A concern of Aman Group, Aman Tex Limited, recently organised a road show for potential investors as a part of its plan for the initial public offering (IPO). A road show is a requirement under the book building regulations before price discovery of a company’s shares.
As a part of business expansion, the company has decided to go public through book building method to raise Taka 200 crore from the capital market of which Taka 93.65 crore will be reportedly spent for machinery procurement, Taka 32.66 crore for building construction, Taka 66.66 crore for repayment of loan, and Taka 7.03 crore for IPO expenses.
“We always manage the company’s activities keeping in mind the interests of investors. All listed companies of Aman Group are giving attractive dividends to its shareholders and will continue the trend in future,” reportedly underlined Managing Director of the company, Rafiqul Islam, at the event.
As per the company’s website, established in 2008 and spread over a total area of 24,000 square metres, the Gazipur-based, Aman Tex Limited produces a host of products including T-Shirt, Polo Shirt, Tank Top, Hoody Jackets, Bodies For New Born & Infants, Leggings, Trouser, and Top Bottom Set, etc.
Employing around 4,900 workers, it has production capacity of 8,333 dozen garments per day, dyeing 25 metric ton per day, and kitting 20 metric ton per day.
Aman Tex also boasts of sueding, brushing, printing, and embroidering facilities.