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Merchant and Investment Banking (IPO Process)

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This Slide is about the IPO process

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Merchant and Investment Banking (IPO Process)

  1. 1. IPO Process and Price offering System Fareast Finance and Investment company Ltd.
  2. 2. Group Members Student Name Student ID Tandra Das 1288 Rezaun Nessa Linza 1289 Monira Parvin 1299 Jakeea Shaeed Natasha 1300 S.M. Abdul Awal Pavel 1318 Afia Jahan 2278 Md. Enamul Hasan 2281 Md. Hasibul Islam 2835
  3. 3. Fareast Finance and Investment Ltd. • Incorporated in Bangladesh as a public limited company on June 21, 2001 under The Companies Act, 1994 • The company obtained license from Bangladesh Bank as a Non- Banking Financial Institution under the Financial Institution Act, 1993 on July 03, 2001 to operate as a leasing and financing company as provided under the relevant law
  4. 4. Information of FFIL
  5. 5. Trading Code FAREASTFIN Issue Manager Grameen Capital Management Limited Auditors Ahmed Zaker & Co. Website www.ffilbd.com Authorized Capital Tk. 2,000,000,000 Pre- IPO paid-up Capital Tk. 1,150,617,860 IPO size in shares 45,000,000 Post IPO Paid-up Capital Tk. 1,600,617,860 Offer Price per share Tk. 10.00 Face Value per share Tk. 10.00
  6. 6. Services of FFIL
  7. 7. Main Services Of FFIL Term Finance Lease Finance Short Term Finance Import Finance Bond Discounting Export Finance Bridge Finance Consumer Credit Scheme Factoring
  8. 8. Deposits of FFIL FFIL Sanirbhorota FFIL Pension Plan Shomriddhi Subidha Double Money Benefit Scheme Triple Money Benefit Scheme Lakhpati Scheme Crorepati Scheme Education Plan Safollo and Supreme
  9. 9. IPO Process Followed by FFIL
  10. 10. 5. Selection of Underwriters Total 11 Underwriters 4. Selection of Bankers to the Issue Total 14 banks (0.10% of the amount collected for the services rendered to the issuer by them) 3. Completion of Valuation and Restructuring M. M. Rahman & Co 2. Selection of Advisers 7 advisors 1. Appointing Issue Manager Grameen Capital Management Limited Work Before the Consent
  11. 11. Work Before the Consent Cont’d 9. Agreement with CDBL Contract signed 7. Audit of Accounts Ahmed Zaker & CO. 6. Collection of NOC from Lenders NOC collected 8. Credit Rating Report Credit Rating Information and Services Limited (CRISL)
  12. 12. 11. Refund Warrant Guarantee Guarantee made under rule 10 of the Public Issue Rules 2006 For Resident Bangladeshi- • Banker the Issue • Citibank, N.A. • Standard Chartered Bank • Account Payee cheque For Non Resident Bangladesh- • Currency in which the value of securities was paid 10. Approval from Sponsors Md. Anwer Hossian Khan Delwar Hossain Rana Md. Azmat Rahman Md. Shamsul Islam Md. Ershad Ullah Work Before the Consent Cont’d
  13. 13. Work Before the Consent Cont’d 13. Application Submission Submitted to BSEC 14. Consent from BSEC Received 45,000,000 shares Tk.10/share 12. Draft Prospectus Prepared
  14. 14. Works after Consent
  15. 15. 1. Submission of Prospectus Submitted with (RJSC) Works after Consent 2. Announcement for the Investors June 13, 2013 3. Provide Full Prospectus 11 June 2013 4. Application for Listing June 19, 2013 5. Subscription Period July 14-18, 2013 for resident Bangladeshis July 27, 2013 for non-resident Bangladeshis 6. Transaction Rate Spot rate at Sonali bank on July 14, 2013 7. In Case of Under Subscription Not applied 8. Approval of Listing September 04, 2013
  16. 16. Objective of the Issue
  17. 17. To meet the compliance of the statutory requirement of the company Strengthening the capital base and liquidity of the Company
  18. 18. Utilization of Fund
  19. 19. FFIL will augment their business expansion as net proceeds of the present issue of 45,000,000 ordinary shares of Tk. 10.00 each at par, totaling Tk. 450,000,000 would be utilized Investment Industrial development Leasing Lending Refinancing Refund of high cost borrowing of the Company within 1 year of listing FFIL
  20. 20. Refund of high cost borrowing of the Company within receiving proceeds from IPOGSP This IPO process will augment business expansion as such proceeds of the present issue of 20,000,000 ordinary share of Tk.10.00 each at an issue price of Tk.25.00 per share including a premium of Tk. 15.00 per share totaling Tk. 500,000,000.00 Investment Industrial development Leasing Lending Refinancing
  21. 21. Capital Structure
  22. 22. Particulars No. of Shares Face Value Amount (taka) Before IPO       Authorized Capital 200,000,000 10 2,000,000,000 Issued & Fully paid-up capital as per audited accounts as on 31/12/2011 104,601,624 10 1,046,016,240 Raising of paid up capital 10,460,162 10 104,601,620 Total paid up capital before IPO (Considering 10% bonus share for the year 2011) 115,061,786 10 1,150,617,860 After IPO       To be issued as IPO 45,000,000 10 450,000,000 Paid up capital (Post IPO) 160,061,786   1,600,617,860 (raising of paid up capital by issuing 10% bonus share which has been approved by SEC vide letter no. SEC/CI/CPLC-05/2001/1286 dated May 14, 2012) FFIL
  23. 23. Particulars No. of Shares Face Value Amount (taka) Before IPO:       Authorized Capital 100,000,000 10 1,000,000,000 Paid up capital as on 31st December 2010 2,159,850 100    215,985,000 *After denomination the face value into Tk.10.00 the number of shares stand (a) 21,598,500 10    215,985,000 **Raising of paid-up capital 6,047,580 10      60,475,800 Total paid up capital before IPO (considering 28% bonus share for the year 2010) (a+b) 27,646,080 10 276,460,800 After IPO:       To be issued as IPO 20,000,000 10 200,000,000 (raising of capital by issuing28% bonus share which has been approved by SEC vide their letter no. SEC/CFD/CPLC-29/2002/793 dated 3rd November, 2011) (b) GSP
  24. 24. Issue Price of Share
  25. 25. Fareast Finance and Investment Ltd. GSP Finance Offer Price/ Issue Price Tk. 10 Tk. 25 Premium Tk. NIL Tk. 15 Issue Manager The Grameen Capital  Management Ltd. ICB Capital Management Ltd. Fareast Finance and Investment Limited issued 45,000,000 ordinary shares GSP Finance Company (Bangladesh) Limited issued public offer of 20,000,000 ordinary share
  26. 26. Market Price of Shares
  27. 27. FFIL Tk. 18.2 Tk. 7.9 DSE DSE CSE Tk.18.0 CSE
  28. 28. GSP Finance Tk. 35.7 Tk. 13.1 Tk. 12.5 DSE DSE CSE Tk. 35.0 CSE

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