subject: IPO result of Active Fine Chemicals Limited [print this page] Bank code & Branch code, Result Bank code & Branch code, Result
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Nature of Business: Active Fine Chemicals Ltd. was established in 2004 witha vision to share in local market for supply of bulk drugmaterials. The main objective of the company is to enterinto fast growing pharmaceutical local market byproviding highest quality products in the market at acompetitive 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 ProceedsProceeds from IPO of Tk. 16,00,00,000/- will be utilizedfor settled of Janata Bank Ltd. term loan, supporting ofWorking Capital and IPO expenses.
NAV per shareTk. 14.36 considering total number of shares2,00,00,000 as on 31/12/2009. However, consideringtotal number of shares 2,40,00,000 the same was Tk.11.97.
EPS Tk 0.51 for 3 months period from October toDecember 2009.
Underwriters ICB Capital Management Ltd., Eastern BankLtd., Janata Bank LimitedIssue Manager Janata Bank LimitedAuditors Khan Wahab Shafique Rahman & Co.
Website: www.afchem.com
Active Fine Chemicals Limited
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Disclaimer:The contents of this presentation are entirely based on disclosures made by thecompany. Therefore, DSE does not assume any responsibility on the authenticityof the facts and figures presented thereof.
Brief Overview of the Company
1. Date ofIncorporation : December 01, 2004
2. Converted to public Limited Company : December 09, 2009
3. Authorized Capital : BDT 1,000.00 mn.
4. Paid up Capital (Pre-IPO) : BDT 240.00 mn.
5. Commercial Production Started : October 05, 2009
Active FineChemicals Ltd. (AFCL)
At a glance
Active Fine ChemicalsLtd. (AFCL) had been established on December 01, 2004 asa private limited company with a vision to serve the bulk drugs market inBangladesh. Subsequently it was converted to public limited company on 9thDecember 2009, under the same certificate of Incorporation. The key drivingforce is the opportunity to serve a fast growing pharmaceutical local market,which is heavily import dependent for itsraw materials. Providing highest qualitymaterials at a very competitive price is AFCL's goal. AFCL has set up a multipurposebulk drugs and fine chemicals manufacturing facility at Munshigonj, 20Km away from the capital Dhaka. The plant is established on a 3.60-acre land.The existing facility has 40 KL reaction capacity with all kind of installed utilityservices. AFCL received approval from all regulatory authorities of Bangladeshincluding Drugs Authority.
AFCL has also become one of the leading chemical reagent manufacturers inBangladesh. This is the first company to manufacture HULK grade solvents in Bangladesh.
