Aman Tex holds IPO road show

FE Report | Published: October 19, 2018 11:58:13 | Updated: October 24, 2018 14:18:17


Aman Tex, a concern of Aman group, plans to go public by using the book building method to raise Tk 2.0 billion for its business expansion.

The company held its IPO (initial public offering) road show on Thursday at a city hotel, a statement said.

Of the IPO fund, Tk 936.5 million will be used for procuring machinery, Tk 326.6 million for building construction, Tk 666.6 million for repayment of loans and 70.3 million for IPO expenses.

"We always manage the company activities by considering the interests of the investors. All listed companies of Aman group are distributing attractive profit among the shareholders and will continue this trend in future," Aman Tex Managing Director Rafiqul Islam told the road show.

Its net profit was Tk 348.9 million, earnings per share (EPS) Tk 4.34 and the net asset value per share Tk 36.64 for the FY2017-18.

Aman Tex Chairman Shafiqul Islam, Directors Toufiqul Islam and Md. Tariqul Islam and Independent Director Iftekhar-uz-Zaman were also present at the road show.

Representatives of merchant banks, asset management companies, stock dealers, banks, and financial institutions, among others, were present at the road show.

The ICB Capital Management and LankaBangla Investment are working as the issue managers of the IPO.

mufazzal.fe@gmail.com

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