This Slide is about the IPO process

1. IPO Process and Price offering
System
Fareast Finance and Investment
company Ltd.

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. 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. Information of FFIL

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. Services of FFIL

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. 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. IPO Process Followed by FFIL

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. 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. 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. 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. Works after Consent

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. Objective of the Issue

17. To meet the compliance of
the statutory requirement
of the company
Strengthening the capital
base and liquidity of the
Company

18. Utilization of Fund

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. 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. Capital Structure

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. 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. Issue Price of Share

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. Market Price of Shares

27. FFIL Tk. 18.2
Tk. 7.9
DSE
DSE
CSE
Tk.18.0
CSE

28. GSP Finance
Tk. 35.7
Tk. 13.1
Tk. 12.5
DSE
DSE
CSE
Tk. 35.0
CSE