the market at a competitive price.
Subscription Open September 14, 2010
Subscription Close September 20, 2010
For Non-Resident Bangladeshi September 14, 2010 to September 29, 2010
Authorized Capital Tk. 1,000 million Pre- IPO paid-up Capital Tk. 240 million. Post IPO Paid-up Capital Tk. 400 million. IPO size Tk. 160 million. Face Value Tk. 10.00. Offer Price Tk. 10.00 Market Lot (Share) 500
Use of IPO Proceeds Proceeds from IPO of Tk. 16,00,00,000/- will be utilized for settled of Janata Bank Ltd. term loan, supporting of Working Capital and IPO expenses. NAV per share Tk. 14.36 considering total number of shares 2,00,00,000 as on 31/12/2009. However, considering total number of shares 2,40,00,000 the same was Tk.11.97.EPS Tk 0.51 for 3 months period from October to December 2009.
Underwriters ICB Capital Management Ltd., Eastern Bank Ltd., Janata Bank Limited
Issue Manager Janata Bank Limited
Auditors Khan Wahab Shafique Rahman & Co.
Website www.afchem.com
