Oimex Electrode Limited
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“Investment in capital market involves certain degree of risks. The investors are required to read the prospectus and risk factors carefully, assess their own financial conditions and risk taking ability before making their investment decisions.” Public offer of 15,000,000 ordinary shares Issue date of the Prospectus: August 7, 2017 Offer price Tk. 10.00 each (at par), total size of fund to be raised Tk. 150,000,000.00 Opening and closing date of subscription Opening date of subscription: September 5, 2017 Closing date of subscription: September 13, 2017 PROSPECTUS Name of Issuer Oimex Electrode Limited Registered Office: 225/1, New Elephant Road (1st Floor), Dhaka, 1205 Tel: +88-02-9665272, 9660236 Fax: +88-02-9661252 Email: [email protected], Web: www.oimexelectrodes.com Name of Issue Manager MTB Capital Limited MTB Tower (Level 3), 111 Kazi Nazrul Islam Avenue, Bangla Motor, Dhaka 1000 Phone: +88-02-8321714, Fax: +88-02-8321543 Email: [email protected] Web: www.mtbcap.com 1 (2) (a) Preliminary information and declarations: (i) Name(s), address(s), telephone number(s), web address(s), e-mail(s), fax number(s) and contact persons of the issuer, issue manager(s), underwriter(s), auditors, credit rating company and valuer, where applicable: Name & Address Contact Person Telephone, Fax, Email & Web address Issuer Tel: +88-02-9665272 Oimex Electrode Limited M A Maleque Fax: +88-02-9661252 225/1, New Elephant Road (1st Floor) Managing Director Email: [email protected] Dhaka-1205 Web: www.oimexelectrodes.com Issue Manager MTB Capital Limited Khairul Bashar Tel: +88-02-8321714 MTB Tower (Level-3) Abu Taher Mohammed Fax: +88-02-8321543 111 Kazi Nazrul Islam Avenue Chief Executive Officer Email:[email protected] Bangla Motor, Dhaka-1000 & EVP Web: www.mtbcap.com Underwriters MTB Capital Limited Khairul Bashar Tel: +88-02-8321714 MTB Tower (Level-3) Abu Taher Mohammed Fax: +88-02-8321543 111 Kazi Nazrul Islam Avenue Chief Executive Officer & Email:[email protected] Bangla Motor, Dhaka-1000 EVP Web: www.mtbcap.com Tel: +88-02-9568207 Uttara Finance & Investments Ltd. S.M. Shamsul Arefin Fax: +88-02-9552461 JBC Tower (6th Floor) Managing Director & CEO Email: [email protected] 10 Dilkusha C/A, Dhaka-1000 Web: www.uttarafinance.biz NBL Capital & Equity Tel: +88-02-7118974 Management Ltd. Kamrun Nahar Fax: +88-02-7118840 Printers Building (8th Floor) Chief Executive Officer Email: [email protected] 5 Rajuk Avenue, Dhaka-1000, Web: www.nblceml.com Auditor AHMAD & AKHTAR Chartered Accountants P: +88-02-9561289 BCIC Bhaban (3rd Floor) Kanchi Lal Das FCA F: +88-02-9564366 30-31, Dilkusha C/A, Dhaka-1000 Partner Email: [email protected] Web: www.aacabd.org A Correspondent Member Firm of Russell Bedford International, UK. (ii) A person interested to get a prospectus may obtain from the issuer, and the issue manager(s). (iii) “If you have any query about this document, you may consult the issuer, issue manager and underwriter”. 2 (iv) “CONSENT OF THE BANGLADESH SECURITIES AND EXCHANGE COMMISSION HAS BEEN OBTAINED TO THE ISSUE OR OFFER OF THESE SECURITIES UNDER THE SECURITIES AND EXCHANGE ORDINANCE, 1969, AND THE BANGLADESH SECURITIES AND EXCHANGE COMMISSION (PUBLIC ISSUE) RULES, 2015. IT MUST BE DISTINCTLY UNDERSTOOD THAT IN GIVING THIS CONSENT THE COMMISSION DOES NOT TAKE ANY RESPONSIBILITY FOR THE FINANCIAL SOUNDNESS OF THE ISSUER COMPANY, ANY OF ITS PROJECTS OR THE ISSUE PRICE OF ITS SECURITIES OR FOR THE CORRECTNESS OF ANY OF THE STATEMENTS MADE OR OPINION EXPRESSED WITH REGARD TO THEM. SUCH RESPONSIBILITY LIES WITH THE ISSUER, ITS DIRECTORS, CHIEF EXECUTIVE OFFICER, MANAGING DIRECTOR, CHIEF FINANCIAL OFFICER, COMPANY SECRETARY, ISSUE MANAGER, ISSUE MANAGER’S CHIEF EXECUTIVE OFFICER, UNDERWRITERS, AUDITOR(S), VALUER AND/OR CREDIT RATING COMPANY (IF ANY)." (v) “This being the first issue of the issuer, there has been no formal market for the securities of the issuer. The face value of the securities is Tk. 10.00 (ten) and the issue price is Tk. 10.00 (ten), i.e. the face value. The issue price has been determined and justified by the issuer and the issue manager as stated under the paragraph on “Justification of Issue Price” should not be taken to be indicative of the market price of the securities after listing. No assurance can be given regarding an active or sustained trading of the securities or the price after listing.” (vi) "Investment in securities involves a degree of risk and investors should not invest any funds in this offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this offer. For taking an investment decision, investors must rely on their own examination of the issuer and the offer including the risks involved. The securities have not been recommended by the Bangladesh Securities and Exchange Commission (BSEC) nor does BSEC guarantee the accuracy or adequacy of this document. Specific attention of investors is invited to the statement of ‘risk factors’ given on page numbers 99 to 107. " (vii) “The issuer, having made all reasonable inquiries, accepts responsibility for and confirms that this prospectus contains all material information with regard to the issuer and the issue, that the information contained in the prospectus are true, fair and correct in all material aspects and are not misleading in any respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which make this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.” 3 (a) Availability of Prospectus: (i) Names, addresses, telephone numbers, fax numbers, website addresses and e-mail addresses and names of contact persons of the institutions where the prospectus and abridged version of prospectus are available in hard and soft forms: Name & Address Contact Person Telephone, Fax, Email & Web address Issuer T: +88-02-9665272 Oimex Electrode Limited M A Maleque F: +88-02-9661252 225/1, New Elephant Road Managing Director Email: [email protected] (1st Floor) Dhaka-1205 Web: www.oimexelectrodes.com Issue Manager MTB Capital Limited Khairul Bashar Tel: +88-02-8321714 MTB Tower (Level-3) Abu Taher Mohammed Fax: +88-02-8321543 111 Kazi Nazrul Islam Avenue Chief Executive Officer & Email:[email protected] Bangla Motor, Dhaka-1000 EVP Web: www.mtbcap.com Underwriters MTB Capital Limited Khairul Bashar Tel: +88-02-8321714 MTB Tower (Level-3) Abu Taher Mohammed Fax: +88-02-8321543 111 Kazi Nazrul Islam Avenue Chief Executive Officer & Email:[email protected] Bangla Motor, Dhaka-1000 EVP Web: www.mtbcap.com Uttara Finance & Investments T: +88-02-9568207 Ltd. S.M. Shamsul Arefin F: +88-02-9552461 JBC Tower (6th Floor) Managing Director & CEO Email: [email protected] 10 Dilkusha, C.A. Dhaka-1000 Web: www.uttarafinance.biz NBL Capital & Equity T: +88-02-7118869 Management Ltd. Kamrun Nahar F: +88-02-7118840 Printers Building (8th Floor) Chief Executive Officer Email: [email protected] 5 Rajuk Avenue, Dhaka-1000 Web: www.nblceml.com Stock Exchanges T: +88-02-9564601-7, 96666944-8 Dhaka Stock Exchange Limited Md. Afzalur Rahman F: +88-02-9564727, 9569755 9/F, Motijheel C/A, Dhaka-1000 Manager Email: [email protected] Web: www.dsebd.org Chittagong Stock Exchange Ltd. T: +88-031-714632-3 CSE Building, 1080 Sk. Mujib Road Mohammad Jabed Sarwar F: +88-031-714101 Agrabad C/A, Chittagong-4100 Assistant Manager Email: [email protected] Dhaka liaison Office: 52-53, Web: www.cse.com.bd Dilkusha C/A, Dhaka-1000 Prospectus would also be available on the web sites of BSEC (www.sec.gov.bd) and at the Public Reference Room of the Bangladesh Securities and Exchange Commission (BSEC) for reading and studying. (ii) Name and date of newspapers where abridged version of prospectus was published: Sl# Name of newspapers Date of publication 01 The Daily Samakal 02 The Daily Shokaler Khobor 03 The Financial Express 04 The Daily New Age 4 (iii) Definition and acronyms/ elaborations: A N AGM Annual General Meeting NAV Net Asset Value Allotment Letter of allotment for shares NRB Non-resident Bangladeshi B O BO A/C Beneficial owner account or OEL Oimex Electrode Limited Depository account BAS Bangladesh Accounting Offering Price Price of the Securities of Oimex Standard Electrode Limited being offered BDT Bangladeshi Taka BSEC Bangladesh Securities and P Exchange Commission BFRS Bangladesh Financial P/E Price earnings ratio Reporting Standard Pound United Kingdom Pound C CDBL Central Depository R Bangladesh Limited Commission Bangladesh Securities and Registered Head office of the Company Exchange Commission Office Companies Companies Act, 1994 (Act. RJSC Registrar of Joint Stock Act No. XVIII of 1994) Companies & Firms CSE Chittagong Stock Exchange Limited CIB Credit information Bureau S Securities Shares of Oimex Electrode Limited D Sponsors The Sponsor shareholders of Oimex Electrode Limited DSE Dhaka Stock Exchange Limited T E The Company Oimex Electrode Limited EPS Earnings per share Exchanges Stock Exchanges V VAT The value added tax F FC Account Foreign currency account I IPO Initial public offering Issue Public issue Issuer Oimex Electrode Limited Issue Manager MTB Capital Ltd. M MTBCL MTB Capital Limited MPI Loan Murabaha Post Import Loan 5 Table of Contents Section (i): Executive summary .....................................................................................................