secbd.orgsecbd.org/ipoprospectus/Prospectus_of_ACME_Lab._Ltd._23...Prospectus ACMEof 8 f of Issue...

ProspectusofACME

8

f of

IssueSizePublicOfferingof50,000,000OrdinaryShares, ofthis50,000,000 ordinaryshares50%i.e.25,000,000OrdinarySharesarereservedforEligibleInstitutionalInvestorsand10%i.e.5,000,000OrdinarySharesforMutualFundsatacutoffpriceofTk.85.20andremaining40%i.e.20,000,000OrdinarySharesataDiscountedPriceofTk.77.00pershareforGeneralPublic,

and NRB ofTk.10.00eachtotalingTk.4,096,000,000

Openingdateofsubscription:11April,2016Closingdateofsubscription:21April,2016

ForNonResidentBangladeshisquota,subscriptioncloseson:21April,2016

MANAGERTOTHEISSUE REGISTRARTOTHEISSUEICBCapitalManagementLimited PrimeFinanceCapitalManagementLimitedGreenCityEdge(5th&6thFloor),89Kakrail, PFITower(6th Floor),5657DilkushaC/A,Dhaka1000,www.icml.com.bd Dhaka1000,Fax:+88029584922,www.primefincap.com

CREDITRATINGBYCreditRatingInformationandServicesLimited(CRISL)

BasedonFinancialStatementsof30June2015DateofRating:October15,2015

LongTerm ShortTermRating A+ ST3Validity October14,2016 April14,2016

DateofIssueofProspectus:16March2016

" | o "

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.

ProspectusofACME

ii

PreliminaryInformationandDeclarations

IssuerCompany Contactperson TelephoneandFaxNumberTheACMELaboratoriesLtd.CourtdelaACME1/4,Kallayanpur,MirpurRoad,Dhaka1207Email:[email protected];Web:www.acmeglobal.com

Mr.Md.ZahangirAlam,FCMAChiefFinancialOfficer

Tel:+880290041946,FAX:+88029016872,

+88029039399

ManagertotheIssue Contactperson TelephoneandFaxNumberICBCapitalManagementLtd.GreenCityEdge(5th&6thFloor),89Kakrail,Dhaka1000.Email:[email protected];Web:www.icml.com.bd

Mrs.NasrinSultanaChiefExecutiveOfficer

Tel:+88028300421,+88028300395,+88028300555,+88028300367FAX:+88028300396

Underwriters Contactperson TelephoneandFaxNumberICBCapitalManagementLtd.GreenCityEdge(5th&6thFloor),89Kakrail,Dhaka1000.Email:[email protected];Web:www.icml.com.bd


Tel:+88028300421,+88028300395,+88028300555,+88028300367

FAX:+88028300396PrimeFinanceCapitalManagementLtd.PFITower(6thFloor),5657DilkushaC/A,Dhaka1000Email:[email protected];Web:www.primefincap.com

Dr.MosharafHossain,FCAChiefExecutiveOfficer

Tel:+88029584874,+880295848767FAX:+88029584922

SoutheastBankCapitalServicesLtd.EunoosTradeCenter,(Level9),5253,DilkushaC/A,Dhaka1000Email:[email protected];Web:www.southestbank.com.bd

Mr.Md.AlamgirHossainSr.AssistantVicePresident

Tel:+88029574171(Ext103),+88029574167FAX:+88029574169

SwadeshInvestmentManagementLtd.Suite01,Level11,UniqueTradeCentre,8Panthapath,KarwanBazar,Dhaka1215Email:[email protected];Web:www.swadesh.com.bd

Mr.MamunAhmedManagingDirector

Tel:+880201713400500FAX:+880281558344

IDLCInvestmentsLtd.EunoosTradeCentre(Level21),5253DilkushaC/A,Dhaka1000.Email:[email protected];Web:www.idlc.com

Mr.Md.Moniruzzaman,CFAManagingDirector

Tel:+88029571170FAX:+88029571171

EBLInvestmentsLtd.59,MotijheelC/A,1stFloor,Dhaka1000Email:[email protected];Web:www.eblinvestments.com

Mr.Md.TanvirHashemManager

Tel:+88027118975FAX:+88027120251

FirstSecurityIslamiCapital&InvestmentLtd.AlAminCenter,(12thFloor),25/A,DilkushaC/A,Dhaka1000Email:[email protected];Web:www.fsicibd.com

Mr.M.AnwarHusainChiefExecutiveOfficer

Tel:+88029555077FAX:+88029515917

ILCapitalLtd.PrintersBuilding(13thFloor),5,RajukAvenue,Dhaka1000Email:[email protected];Web:www.ilcapital.com

Mr.SaadMuhammadFaisalChiefExecutiveOfficer

Tel:+88029515573FAX:+88027117559

PLFSInvestmentsLtd.ParamountHeights(13thFloor),65/2/1BoxCulvertRoad,PuranaPaltan,Dhaka1000Email:[email protected];Web:www.plfsil.plfsbd.com

Mr.NripendraChandraPandit

ChiefExecutiveOfficer(C.C)

Tel:+88029551036,+88029551041FAX:+88027125396

RootsInvestmentLimitedDigantoTower,1stFloor,12/1,R.K.MissionRoad,Motijheel,Dhaka,1203Email:[email protected]:www.rootsinvestment.com

Mr.NomanurRashidSeniorVicePresident

Tel:+880201712990348,+880201833148258FAX:+88027116908

ProspectusofACME

iii

SonaliInvestmentLtd.SaraTower(11thFloor),11/AToyenbeeCircularRoad,MotijheelC/A,Dhaka1000Email:[email protected];Web:www.silbd.com

Mr.SurajitKumarSahaChiefExecutiveOfficer

(Incharge)

Tel:+88029568777,+88029556940,

+88029575975FAX:+88029556940Ext.126

BetaOneInvestmentLtd.GreenDeltaAIMSTower(Level4),5152,MohakhaliC/A,Dhaka1212.Email:[email protected];Web:www.betaone.com.bd

Mr.MohammedAtiquzzaman

ManagingDirector

Tel:+88029887337FAX:+88029880733

Auditor Contactperson TelephoneandFaxNumberPinaki&CompanyCharteredAccountants(AnIndependentAssociateMemberofThakur,VaidyanathAiyar&Co.,CharteredAccountants,NewDelhi,India)Ahsandell,2/AMymensingRoad(2ndFloor),Shahbag,Dhaka1000Email:[email protected];Web:N/A

Mr.PinkaiDas,FCAPartner

Tel:+88029660944,9665095FAX:+88029672726,

CreditRatingCompany Contactperson TelephoneandFaxNumber

CreditRatingInformation&ServicesLtd.(CRISL)NakshiHomes(4th&5thfloor),6/1A,SegunbagichaDhaka1000.Email:[email protected];Web:www.crislbd.com

Ms.DilKhadijaBanuAnalysts

Tel:+880295309914,FAX:+88029530995,

Valuer Contactperson TelephoneandFaxNumber

MasihMuhithHaque&Co.CharteredAccountantsLevel13,UTCBuilding,8Panthopoth,Dhaka1215Email:[email protected];Web:www.masihmuhith.com

Mr.MohammedForkanUddin,FCAPartner

Tel:+88029144357,9130675FAX:+88028119252,

"Apersoninterestedtogetaprospectusmayobtainfromtheissuerandtheissuemanager"

Ifyouhaveanyqueryaboutthisdocument,youmayconsulttheissuer,issuemanagerandunderwriter

CONSENTOFTHEBANGLADESHSECURITIESANDEXCHANGECOMMISSIONHASBEEN OBTAINEDTOTHE ISSUE/OFFEROFTHESESECURITIESUNDER THE SECURITIESAND EXCHANGEORDINANCE, 1969,AND RELEVANT PROVISIONSOF THE BANGLADESH SECURITIESAND EXCHANGECOMMISSION(PUBLICISSUE)RULES,2015.ITMUSTBEDISTINCTLYUNDERSTOODTHATINGIVINGTHISCONSENTTHECOMMISSIONDOESNOTTAKE ANY RESPONSIBILITY FOR THE FINANCIAL SOUNDNESSOF THE ISSUER COMPANY, ANYOF ITS PROJECTSOR THE ISSUE PRICEOF ITSSECURITIES OR FOR THE CORRECTNESS OF ANY OF THE STATEMENTS MADE OR OPINION EXPRESSED WITH REGARD TO THEM. SUCHRESPONSIBILITYLIESWITHTHEISSUER,ITSDIRECTORS,CHIEFEXECUTIVEOFFICER,MANAGINGDIRECTOR,CHIEFFINANCIALOFFICER,COMPANYSECRETARY, ISSUEMANAGER, ISSUEMANAGERSCHIEF EXECUTIVEOFFICER,UNDERWRITERS,AUDITOR(S),VALUERAND/ORCREDITRATINGCOMPANY(IFANY)."

RisksinrelationtotheFirstIssue"Thisbeingthefirst issueofthe issuer,therehasbeennoformalmarketforthesecuritiesofthe issuer.Thefacevalueofthesecurities isTk.10.00(ten)andtheissuepriceisTk.85.20,i.e.8.52timesforEIIsincludingMutualFundandTk.77.00,i.e.'7.7timesforGeneralPublic,

and NRBofthefacevalue.Theissuepricehasbeendeterminedandjustifiedbytheissuerandtheissuemanager/biddingbytheeligibleinvestorsasstatedundertheparagraphonJustificationofIssuePriceshouldnotbetakentobeindicativeofthemarketpriceofthesecuritiesafterlisting.Noassurancecanbegivenregardinganactiveorsustainedtradingofthesecuritiesorthepriceafterlisting."

GeneralRisk"Investmentinsecuritiesinvolvesadegreeofriskandinvestorsshouldnotinvestanyfundsinthisofferunlesstheycanaffordtotaketheriskoflosingtheirinvestment.Investorsareadvisedtoreadtheriskfactorscarefullybeforetakinganinvestmentdecisioninthisoffer.Fortakinganinvestmentdecision,investorsmustrelyontheirownexaminationoftheissuerandtheofferincludingtherisksinvolved.ThesecuritieshavenotbeenrecommendedbytheBangladeshSecuritiesandExchangeCommission(BSEC)nordoesBSECguaranteetheaccuracyoradequacyofthisdocument.Specificattentionofinvestorsisinvitedtothestatementofriskfactorsgivenonpagenumber(s)213227"

TheACMELaboratoriesLimited'sAbsoluteResponsibility"Theissuer,havingmadeallreasonableinquiries,acceptsresponsibilityforandconfirmsthatthisprospectuscontainsallmaterialinformationwithregardtotheissuerandtheissue,thattheinformationcontainedintheprospectusaretrue,fairandcorrectinallmaterialaspectsandarenotmisleadinginanyrespect,thattheopinionsandintentionsexpressedhereinarehonestlyheldandthattherearenootherfacts,theomissionofwhichmake thisdocumentasawholeoranyof such informationor theexpressionofany suchopinionsor intentionsmisleading inanymaterialrespect."

ProspectusofACME

iv

AVAILABILITYOFPROSPECTUSTheProspectusandAbridgeversionofprospectusofTheACMELaboratoriesLtd.areavailableinhardandsoftformsatthefollowingaddresses:

IssuerCompany Contactperson TelephoneandFaxNumber

TheACMELaboratoriesLtd.CourtdelaACME1/4,Kallayanpur,MirpurRoad,Dhaka1207

Email:[email protected];www.acmeglobal.com

Mr.Md.ZahangirAlam,FCMAChiefFinancialOfficer

Tel:+880290041946,FAX:+88029016872,+88029039399

ManagertotheIssue Contactperson TelephoneandFaxNumberICBCapitalManagementLtd.GreenCityEdge(5th&6thFloor),89Kakrail,Dhaka1000.Email:[email protected];www.icml.com.bd


Tel:+88028300421,+88028300395,+88028300555,+88028300367

FAX:+88028300396

StockExchanges Contactperson TelephoneNumberDhakaStockExchangeLtd(DSE)DSELibrary,ResearchandInformationDepartment9/F,MotijheelC/A,Dhaka1000.Email:[email protected];web:www.dsebd.org

Mr.Md.AfzalurRahmanManager

+880295646017+880296669448

Fax:+88029569755+88029564727

ChittagongStockExchangeLtd(CSE)CSEBuilding,1080,Sk.MujibRoadAgrabad,Chittagong4100DhakaLiaisonOffice:EunoosTradeCenter(Level15)5253DilkushaC/A,Dhaka1000.Email:[email protected];Web:www.cse.com.bd

Mr.MohammedJabedSarwarAssistantManager

+880317146323+88031720871

Fax:+88031714101+8802951391115

Prospectuswouldalsobeavailableon thewebsiteofBSEC (www.sec.gov.bd),DSE (www.dsebd.org),CSE (www.cse.com.bd),TheACMELaboratoriesLtd.(www.acmeglobal.com),IssueManager(www.icml.com.bd)andPublicReferenceRoomoftheBangladeshSecuritiesandExchangeCommission(BSEC)forreadingandstudying.

Names and dates of the newspapers where abridged version of prospectus was published

Sl.No. NameoftheNewspaper DateofPublication Pagenumberofthenewspaper01 TheDailySamakal 16March2016 1702 TheDailyIttefaq 16March2016 1703 TheDailyFinancialExpress 16March2016 2104 TheDailyNewAge 16March2016 11

ProspectusofACME

v

DefinitionsandAcronyms/Elaborations

Unlessthecontextotherwiseindicates,requiresorimplies,thefollowingtermsshallhavethemeaningssetforthbelowinthisDraftProspectus.Referencestostatutes,rules,regulations,guidelinesandpolicieswillbedeemedtoincludeallamendmentsandmodificationsnotifiedthereto.

AAAMC AssociationofAssetsManagementCompanies

AAS AtomicAbsorptionSpectrophotometer

ACME TheACMELaboratoriesLtd.

AIDS AcquiredImmuneDeficiencySyndrome

Allotment LetterofAllotmentofShares

ArticlesorArticlesofAssociationorAoA

TheArticlesofAssociationofTheACMELaboratoriesLtd.,asamended

API ActivePharmaceuticalIngredient

AuditCommittee Theauditcommittee,asubcommitteeofthe BoardofDirectorsofTheACMELaboratoriesLtd.

BBAB BangladeshAccreditationBoard

BAS BangladeshAccountingStandards

BFRS BangladeshFinancialReportingStandards

BFS BlowFillSeal(asalineunitoftheCompany)

Bidders TheEligibleInstitutionalInvestors whohaveparticipatedinthebidding

BIA BangladeshInsuranceAssociation

BLFCA BangladeshLeasingandFinanceCompaniesAssociation

BMBA BangladeshMerchantBankersAssociation

BO BeneficiaryOwner

BoardorBoardofDirectorsorourBoard

TheBoardofDirectorsofTheACMELaboratoriesLtd.,asdulyconstitutedfromtimetotimeincludinganycommitteesthereof

BookBuildingMethod TheprocessbywhichanissuerattemptstodeterminethepricetoofferitssecuritybasedondemandfromEligibleInstitutionalInvestors(EIIs)

BSEC BangladeshSecuritiesandExchangeCommission

CCAGR CompoundAnnualGrowthRate

CDBL CentralDepositoryBangladeshLimited

CFC Chlorofluorocarbon

cGMP CurrentGoodManufacturingPractices

ProspectusofACME

vi

CIB CreditInformationBureau

Commission BangladeshSecuritiesandExchangeCommission

CRISL CreditRatingInformationandServicesLimited

CSE ChittagongStockExchange Limited

CSR CorporateSocialResponsibility

CutoffPrice Thelowestpriceofferedbythebiddersatwhichthetotalissuecouldbeexhausted

DDGDA DirectorateGeneralofDrugAdministration&LicensingAuthority(Drugs)

DoE DirectorateofEnvironment

DPI DryPowderInhaler

DSE DhakaStockExchange Limited

EEIIs EligibleInstitutionalInvestors

Email ElectronicMail

EMS ExpressMailService

ETP EffluentTreatmentPlant

FFCAccount ForeignCurrencyAccount

FTIR FourierTransformInfraredSpectrophotometer

FloorPrice Thelowestpriceofthepricebandwithinwhich theEligibleInstitutionalInvestorsshallbidforsecurityunderbookbuildingmethod

GGC GasChromatography

GCC GulfCooperationCouncil

GLP GoodLaboratoryPractices

GU GeneralUnit

HHFA HydroFluoroAlkanes

HIV HumanImmunodeficiencyVirus

HSBC TheHongkongandShanghaiBankingCorporation

HPLC HighPerformanceLiquidChromatography

HVAC Heating,VentilationandAirConditioning

IIAS InternationalAccountingStandards

ICAB TheInstituteofCharteredAccountantsofBangladesh

ProspectusofACME

vii

ICB InvestmentCorporationofBangladesh

ICDDR,B InternationalCentreforDiarrhoealDiseaseResearch,Bangladesh

ICML ICBCapitalManagementLimited

IMS IntercontinentalMarketingServices(anUSAbasedhealthcaremarketsurveyorentity)

IndicativePrice Thepricewhichtheissuerindicateinthedraftprospectustakinginputfromtheeligibleinstitutionalinvestorsonwhichthebiddersbidforfinaldeterminationofprice.

IPO InitialPublicOffering

IPDC IndustrialPromotionandDevelopmentCompany

ISO InternationalStandardizationOrganization

Issue PublicIssueofShares

IV Intravenous

KKRA KeyResultArea

LLDC LeastDevelopmentCountry

LTU LargeTaxpayerUnit

LVP LargeVolumeParenteral

MMDG MillenniumDevelopmentGoal

MDI MeterDosageInhaler

MNC MultinationalCompany

MP MarketPrice

MemorandumorMemorandumofAssociationorMoA

TheMemorandumofAssociationofTheACMELaboratoriesLtd.,asamended

MSWord Microsoftword

NNAV NetAssetValue

NBR NationalBoardofRevenue

NGO NonGovernmentOrganization

NRB NonResidentBangladeshi

OOfferingPrice PriceoftheShareofTheACMELaboratoriesLtd.beingoffered

OurCompanyortheCompanyortheIssuer

TheACMELaboratoriesLimited,apubliclimitedcompanyincorporatedundertheCompaniesAct

ProspectusofACME

viii

PPriceDiscovery Amethodofdeterminingthepriceforaspecificsecuritythroughdemandandsupplyfactorsrelatedtothe

market

QQA QualityAssurance

QC QualityControl

RR&D Research&Development

REB RuralElectrificationBoard

RegisteredOffice HeadOfficeoftheCompany

RJSC RegistrarofJointStockCompaniesandFirms

RoadShow Presentationbyanissuerofsecuritytopotentialinvestorsaboutitsissuanceofsecurity

SSecurities ShareofTheACMELaboratoriesLtd.

SecuritiesMarket TheShareMarketofBangladesh

SDU SolidDosageUnit

SFT SquareFeet

SOP StandardOperatingProcedure

Sponsors TheSponsorsShareholderofTheACMELaboratoriesLtd.

STDAccount ShortTermDepositAccount

StockHolder ShareHolder

Subscription ApplicationMoney

SVP SmallVolumeParenteral (aDropandInjectable unitoftheCompany)

TTGA TherapeuticGoodsAdministration

TheCompany/Issuer TheACMELaboratoriesLtd.

TOC TotalOrganicCarbon

TRIPS TradeRelatedaspectsofIntellectualPropertyRights

TT TelephonicTransfer

UUKMHRA MedicineandHealthcareProductsRegulatoryAgencyofUnitedKingdom

USFDA FoodandDrugAdministrationofUnitedStatesofAmerica

USDOLLAR UnitedStatesDollar

UK UnitedKingdom

UKPOUND UnitedKingdomPound

ProspectusofACME

ix

UN UnitedNation

UNDP UnitedNationDevelopmentProgram

VVAT ValueAddedTax

WWDV WrittenDownValue

WHO WorldHealthOrganization

WSP WaterSolublePowder

ProspectusofACME

x

TABLEOFCONTENTS

Particulars PageCHAPTERI EXECUTIVESUMMARY

Abouttheindustry 12

AbouttheIssuer 2

FinancialInformation 3

Featuresoftheissueanditsobjects 34

LegalandOtherInformation 4

Promotersbackground 4

Capitalstructureandhistoryofcapitalraising 5

SummaryofValuationReportofSecurities 5

CHAPTERII CONDITIONSIMPOSEDBYTHECOMMISSIONDisclosureinrespectofissuanceofsecurityin Dematerializedform 6

Conditionunder2CCoftheSecurities&ExchangeOrdinance1969 612

Consenttocommencebidding 1314

CHAPTERIII DECLARATIONANDDUEDILIGENCECERTIFICATESDeclarationabouttheresponsibilityofthedirectors,includingManagingDirectoroftheIssuerinrespectoftheprospectus

15

DueDiligenceCertificatebytheIssueManager 1617

DueDiligenceCertificatebytheUnderwriters 1829

CHAPTERIV ABOUTTHEISSUERParticularsoftheCompany 3031NameoftheSponsorsandDirectors 31

ParticularsoftheAuditorsandRegistrartotheIssue 32 NameoftheStockExchangeswheretheSecuritiestobelisted 32

CHAPTERV CORPORATEDIRECTORYOFTHEISSUER 33

CHAPTERVI DESCRIPTIONOFTHEISSUER

SummaryoftheIndustry 3436Summaryofconsolidatedfinancial,operatingandotherInformation 36GeneralInformation 3745CapitalStructure 4554

DescriptionoftheBusiness 5493DescriptionofProperty 94136PlanofOperationandDiscussionofFinancialCondition 137164

CHAPTERVII MANAGEMENTSDISCUSSIONANDANALYSISOFFINANCIALCONDITION

Overviewofbusinessandstrategies 165166

SWOTanalysis 167

Analysis of the financial statements of last five years with reason(s) of fluctuatingrevenue/sales,other income, total income, cost of material, finance cost, depreciationandamortizationexpense,otherexpense;changesofinventories,netprofitbefore&aftertax,EPSetc.

167169

Known trends demands, commitments, events oruncertainties that are likely tohaveaneffectonthecompanysbusiness.

169

Trendsorexpectedfluctuationsinliquidity 169

Offbalance sheet arrangements those have or likely to have a currentor futureeffectonfinancialcondition.

169170

ProspectusofACME

xi

CHAPTERVIII DIRECTORSANDOFFICERS

ParticularsofDirectors 171

DirectorshiptenureintheCompany 172174

ShortBioDataoftheDirectors andOthers 174181

CHAPTERIX CERTAINRELATIONSHIPSANDRELATEDTRANSACTIONS 181183

CHAPTERX EXECUTIVECOMPENSATION 184

CHAPTERXI OPTIONSGRANTEDTODIRECTORS,OFFICERSANDEMPLOYEES 185

CHAPTERXII TRANSACTIONWITHTHEDIRECTORSANDSUBSCRIBERS TOTHE MEMORANDUM 185186

CHAPTERXIII OWNERSHIPOFTHECOMPANYSSECURITIES 186194

CHAPTERXIV CORPORATEGOVERNANCE 195203

CHAPTERXV VALUATIONREPORTOFSECURITIESPREPAREDBYTHEISSUEMANAGER 204208

CHAPTERXVI DEBTSECURITIES 209

CHAPTERXVII PARTIESINVOLVEDANDTHEIRRESPONSIBILITIES 209210

CHAPTERXVIII MATERIALCONTRACTS 210211

CHAPTERXIX OUTSTANDINGLITIGATIONS,FINEORPENALTY 211212

CHAPTERXX RISKFACTORSANDMANAGEMENTSPERCEPTIONSABOUTTHERISKS 213227

CHAPTERXXI DESCRIPTIONOFTHEISSUE 228242

CHAPTERXXII USEOFPROCEEDS 243265

CHAPTERXXIII LOCKIN 265270

CHAPTERXXIV MARKETSFORTHESECURITIESBEINGOFFERED 271

CHAPTERXXV DESCRIPTIONOFSECURITIESOUTSTANDINGORBEINGOFFERED 272273

CHAPTERXXVI FINANCIALSTATEMENTS 274346

CHAPTERXXVII CREDITRATINGREPORT 347367

CHAPTERXXVIII PUBLICISSUEAPPLICATIONPROCEDURE: ASDESCRIBEDINTHECONSENTLETTER 368372

CHAPTERXXIX OTHERS

AuditorsAdditionalDisclosure 373383

AdditionalDisclosureoftheManagement 384386

AuditedFinancialStatementsfortheyearended30June2015 387427

ProspectusofACME

1

CHAPTERI:EXECUTIVESUMMARY

Abouttheindustry

Pharmaceuticals products aremet one of the basic needs for all living being. It is one of the fastest growingindustries intheworld.Accordingto IMS(anUSAbasedhealthcaremarketsurveyorentity),by2017demandofpharmaproductswillbeUSD1,200billion,whichwasUSD965billionintheyear2012.

Accordingtothesamesource,intheyear2014BangladeshpharmamarketsizewasTk.10,600crorewithagrowthpercentage8.48.Fortheyearended30June2014,ACME'sdomesticsaleswasTk.985.46croreandexportsaleswasTk.36.33croretotalingTk.1021.79crorewithagrowth14.11%,7.63%and13.87%respectively.AccordingtoIMS, in theyear2015BangladeshpharmamarketsizewasTk.12,000crore. Insidersof the industryapprehendthatbytheyear2020BangladeshpharmamarketsizewillbeTk.20,000crore.TheyalsoapprehendthatpharmaproductsaregoingtobeaddedintotheBangladeshexportbasketinabigwaywithincoupleofyears.

PharmaceuticalIndustryofBangladeshhascomealongwayinthepastfourdecadesandhasalreadyestablisheditself indomestic aswell as internationalmarket.The industry contributes about1%of the totalGDP and thesecondlargestindustryintermsofcontributiontogovernmentsexchequer.Bangladeshpharmaceuticalindustryis now heading towards selfsufficiency inmeeting local demand. There aremore than 437 registered small,medium, large scale, localandmultinational companiesoperating in the countryproducingaround97%of thetotal internaldemand.The remaining3%basicallyconstitute importofmuchspecializedproducts likevaccines,anticancerproductsandhormonedrugs.

Bangladeshpharma industry isenjoyinggoodnumberofmacroeconomic factorsascompetitiveadvantages likefavorable government policy, comfortable size of localmarket for 16 crore population, cheap labor, availabletechnological knowhow, low power costs, low costs whitecollar labor etc. Population growth rate, growingincome level of people and increase inmodern healthcare facilities, health awareness of themass people,contractmanufacturing service and export of pharmaceutical products aremajor drivers for future growth inpharmamarketinBangladesh.

Therapeuticclasswiseindustrysalesofpharmaproductintheyear2014&2015(AmountinBDTCrore)

Sl.# NameoftheTherapeuticclass30June2015 30June2014

Sales Marketshare SalesMarketshare

1 AlimentaryT.&Metabolism 4,145.64 34.68 3,635.51 34.342 SystemicAntiInfectives 2,197.38 18.38 2,045.58 19.323 NervousSystem 1,242.44 10.39 1,138.74 10.764 CardiovascularSystem 1,153.32 9.65 988.34 9.345 RespiratorySystem 1,051.38 8.79 881.82 8.336 MusculoSkeletalSystem 654.66 5.48 576.17 5.447 G.U.System&SexHormones 354.00 2.96 285.72 2.708 Dermatological 288.04 2.41 247.00 2.339 Blood+B.FormingOrgans 247.27 2.07 223.41 2.1110 SensoryOrgans 185.12 1.55 160.34 1.5111 SystemicHormones 137.41 1.15 119.72 1.13

ProspectusofACME

2

Sl.# NameoftheTherapeuticclass30June2015 30June2014

Sales Marketshare Sales Marketshare12 HospitalSolutions 127.06 1.06 128.88 1.2213 Parasitology 113.56 0.95 109.70 1.0414 Antineoplast+Immunomodul 34.47 0.29 28.51 0.2715 Various 22.96 0.19 16.58 0.1616 DiagnosticAgents 0.13 0.00 0.34 0.00

Sources:IMSGlobalHealth

AbouttheIssuer

TheACMELaboratoriesLtd.started itscommercialoperation intheyear1954asaproprietorshipconcern.Lateron,theenterpriseconvertedintoaprivatelimitedcompanyon17March1976videsregistrationno.C4745/163of197576undertheCompaniesAct1913and itwasconverted intoapublic limitedcompanyon30November2011. In thewayof itsover sixdecades journey, ithas transformed itself fromgood tobetterand ithasbeenmovingtowardsthegreatfrombetterthroughconvertingintoapubliclimitedCompany.Rightnow,itispeepingintotheCapitalMarket.

The Company is engaged in manufacturing, marketing and distribution of generic pharmaceuticals finishedformulationproductswhich includeshumandrugsdosageforms liketablet,capsule,drysyrup,cream,ointment,powder, injection,drypowder inhaler,metereddosage inhaler,suppository,eyeandnasaldrop, liquid, liquid inhardgelatin,sachetproducts,IVinfusion;veterinarydrugsdosageformslikebolus,liquid,injection,watersolublepowder,premixandherbaldrugsdosageformlikeliquid,capsule,tablet,cream&ointment.TheproductsoftheCompanyaresoldindomesticandinternationalmarkets.

ACMEsStrategies

ACMEskeystrategicobjectivesareto

1) Ensurehealth,vigourandhappinessforall;2) Ensurestableandlongtermreturntoourinvestors;3) Maintainstateoftheartmanufacturingfacilitiesforensuringbestqualityproductstothecustomers;4) ObtainwordclassaccreditationbyproperexecutionofISO9001:2008standard,WHOcGMPstandardand

bestpracticesthatareproveneffective;5) Expand existing and develop new large scale projects to diverse the product range and related

diversification;6) Strengthening our existingmarket share, copewith the changing scenario in the pharma industry to

ensurehigherprescriptionrates, transparencyand improvedproductsandservices forourexistingandpotentialcustomers;

7) Comprehensivemarketinganddistributionnetwork(Bothindomesticandinternationalmarkets);8) Excellentrelationshipwithhealthcareprofessionals,chemistsandotherconcernedstakeholders;9) Seeknewwaysofworkingtoimproveefficiencyandensuresustainability.

ProspectusofACME

3

FinancialInformation(AmountinBDT)

Particulars Fortheyearended30June/asat30June2014 2013 2012 2011 2010Revenue 10,217,931,465 8,973,319,332 8,838,091,913 6,996,750,681 5,557,237,718GrossProfit 3,980,138,911 3,252,298,522 3,140,612,811 2,455,959,940 1,907,611,158NetProfitBeforeTax 1,204,844,233 810,707,935 802,304,895 584,141,913 364,490,469NetProfitAfterTax 893,890,898 505,695,794 476,128,396 344,151,300 227,806,543TotalAssets 22,179,571,084 16,573,644,043 12,732,360,252 9,809,814,023 4,237,525,961ShareholdersEquity 10,692,163,182 9,517,448,502 6,609,452,889 5,823,832,008 1,209,557,215NumberofShares 161,601,700 155,631,100 116,000,000 116,000,000 10,000,000NAVPerShare 66.16 61.15 56.98 50.21 1,209.56EarningsPerShare 5.65 4.19 4.10 2.97 1.96

Featuresoftheissueanditsobjects

TheACMELaboratoriesLtd. intendedto issue50,000,000OrdinaryShares facevalueTk.10each through InitialPublicOffering(IPO)underBookBuildingMethod.

Inthisregard,theCompanyhasconductedaRoadShowon13October2014forPriceDiscoveringof itssecurityunderBookbuildingMethod.Total76(SeventySix)Eligible Institutional Investors(EIIs) in6(six)categorieshavegiventheir IndicativePrices.The Issuer inconsultationwiththe IssueManagerquotedthe IndicativePriceatTk.71.00(SeventyOne),fromtheIndicativePricerangeTk.71.00toTk.86.00,whichissupportedby46(FortySix)EIIsin6 (six)categories,against the requirementofat least20 (twenty)EIIs includingat least3 (Three)quotationscovering10%ofthetotal issuesizeasperRule8(B)(16)(4)(b)oftheSecuritiesandExchangeCommission(PublicIssue)Rules,2006whichabsorbed14,716,300OrdinarySharesoutofofferingshares.

ThesummaryofbiddingprocessparticipatedbytheEligibleInstitutionalInvestors(EIIs)

FaceValue BDT10.00IndicativePrice BDT71.00Price Band (20% Downward and Upward of the IndicativePrice)

BDT56.80toBDT85.20

TotalParticipantsintheBid 193Totalno.ofBids 275HighestBiddingPrice BDT85.20LowestBiddingPrice BDT57.00WeightedaverageandCutoffPrice(applicableforEIIsquotaallotmentincludingMutualFund)

BDT85.20

Discounted price (applicable for general public, ,NRB) BDT77.00

BothoftheweightedaverageandcutoffpricehavebeendeterminedatTk.85.20throughtheelectronicbiddingprocessunderBookBuildingSystemofStockExchanges inBangladesh.Total193Eligible Institutional Investors(EIIs)havesuccessfullyparticipatedinthePriceDiscoveryProcess.Amongstthem,178EIIshavesubscribed50%ofthepublicoffer i.e.25,000,000OrdinarySharesofTk.10/eachataweightedaverageand cutoffpriceofTk.85.20each includingapremiumofTk.75.20per shareas specified in ListofEIIAllotmentunder theheadofDescriptionoftheIssueofthisProspectus.

ProspectusofACME

4

OfferPriceAs per Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015, the cutoff price has beendeterminedatTk.85.20pershareincludingapremiumofTk.75.20pershare,as50%ofthepublicofferexhaustedatweightedaverageandcutoffpriceatTk.85.20pershareand10%willofferforMutualFundatacutoffpriceofTk.85.20pershareandgeneralpublic,NRBsand shallbuy securitiesof theCompanyatadiscountedpriceofTk.77.00pershare.

ObjectiveoftheIssueACME has a succeeding expansion plan to develop three new projects namely Steroid & Hormone Project,OncologyProjectandAyurvedic,ModernHerbal&NutraceuticalsProjectbyusingIPOproceeds.

LegalandotherInformationThelegalandotherinformationagainsttheissueroranyofitsDirectorsareavailableintheChapterXIX,pageno.211undertheheadof'Outstandinglitigations,fineorpenalty'oftheprospectus.

Promotersbackground

Late Hamidur Rahman Sinha, founder of the Company, established The ACME Laboratories in the 1954 as aproprietorshipconcern.Lateron,theenterpriseconvertedintoaprivatelimitedcompanyon17March1976videsregistration no. C4745/163 of 197576 under the CompaniesAct1913. At that time Sinha family held 83.33percentshareof theCompanyand followingpromoterswerecontributed toACMEs journey.Among them twopromotersnamelyMr.MizanurRahmanSinhaandMrs. JahanaraMizanSinhaare still serving theCompanyasmembers of theBoardwhose background are discussed in the Chapter 'Directors' andOfficers'page no. 174undertheheadofshortbiodataofthedirectorsandothers.Mr.NasirurRahmanSinha,Mrs.ParvinAkhterNasirandMrs.Khurshid JahanDabir are current shareholdersof theCompany. Sharesof theotherpromotersweretransferredand/ortransmittedamongtheothershareholdersoftheCompany.

Sl.No. Name1 LateHamidurRahmanSinha2 Mr.MasudulHaque3 Mr.MasumRahman4 Mr.NasirurRahmanSinha5 Mr.MizanurRahmanSinha6 Capt.(Rtd.)AnisurRahmanSinha7 Mrs.SitaraHossain8 Mrs.ParvinAkhterNasir9 Mrs.Jahanara Mizan10 Mrs.KhurshidJahanDabir11 Mrs.NazmaRahman12 Mrs.LaizuDabir

ProspectusofACME

5

CapitalstructureandhistoryofcapitalraisingAuthorizedCapital

Particulars No.ofOrdinaryShares NominalValueinBDT TotalAmountinBDTAuthorizedCapital 500,000,000 10 5,000,000,000

PaidupCapitalDateofallotment No.ofShares AmountinBDT

17.03.1976 600 6,00016.05.1976 2,000 20,00016.05.1976 27,500 275,00010.08.1986 300,000 3,000,00029.11.2006 9,669,900 96,699,00005.05.2011 106,000,000 1,060,000,00020.05.2013 39,631,100 396,311,00026.11.2013 59,70,600 59,706,000

Total161,601,[email protected] 1,616,017,000

PaidupcapitalbeforeandafterthePublicIssue

ParticularsofPaidupCapital No.ofOrdinaryShares AmountinBDT

BeforeInitialPublicOfferings 161,601,700 1,616,017,000

InitialPublicOfferingthroughBookBuildingMethod 500,000,00 500,000,000

AfterInitialPublicOfferings 211,601,700 2,116,017,000

SummaryofValuationReportofsecurities

Sl.# Particulars AmountinBDT

Method1(a) NetAssetsValueperShareatcurrentcostasat30June2015 70.37

Method1(b) NetAssetsValueperShareathistoricalcostasat30June2015 37.45

Method2 Earningsbasedvaluepershareasat30June2015 110.34

Method3 AverageMarketPricePerShareofSimilarStock 271.59

ProspectusofACME

6

CHAPTERII:CONDITIONSIMPOSEDBYTHECOMMISSIONDISCLOSUREINRESPECTOFISSUANCEOFSECURITYINDEMATERIALIZEDFORM

AsperprovisionsoftheDepositoryAct,1999andregulationsmadethereunder,shareoftheCompanywillbeissuedindematerializedformonlyandforthispurposeTheACMELaboratoriesLtd.willsignanagreementwiththeCentralDepositoryBangladeshLimited(CDBL).Therefore,alltransfers,transmissions,splittingorconversionswilltakeplaceon the CDBL system and any further issuance of shares (including rights and bonus) will also be issued indematerializedformonly.

CONDITIONSUNDER2CCOFTHESECURITIESANDEXCHANGEORDINANCE,1969

PARTA1. Theabridgedversionof theprospectus,asapprovedby theCommission, shallbepublishedby the issuer in4

(Four)nationaldailynewspapers(twoinBanglaandtwoinEnglish),within02(two)workingdaysofissuanceofthisconsent letter.The issuershallpost the fullprospectus,vettedbyCommission, in the issuerswebsiteandshallalsoputon thewebsitesof theCommission, stockexchanges,and the issuemanager,within 03 (three)workingdaysfromthedateof issuanceofthis letterandshallremainpostedtilltheclosureofthesubscriptionlist.TheissuershallsubmittotheCommission,thestockexchangesandtheissuemanageradiskettecontainingthetextofthevettedprospectusinMSWordformat.

2. Thecompanyshallsubmit40(Forty)copiesoftheprintedprospectustotheCommissionforofficialrecordwithin05(Five)workingdaysfromthedateofpublicationoftheabridgedversionoftheprospectusinthenewspaper.

3. TheissuercompanyandtheissuemanagershallensuretransmissionoftheprospectusanditsabridgedversionforNRBsthroughemailtotheBangladeshEmbassiesandMissionsabroadwithin05(Five)workingdaysfromthedateofpublicationof theabridgedversionof theprospectus in thenewspaper.A compliance report shallbesubmittedinthisrespecttotheCommissionjointlybytheissuerandtheIssueManagerwithin02(Two)workingdaysfromthedateofsaidtransmissionoftheprospectus.

4. Thefollowingdeclarationshallbemadebythecompanyintheprospectus,namely:DeclarationaboutListingofShareswiththestockexchange(s):

Noneofthestockexchange(s),ifforanyreason,grantslistingwithin75(SeventyFive)daysfromtheclosureofsubscription, any allotment in terms of this prospectus shall be void and the company shall refund thesubscriptionmoneywithin15 (Fifteen)daysfromthedateofrefusalfor listingbythestockexchangesorfromthedateofexpiryofthesaid75(SeventyFive)days,asthecasemaybe.

In case of nonrefund of the subscriptionmoneywithin the aforesaid 15 (Fifteen) days, theDirectors of thecompany,inadditiontotheissuercompany,shallbecollectivelyandseverallyliableforrefundofthesubscriptionmoney,withinterestattherateof2%(twopercent)abovethebankrate,tothesubscribersconcerned.

The issuemanager, in addition to the issuer company, shall ensure due compliance of the abovementionedconditionsandshallsubmitcompliancereportthereontotheCommissionwithin07(Seven)daysofexpiryoftheaforesaid15(Fifteen)daystimeperiodallowedforrefundofthesubscriptionmoney.

ProspectusofACME

7

5. The IPOshallstandcancelled incaseofundersubscription inanycategoriesabove35%. Insuchanevent, theissuerandissuemanagershallinformtheCommissionwithin02(two)workingdaysandreleasethesubscriptionmoneywithin 10 (ten)working days after receiving verification report from CDBL and the information fromexchangesregardingsubscription.

6. 20%ofthesecuritiesforgeneralpublicshallbereservedforwZM z wewbqvMKvix. Incaseofoversubscriptioninthegeneralpubliccategory,theissuerandtheissuemanagershalljointlyconductanopenlottery.IncaseofoversubscriptionbytheMutualFunds,securitiesreservedforthemshallbeallottedonproratabasis.

7. Allapplicantsundergeneralpubliccategoryshallapplyforminimummarketlotof100sharesworthTaka7,700/(Takaseventhousandsevenhundredonly)foramarketlotoritsmultiples.

8. Anapplicantcannotsubmitmorethantwoapplications,one inhis/herownnameandtheother jointlywithanotherperson. Incase,anapplicantsubmitsmorethantwoapplications,allapplicationswillbe treatedasinvalidandwillnotbeconsidered forallotmentpurpose. Inaddition,15% (fifteen)oftheapplicationmoneywillbeforfeitedbytheCommissionandthebalanceamountwillberefundedtotheapplicant.

9. Theapplicantswhohaveapplied formore than twoapplicationsusingsamebankaccount, theirapplicationwillnotbeconsideredforlotteryandtheCommissionwillforfeit15%oftheirsubscriptionmoney.

10. Makinganyfalsestatementintheapplicationorsupplyingofincorrectinformationthereinorsuppressinganyrelevantinformationintheapplicationshallmaketheapplicationliabletorejectionandsubjecttoforfeitureof25%of theapplicationmoneyand/or forfeitureof share (unit)beforeorafter issuanceof the sameby theissuer.The said forfeited applicationmoneyor share (unit)willbedeposited in accountof theBangladeshSecuritiesandExchangeCommission(BSEC).Thisisinadditiontoanyotherpenaltiesasmaybeprovidedforbythelaw.

11. The company shall furnish the listof allotees to theCommission and the stockexchange(s) simultaneously inwhichtheshareswillbelisted,within24(TwentyFour)hoursofallotment.

12. Sharesnotallottedatthetimeofaccordingthisconsent,butallottedafterlisting,infavorofsponsors,directorsorshareholdershaving5%ormoresharesthroughstockdividends,shallbesubjecttoalockinperiodof02(two)yearsfromthedateofissuanceoftheprospectus.

13. IfanyshareofSponsors/Directors/Promotersisinpaperformat,itshallbehandedovertosecuritiescustodianregisteredwith theCommissionandshall remainheld tillcompletionof lockinperiodand thenameof thesecuritiescustodianshallbefurnishedtotheCommissionjointlybytheissuerandissuemanager,alongwithaconfirmationthereoffromthecustodian,withinoneweekoflistingoftheshareswiththestockexchange(s).Or they (sharesofSponsors/Directors/Promoters) canbedematedand shall remain in lockinunderCDBLsystem and issuer shall submit adematerialization confirmation report generatedbyCDBL and attestedbyManagingDirectorofthecompanyalongwiththelockinconfirmationtotheCommissionwithinoneweekoflistingoftheshareswiththestockexchange(s).InrespectofsharesotherthanSponsors/Directors/PromoterstheissuerwillensuretheirlockinofthosesharesandsubmitastatementtothiseffecttotheCommission.

ProspectusofACME

8

14. 25%ofthesharesallottedtoeligibleinvestors(includingMutualFund),shallbelockedinfor3(three)monthsandother25%ofthesharesallottedtothem,shallbelockedinfor6(six)months.

15. The company shallnotdeclareanydividend/bonus sharesbefore listingof its securitieswithanyexchangefromthedateofthisconsentforraisingofcapital.

PARTB

ApplicationProcess

Step1(Applicant)

1. An applicant for public issue of securities shall submit application/buy instruction to the Stockbroker/Merchant Banker where the applicant maintains customer account, within the cutoff date (i.e. thesubscriptionclosingdate),whichshallbethe25th(twentyfifth)workingdayfromthedateofpublicationofabridgedversionofprospectus.

2. Theapplication/buyinstructionmaybesubmittedinprescribedpaperorelectronicform,whichshallcontaintheCustomerID,Name,BOAccountNumber,NumberofSecuritiesappliedfor,TotalAmountandCategoryoftheApplicant.Atthesametime:

a) OtherthannonresidentBangladeshi(NRB)andForeignapplicantsshallmaketheapplicationmoneyand service charge available in respective customer account maintained with theStockbroker/MerchantBanker.Nomargin facility,advanceordeferredpayment ispermissible forthispurpose.Incasetheapplicationismadethroughamarginaccount,theapplicationmoneyshallbedepositedseparatelyand theStockbroker/MerchantBankershallkeep theamountsegregatedfromthemarginaccount,whichshallberefundabletotheapplicant,ifbecomeunsuccessful.

b) NonresidentBangladeshi (NRB) and Foreign applicants shall submit bank drafts (FDD), issued infavoroftheIssuerforanamountequivalenttotheapplicationmoney,withtheirapplicationtotheconcernedStockbroker/MerchantBanker.ANonresidentBangladeshi(NRB)andForeignapplicantmayalsosubmitasingledraftagainst02(two)applicationsmadebyhim/her,i.e.oneinhis/herownnameandtheotherjointlywithanotherperson.Thedraft(FDD)shallbeissuedbytheBankwheretheapplicantmaintainsNITA/ForeignCurrencyaccountdebitingthesameaccount.Nobankershallissuemore than twodrafts from anyNITA/ForeignCurrency account for anypublic issue.At thesame time, the applicant shallmake the service charge available in respective customer accountmaintainedwiththeStockbroker/MerchantBanker.

Step2(Intermediary)

3. The Stockbroker/Merchant Banker shallmaintain a separate bank account only for this purpose namelyPublicIssueApplicationAccount.TheStockbroker/MerchantBankershall:

a) posttheamountseparatelyinthecustomeraccount(otherthanNRBandForeignapplicants),anduponavailabilityoffund,blocktheamountequivalenttotheapplicationmoney;

ProspectusofACME

9

b) accumulateall theapplication/buy instructions receivedup to thecutoffdate,deposit theamount inthe Public IssueApplicationAccountmaintainedwith itsbankwithin the firstbankinghourofnextworkingdayofthecutoffdate. IncaseofapplicationsubmittedbytheStockdealerortheMerchantBankers own portfolio, the application amount should also be transferred to the Public IssueApplicationAccount;

c) instructthebankertoblocktheaccountforanamountequivalenttotheaggregateapplicationmoneyandtoissueacertificateinthisregard.

4. Banker of the Stockbroker/Merchant Banker shall block the account as requested for, issue a certificateconfirmingthesameandhandoverittotherespectiveStockbroker/MerchantBanker.

5. ForNonresidentBangladeshi(NRB)andForeignapplicants,theStockbroker/MerchantBankershallpreparealistcontainingthedraftinformationagainsttherespectiveapplicantsparticulars.

6. TheStockbroker/MerchantBankershallpreparecategorywiselistsoftheapplicantscontainingCustomerID,Name,BOAccountNumberandNumberofSecuritiesappliedfor,andwithin03(three)workingdaysfromthecutoffdate,sendtotherespectiveExchange,thelistsofapplicantsinelectronic(textformatwithtilde~ separator) format, the certificate(s) issued by its banker, the drafts received from NonresidentBangladeshi(NRB)andForeignapplicantsandacopyofthelistcontainingthedraftinformation.

7. On thenextworkingday, theExchanges shallprovide the Issuerwith the information received from theStockbroker/Merchant Bankers, the drafts submitted by Nonresident Bangladeshi (NRB) and Foreignapplicants and the list containing thedraft information. Exchanges shall verify andpreserve thebankerscertificatesintheircustody.

8. Theapplication/buy instructions shallbepreservedby theStockbroker/MerchantBankersup to6monthsfromlistingofthesecuritieswithexchange.

Step3(Issuer)

9. The Issuer shallprepare consolidated listof the applications and send the applicantsBOIDs inelectronic(text)formatinaCDROMtoCDBLforverification.TheIssuershallposttheconsolidatedlistofapplicantsonitswebsiteandwebsitesoftheExchanges.CDBLshallverifytheBOIDsastowhethertheBOaccountsoftheapplicantsareactiveornot.

10. On the next working day, CDBL shall provide the Issuer with an updated database of the applicantscontaining BO Account Number, Name, Addresses, Parents Name, Joint Account and Bank Accountinformationalongwiththeverificationreport.

11. After receiving verification report and information fromCDBL, the Issuer shall scrutinize the applications,preparecategorywiseconsolidatedlistsofvalidandinvalidapplicationsandsubmitreportoffinalstatusofsubscriptiontotheCommissionandtheExchangeswithin10(ten)workingdaysfromthedateofreceivinginformationfromtheExchanges.

12. The Issuerand the issuemanagershallconductcategorywise lotterywith thevalidapplicationswithin03(three)workingdaysfromthedateofreportingtotheCommissionandtheExchanges,ifdonotreceiveanyobservationfromtheCommissionortheExchanges.

ProspectusofACME

10

13. TheIssuerandissuemanagershallarrangepostingthelotteryresultontheirwebsiteswithin06(six)hoursandonthewebsitesoftheCommissionandExchangeswithin12(twelve)hoursoflottery.

14. Within02(two)workingdaysofconductinglottery,theIssuershall:

a) sendcategorywiselistsofthesuccessfulandunsuccessfulapplicantsinelectronic(textformatwithtilde~separator)formattotherespectiveExchange.

b) send category wise lists of unsuccessful applicants who are subject to penal provisions as perconditionsoftheConsentLetter issuedbytheCommission inelectronic (text formatwithtilde ~separator) formattotheCommissionandExchangesmentioningthepenaltyamountagainsteachapplicant.

c) issue allotment letters in the names of successful applicants in electronic format with digitalsignaturesandsendthosetorespectiveExchangeinelectronicform.

d) send consolidated allotment data (BOID and number of securities) in electronic text format in aCDROMtoCDBLtocredittheallottedsharestotherespectiveBOaccounts.

Step4(Intermediary)

15. On the next working day, Exchanges shall distribute the information and allotment letters to theStockbroker/MerchantBankersconcernedinelectronicformatandinstructthemto:

a) remittheamountofsuccessful(otherthanNRBandForeign)applicantstotheIssuersrespectiveEscrowAccountopenedforsubscriptionpurpose,andunblocktheamountofunsuccessfulapplicants;

b) sendthepenaltyamountofotherthanNRBandForeignapplicantswhoaresubjecttopenalprovisionstotheIssuersrespectiveEscrowAccountsalongwithalistandunblockthebalanceapplicationmoney;

16. On the next working day of receiving the documents from the Exchanges, the Stockbrokers/MerchantBankershallrequestitsbankerto:

a) releasetheamountblockedforunsuccessful(otherthanNRBandforeign)applicants;

b) remittheaggregateamountofsuccessfulapplicantsandthepenaltyamountofunsuccessfulapplicants(otherthanNRBandforeign)whoaresubjecttopenalprovisionstotherespectiveEscrowaccountsoftheIssueropenedforsubscriptionpurpose.

17. OnthenextworkingdayofreceivingrequestfromtheStockbrokers/MerchantBankers,theirbankersshallunblocktheamountblockedintheaccount(s)andremittheamountasrequestedfortotheIssuersEscrowaccount.

18. Simultaneously, the stockbrokers/Merchant Bankers shall release the applicationmoney blocked in thecustomer accounts; inform the successful applicants about allotment of securities and the unsuccessfulapplicantsaboutreleasingtheirblockedamountsandsenddocumentstotheExchangeevidencingdetailsofthe remittances made to the respective Escrow accounts of the Issuer. The unblocked amounts ofunsuccessfulapplicantsshallbeplacedaspertheir instructions.TheStockbroker/MerchantBankershallbeentitledtorecoverthewithdrawalcharges,ifany,fromtheapplicantwhowantstowithdrawtheapplicationmoney,uptoanamountofTk.5.00(five)perwithdrawal.

ProspectusofACME

11

19. All drafts submitted by NRB or Foreign applicants shall be deposited in the Issuers respective Escrowaccounts and refund shall bemade by the Issuer by refundwarrants through concerned stockbroker ormerchant banker or transfer to the applicants bank account through banking channel within 10 (ten)workingdaysfromthedateoflottery.

Miscellaneous:

20. TheIssuer,IssueManager(s),StockbrokersandMerchantBankersshallensurecomplianceoftheabove.

21. Thebankdrafts(FDD)shallbeissuedconsideringTTCleanexchangerateofSonaliBankLtd.onthedateofpublicationofabridgedversionofprospectus.

22. Amount deposited and blocked in the Public Issue Application Account shall not be withdrawn ortransferred during the blocking period. Amount deposited by the applicants shall not be used by theStockbrokers/MerchantBankersforanypurposeotherthanpublicissueapplication.

23. The Issuershallpaythecostsrelatedtodatatransmission, ifclaimedbytheExchangeconcerneduptoanamountofTk.2,00,000.00(takatwolac)forapublicissue.

24. The Stockbroker/Merchant Bankers shall be entitled to a service charge of Tk.5.00 (taka five) only perapplication irrespectiveoftheamountorcategory.Theservicechargeshallbepaidbytheapplicantatthetimeofsubmittingapplication.

25. The Stockbroker/MerchantBanker shallprovide the Issuerwitha statementof the remittanceanddraftssent.

26. The Issuershallaccumulate thepenaltyamount recoveredandsend it to theCommission throughabankdraft/paymentorderissuedinfavoroftheBangladeshSecuritiesandExchangeCommission.

27. The concerned Exchange are authorized to settle any complaints and take necessary actions against anyStockbroker/MerchantBanker in caseof violationof anyprovisionof thepublic issue applicationprocesswithintimationtotheCommission.

PARTC1. Theissuemanagershallcarefullyexamineandcomparethepublishedprospectusanditsabridgedversiononthe

dateofpublicationwiththecopiesvettedbytheCommission.Ifanydiscrepancyisfound,boththeissuerandtheissue manager shall jointly publish a corrigendum immediately in the same newspapers concerned,simultaneouslyendorsingcopiesthereoftotheCommissionandthestockexchangesconcerned. Inthisregard,the issuemanagershallsubmitacompliancereporttotheCommissionwithin5workingdaysfromthedateofsuchpublications.

2. The fund collected throughPublicOffering shallnotbeutilizedprior to listingwith stock exchanges and thatutilizationof the said fund shallbeeffected throughbankingchannel, i.e. throughaccountpayeecheque,payorderorbankdraftsetc.

3. ThecompanyshallfurnishstatusreportonutilizationofPublicOfferingproceedsauditedbyforeignaffiliatedauditorsandauthenticatedbytheboardofdirectorstotheCommissionandtheexchangeswithin15(Fifteen)daysoftheclosingofeachmonthuntilsuchfundisfullyutilized,asmentionedintheschedulecontainedintheprospectus,and intheeventofany irregularityor inconsistency,theCommissionmayemployorengageanyperson,at issuerscost,toexaminewhetherthe issuerhasutilizedtheproceedsforthepurposedisclosed intheprospectus.

ProspectusofACME

12

4. WhileauditingtheutilizationofIPOproceeds,theauditorswillperformtheirjobsunderthefollowingtermsofreference(TOR)andconfirmthesameintheirreport/certificate:

(a) WhetherIPOproceedshavebeenutilizedforthepurposes/headsasspecifiedintheprospectus;

(b) Whether IPOproceedshavebeenutilized in linewiththecondition(ifany)oftheCommissionsconsentletter;

(c) Whether utilization of IPO proceeds have been completed within the timeschedule/implementationscheduleasspecifiedinthepublishedprospectus;

(d) Whether utilization of IPO proceeds is accurate and for the purpose of the company asmentioned/specifiedinthepublishedprospectus;and

(e) The auditors should also confirm that:(i)assets have been procured/imported/constructedmaintainingproper/requiredprocedureaswellasatreasonableprice;and(ii)auditorsreporthasbeen made on verification of all necessary documents/papers/vouchers in support of IPOproceedsmakingreconciliationwithBankStatement.

5. Alltransactions,excludingpettycashexpenses,shallbeeffectedthroughthecompanysbankaccount(s).

6. Proceedsofthepublicofferingshallnotbetransferredtoanyotherbankaccountbeforelistingwithexchangesandusedforanypurposeotherthanthosespecified intheprospectus.Anydeviation inthisrespectmusthaveprior approval of the shareholders in the shareholdersmeeting under intimation to the Commission and theexchanges.

7. Ifanyquarterorhalfyearofthefinancialyearendsafterpublicationoftheabridgedversionofprospectusandbefore listing of its securities with any exchange, the company shall disseminate/transmit/submit the saidquarterly/halfyearlyfinancialstatements inaccordancewiththeCommissionsNotificationSEC/CMRRCD/2008183/admin/0334datedSeptember27,2009andRules13oftheSecuritiesandExchangeRules,1987.

8. IntheeventofarisingissuesconcerningPriceSensitiveInformationasdefinedunderthewmwKDwiwUR I GP Kwgkb(myweavfvMx eemv wbwlKiY) wewagvjv 1995 afterpublicationoftheabridgedversionofprospectusandbefore listingofits securities with any exchange, the company shall disseminate/transmit/submit the information as pricesensitiveinaccordancewiththeCommissionsNotificationNo.SEC/SRMI/200953/1950datedOctober24,2000.

PARTD

1. As per provision of the Depository Act, 1999& regulationsmade there under, shareswill only be issued indematerializedcondition.Alltransfer/transmission/splittingwilltakeplaceintheCentralDepositoryBangladeshLtd. (CDBL) systemandany further issuanceof shares (Including rights/bonus)willbemade indematerializedformonly.

2. The issuer and the issuemanager shall ensure due compliance of all the above conditions, the BangladeshSecuritiesandExchangeCommission(PublicIssue)Rules,2015andthelistingregulationsoftheexchanges.

3. The Commissionmay impose further conditions/restrictions etc. from time to time as andwhen considerednecessarywhichshallalsobebindingupontheissuercompany.

ProspectusofACME

13

Consent to commencebiddingby theeligible institutional investors forpricediscoveryof issuanceof50,000,000OrdinarySharesofTheACMELaboratoriesLtd.

TheCommissionherebyaccords its consent,vide letterno.BSEC/CUBB03/2014/1,Dated: January03,2016undersection2A,subsections(2)(a)and(2)(b),readwithsection2BoftheSecuritiesandExchangeOrdinance,1969andtheSecuritiesandExchangeCommission (Public issue)Rules2006,basedonall theabovedocumentsand informationprovidedtoBSEC,tocommencebiddingbytheeligibleinstitutionalinvestorsforpricediscoveryofissueof50,000,000ordinarysharesofTheACMELaboratoriesLtd.(hereinafterreferredtoasIssuer*or'company')throughpublicoffer,subjecttothefollowingconditionsimposedundersection2CCofthesaidOrdinance:

1. The indicativepriceTk.71.00 (taka seventyone)only shallbe thebasis for formalpricebuildingwith anupwardanddownwardbandof20% (twentypercent)of indicativepricewithinwhicheligible institutionalinvestorsshallbidfortheallocatedamountofsecurity:

2. If institutional quota is not cleared at 20% (twenty percent) below indicative price, the issue will beconsideredcancelledunlessthefloorpriceisfurtherloweredwithinthefacevalueofsecurity,providedthat.theissuer'schancetolowerthepriceshallnotbemorethanonce;

3. ProspectuswillhavetobepostedontheWebsitesoftheCommission,stockexchanges,issuemanagerandissueratleasttwoweekspriortothestartofthebiddingtofacilitateinvestorstoknowaboutthecompanyandallaspectofoffering.

Associations(StockExchanges,BMBA,BAB,BLFCA,BlA,AAMC)shallensuredisseminationofhardcopyofdraftprospectusamongtheirrespectivemembers;

4. No institutional investor shall be allowed to quote formore than 5% (five percent) of the total securityofferedforsale,subjecttomaximumof5(five)bids:

5. Institutional bidding periodwill be 48 (forty eight) hourswhichmay be changed by the approval of theCommission:

6. TheCompanyandtheIssueManagershallsubmitthestatusofbiddingandtheCutoffpricealongwiththefinaldraftprospectus, simultaneously to theCommissionand the stockexchangeswithin05(five)workingdaysfromtheclosingdayofbidding;

7. The bidding will be handled through a uniform and integrated automated system of thestockexchanges,or anyotherorganization asdecidedby theCommission,especiallydeveloped forbookbuildingmethod;

8. The volume and value of bid at different prices will be displayed on the monitor of the saidsystemwithoutidentifyingthebidder;

9. The institutional bidders will be allotted security on prorate basis at the weighted averagepriceofthebidsthatwouldclearthetotalnumberofsecuritiesbeingissuedtothem;

10. Institutional bidders shall deposit their bid with 20% (twenty percent) of the amount of bidinadvance to thedesignatedbankaccountand the restamount to settle theduesagainst security tobeissuedtothemshallbedepositedwithin5(five)workingdayspriortothedateofopeningsubscriptionforgeneralinvestors;

ProspectusofACME

14

11. In case of failure to deposit remaining amount that is required to be paid by institutionalbidders for full settlement of the security to be issued in their favor, 50% (fifty percent) of bidmoneydeposited by them shall be forfeited by the Commission. The securities earmarked for the bidder whodefaultedinmakingpaymentshallbeaddedtothegeneralinvestorquota;

12. Generalinvestors,whichincludemutualfundsandNRBs,shallbuyatthecutoffprice;

13. Thereshallbeatimegapof15(fifteen)workingdaysorasmaybedeterminedbytheCommissionbetweenclosureofbiddingbyeligibleinstitutionalinvestorsandsubscriptionopeningforgeneralinvestors,

14. SubscriptionforgeneralinvestorsshallremainopenfortheperiodasspecifiedbytheCommission;

15. GeneralinvestorsshallplacetheirapplicationthroughStockBrokersandMerchantbankers:

16. AllapplicationmoneyshallbekeptinaseparateescrowaccountopenedwithadesignatedbankwithpriorintimationtotheCommission.IssuerwillnotbeallowedtoutilizesuchmoneyuntilalltheprocessofissueiscompletedandCommission'sconsenttothiseffectisobtained:

17. There shallbe lockinof4 (four)months from the first tradingdayon the security issued to the eligibleinstitutionalinvestors:

18. Within5(five)workingdaysofcompletionofthebiddingprocess,theissuerandissuemanagershallsubmittotheCommission,thefollowingpapers/documentsforfinalapprovaloftheprospectus:

i. 10(ten)copiesofdraftprospectusdulysignedbytheissuerandissuemanagercontainingamongothers,thecutoffpriceandweightedaveragepriceasdiscoveredthroughthebiddingprocess,dateofopeningandclosingofsubscriptionforthegeneralinvestors,numberofsharestobeallottedtoeachcategoryofinvestorsandastatementofsharestobeallottedtoeachoftheeligibleinstitutionalinvestors:

ii. Statementofthedesignatedbankaccountevidencingdepositofmoneypaidinadvancebytheeligibleinstitutionalinvestors;

iii. Hardcopyandsoftcopyofthebiddingresults;

19. Thecompanyalongwiththe IssueManagerandRegistrartothe IssueshallensureduecomplianceoftheaboveandthesecuritiesandExchangeCommission(Publicissue)Rules,2006.

AllocationofSharesofTheACMELaboratoriesLimitedFurthertothe letterno.BSEC/CI/BB03/2014/1datedJanuary03,2016regardingconsenttocommencebiddingbythe eligible institutional investors, an additional letter no. BSEC/CI/BB3/2014/107; dated: February 17, 2016wasissued byBangladesh Securities and Exchange Commission to allocate the shares in the followingmanner as perBangladeshSecuritiesandExchangeCommission(PublicIssue)Rules,2015:

Eligibleinvestors(EIs) Generalpublic

MutualFunds OtherEIs NRB Others

10%Atthecutoffprice

50%Atthecutoffprice

10%At10%discount(atnearestinteger)fromthecutoffprice

30%At10%discount(atnearestinteger)fromthecutoffprice

ProspectusofACME

15

CHAPTERIII:DECLARATIONS&DUEDILIGENCECERTIFICATES

AnnexureA

DeclarationabouttheresponsibilityoftheDirectorsincludingtheManagingDirectorofTheACMELaboratoriesLtd.inrespectoftheProspectus

[Rule4(1)(d)]

This Prospectus has been prepared, seen and approved by us, and we, individually and collectively, accept fullresponsibility for the authenticity and accuracy of the statements made, information given in the Prospectus,Documents, Financial Statements,Exhibits,Annexes,Papers submitted to theCommission in support thereof,andconfirm, aftermaking all reasonable inquiries that all conditions concerning thisPublic Issue andProspectushavebeenmetand that therearenoother informationordocuments theomissionofwhichmakeany informationorstatementsthereinmisleadingforwhichtheCommissionmaytakeanycivil,criminaloradministrativeactionagainstanyorallofusasitmaydeemfit.

WealsoconfirmthatfullandfairdisclosurehasbeenmadeinthisProspectustoenabletheinvestorstomakeawellinformeddecisionforinvestment.

Sd/

(AfzalurRahmanSinha)

Chairman

Sd/

(MizanurRahmanSinha)

**ManagingDirector

Sd/

(Dr.JabilurRahmanSinha)

Director

Sd/

(JahanaraMizanSinha)

Director

Sd/

(NaginaAfzalSinha)

Director

Sd/

(SyedShahedReza)

IndependentDirector

Sd/

(FouziaHaque,FCA)

IndependentDirector

**ManagingDirectorofthecompanyisalsoashareholderofthecompany

ProspectusofACME

16

AnnexureB

DueDiligenceCertificatebyIssueManager[Rule4(1)(d)]

ToTheBangladeshSecuritiesandExchangeCommission

Sub:PublicIssueof50,000,000OrdinarySharesofTk.4,096,000,000byTheACMELaboratoriesLimited.

DearSir,We,theissuemanagertotheabovementionedforthcomingissue,stateandconfirmasfollows:

(1) We have examined all the documents submittedwith the application for the abovementioned public issue,visitedthepremisesoftheissuerandinterviewedtheChairperson,Directorsandkeymanagementpersonneloftheissuerinconnectionwiththefinalizationoftheprospectuspertainingtothesaidissue;

(2) Onthebasisofsuchexaminationandthediscussionswiththedirectors,officersandauditorsoftheissuer,otheragencies, independent verificationof the statements concerningobjectsof the issue and the contentsof thedocumentsandothermaterialsfurnishedbytheissuer.

WECONFIRMTHAT:

(a) The prospectus filed with the Commission is in conformity with the documents,materials and papersrelevanttotheissue;

(b) Allthelegalrequirementsrelatingtotheissueasalsointherules,notification,guidelines,instructions,etc.framed/issuedby theCommission,other competent authorities in thisbehalf and theGovernmenthavebeendulycompliedwith;

(c) Thedisclosuresmade inprospectus are true, fair and adequate to enable the investors tomake awellinformeddecision for investment in theproposed issueand suchdisclosures are in accordancewith therequirementsoftheCompaniesAct,1994andtherelevantprovisionsoftheBangladeshSecuritiesExchangeCommission(PublicIssue)Rules,2015andotherapplicablelaws;

(d) Besidesourselves,all the intermediariesnamed in theprospectus is registeredwith theCommissionandthattilldatesuchregistrationsarevalid;

(e) We have satisfied ourselves about the capability of the underwriters to fulfill their underwritingcommitments;

(f) Theproposedactivitiesoftheissuerforwhichthefundsarebeingraisedinthepresentissuefallwithinthemainobjects listed intheobjectclauseoftheMemorandumofAssociationorothercharterofthe issuerand that theactivitieswhichhavebeen carriedout tillnowarevalid in termsof theobject clauseof itsMemorandumofAssociation;

(g) Necessaryarrangementshavebeenmadetoensurethatthemoneystobereceivedpursuanttothe issueshallbekeptinaseparatebankaccountandshallbeusedforthepurposesdisclosedintheuseofproceedssectionoftheprospectus;

(h) All the applicable disclosuresmandated in the Bangladesh Securities and Exchange Commission (PublicIssue)Rules,2015havebeenmadeinadditiontootherdisclosureswhich,inourview,arefairandadequatetoenabletheinvestortomakeawellinformeddecision;

ProspectusofACME

17

(i) Weenclose anoteexplaininghow theprocessofduediligencehasbeenexercisedbyus in viewof thenatureofcurrentbusinessbackgroundofthe issuer,situationatwhichtheproposedbusinessstands,therisk factors,sponsorsexperiencesetc.Wealsoconfirm thattheduediligencerelatedprocess,documentsandapprovalmemosshallbekept inrecordbyus forthenext5 (five)yearsafterthe IPOforanyfurtherinspectionbytheCommission.

(j) Weenclosea checklist confirming rulewise compliancewith theapplicableprovisionsof theBangladeshSecuritiesandExchangeCommission(Public Issue)Rules,2015containingdetailssuchastherulenumber,itstext,thestatusofcompliance,pagenumbersoftheprospectuswheretheruleshasbeencompliedwithandourcomments,ifany;

(k) Wealsodeclarethatwehavemanagedthepublicissueoffollowingissuersinthelast05(five)years:

SerialNo. IssueMonth/Year(JulytoJune) IssueFY IssuePrice DividendPaymentHistory

1 Noissuehasbeenapproved 201011 N/A N/A

2

BangladeshShippingCorporation(RPO)

201112

500.002015 10% B, 201410% C,201320%C,15%B,201220%C,10%B

GSPFinanceCompany(Bangladesh)Limited 25.00201455% B, 2013 12% B,201110%B

BangladeshSubmarineCableCompanyLimited 35.00201520%B,201420% B,5%C,201315%B,

3OrionPharmaLimited

20121360.00

2014 15% C, 2013 15% C,201220%C,20%B.

BengalWindsorThermoplasticsLimited 40.002014 10% B, 2013 23% C,20128%B,14%C

4

ApolloIspatComplexLimited

201314

22.00 20153%C,12% B,201414%BShurwidIndustriesLimited 10.00 201415%B

SaifPowertecLimited 30.00 201529%B,2014 27% B

WesternMarinShipwardLimited 35.00 20145%C,10%B

5NationalFeedMillsLimited

20141510.00 201410%B

HamidFabricsLimited 35.00201515%C,5%B, 201410%C,10%B

ForManagertotheIssue

Dhaka,Date:February8,2016

Sd/(NasrinSultana)

ChiefExecutiveOfficerICBCapitalManagementLimited

ProspectusofACME

18

Duediligencecertificatebytheunderwriter(ICBCapitalManagementLimited)[Rule4(1)(d)]


Sub:PublicOfferof50,000,000OrdinarySharesofTk.4,096,000,000ofTheACMELaboratoriesLimited.

DearSir,We, theundernotedUnderwriter to theabovementioned forthcoming issue, state individuallyand collectivelyasfollows:(1) We,whileunderwriting the abovementioned issueona firm commitmentbasis,haveexamined thedraft

prospectus,otherdocumentsandmaterialsasrelevanttoourunderwritingdecision;and

(2) Onthebasisofsuchexaminationandthediscussionswiththeissuercompany,itsdirectorsandofficers,andotheragencies,independentverificationofthestatementsconcerningobjectsoftheissueandthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany.

WECONFIRMTHAT:

(a) WeareregisteredwiththeBangladeshSecuritiesandExchangeCommissionasamerchantbankerandeligibletocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.131.86(Onehundredthirtyone point eight six) crore andwe have the capacity to underwrite a total amount of Tk. 659.30 (Taka sixhundred fifty nine point three zero) crore as per relevant legal requirements. We have committed tounderwriteforuptoTk.696,320,000(SixtyNinecroreSixtyThreelacandTwentythousand)fortheupcomingissues.

(b) Atpresent,thefollowingunderwritingobligationsarependingforus:

Sl.No. NameoftheCompany AmountUnderwritten(inTk.)

1 DoreenPowerGenerationsandSystemsLimited 145,000,000.002 BangladeshNationalInsuranceCompanyLimited 13,275,000.003 EnergypacPowerGenerationLimited 7,812,500.004 IDLCFinanceLimited 150,000,000.005 GPHIspatLimited 210,000,000.00

Total= 526,087,500.00

(c) AllinformationasarerelevanttoourunderwritingdecisionhavebeenreceivedbyusandthedraftprospectusforwardedtotheCommissionhasbeenapprovedbyus;

(d) Weshallsubscribeandtakeuptheunsubscribedsecuritiesagainsttheabovementionedpublicissuewithin15(fifteen)daysofcallingupthereofbytheissuer;and

(e) Thisunderwritingcommitmentisunequivocalandirrevocable.

FortheUnderwriter:

Sd/(NasrinSultana)ChiefExecutiveOfficerICBCapitalManagementLimited

Date:February18,2016

ProspectusofACME

19

Duediligencecertificatebytheunderwriter(PLFSInvestmentsLimited)[Rule4(1)(d)]



DearSir,We, theundernotedUnderwriter to theabovementioned forthcoming issue, state individuallyand collectivelyasfollows:

(1) We,while underwriting the abovementioned issue on a firm commitment basis, have examined the draftprospectus,otherdocumentsandmaterialsasrelevanttoourunderwritingdecision;and

(2) Onthebasisofsuchexaminationandthediscussionswiththe issuercompany, itsdirectorsandofficers,andotheragencies,independentverificationofthestatementsconcerningobjectsoftheissueandthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany.

WECONFIRMTHAT:(a) WeareregisteredwiththeBangladeshSecuritiesandExchangeCommissionasamerchantbankerandeligible

tocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.241,500,000.00(TwentyFourCoreFifteenLac)andwehavethecapacitytounderwriteatotalamountofTk.1,207,500,000(OneHundredTwentyCoreSeventyFiveLac)asperrelevantlegalrequirements.WehavecommittedtounderwriteforuptoTk.40,960,000(FourCoreNineLacSixtyThousand)fortheupcomingissue.


Sl.No. NameoftheCompany AmountUnderwritten(inTk.)1. DoreenPowerGenerations&SystemsLimited(IPO) 41,470,0002. FortuneShoesLimited(IPO) 20,000,0003. PacificDenimsLimited(IPO) 18,750,0004. ShamsulAlaminRealEstateLimited(IPO) 7,758,630

Total= 87,978,630



(e) thisunderwritingcommitmentisunequivocalandirrevocable.

FortheUnderwriter:

Sd/NripendraChandraPanditChiefExecutiveOfficer(C.C.)PLFSInvestmentsLimited


ProspectusofACME

20

DuediligencecertificatebytheUnderwriter(ILCapitalLimited)[Rule4(1)(d)]



DearSir,We,theundernotedUnderwriter(s)totheabovementionedforthcomingissue,stateindividuallyandcollectivelyasfollows:

(1) We, while underwriting the abovementioned issue on a firm commitment basis, have examined the draftprospectus,otherdocumentsandmaterialsasrelevanttoourunderwritingdecision;and

(2) On thebasisof suchexaminationand thediscussionswith the issuer company, itsdirectorsandofficers,andotheragencies, independentverificationofthestatementsconcerningobjectsofthe issueandthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany.

WECONFIRMTHAT:(a) We are registeredwith the Bangladesh Securities and Exchange Commission as amerchant banker and

eligible to carryout theunderwriting activities.Ourpresentpaidup capital stands at Tk.256.066Million(Taka Two hundred Fifty SixMillion sixty six thousand) andwe have the capacity to underwrite a totalamountofTk.1,250million(Takatwelvehundredfiftymillion)asperrelevantlegalrequirements.WehavecommittedtounderwriteforuptoTk.180,224,000(EighteencroreTwolacandTwentyFourthousand)fortheupcomingissue.


Sl.No. NameoftheCompany AmountUnderwritten(inTk.)1 DeltaHospitalLimited 6,557,550.002 EnergypacPowerGenerationLimited 7,812,500.00

Total 14,370,050.00

(c) All information as are relevant to our underwriting decision have been received by us and the draftprospectusforwardedtotheCommissionhasbeenapprovedbyus;


(e) thisunderwritingcommitmentisunequivocalandirrevocable.

FortheUnderwriter:

Sd/ChiefExecutiveOfficerILCapitalLimited

Date:06/02/2016

ProspectusofACME

21

DuediligencecertificatebytheUnderwriter(RootsInvestmentLimited)[Rule4(1)(d)]






WECONFIRMTHAT:

(a) WeareregisteredwiththeBangladeshSecuritiesandExchangeCommissionasamerchantbankerandeligibletocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.135million(thirteencrorefiftylac)andwehavethecapacitytounderwriteatotalamountofTk.675million(sixtysevencrorefiftylac)asperrelevant legal requirements.Wehavecommitted tounderwrite forup toTk.40,960,000 (FourCoreNineLacSixtyThousand)fortheupcomingissue.


Sl.No. NameoftheCompany AmountUnderwritten(InTaka)1 FiberShineLimited 10,000,000.002 SummitShippingLimited 52,500,000.003 AllianceHoldingsLimited 16,940,000.004 BangladeshThaiAluminiumLtd 30,000,000.005 RepublicInsuranceCompanyLimited 45,000,000.006 MohammedEliasBrothersPoyManufacturingCo.Limited 10,000,000.007 SBSCablesLimited 28,050,000.008 SupremeseedCompanyLimited 11,000,000.009 BeachHatcheryLimited 50,000,000.0010 EnergypacPowerGenerationLimited. 7,812,500.0011 IDLCFinancelimited 30,000,000.00

Total 291,302,500.00




FortheUnderwriter:

Sd/ChiefExecutiveOfficerMd.ShahAlamRootsInvestmentLimited

Date:22/02/2016

ProspectusofACME

22

DueDiligenceCertificatebytheUnderwriter(SonaliInvestmentLimited)[Rule4(1)(d)]

ToBangladeshSecuritiesandExchangeCommission


DearSir

We, theundernotedUnderwriter to theabovementioned forthcoming issue, state individuallyand collectivelyasfollows:


(2) On thebasisofsuchexaminationand thediscussionswith the issuercompany, itsdirectorsandofficers,andotheragencies, independentverificationofthestatementsconcerningobjectsofthe issueandthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany.

WECONFIRMTHAT:(a) WeareregisteredwiththeBangladeshSecuritiesandExchangeCommissionasamerchantbankerandeligible

tocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.2,000,000,000(Twohundredcroreonly)andwehavethecapacitytounderwriteatotalamountofTk.10,000,000,000(onethousandcroreonly)asperrelevantlegalrequirement.WehavecommittedtounderwriteforuptoTk.98,304,000(NinecroreEightyThreelacFourthousand)fortheupcomingissue.


Sl.No. NameoftheCompany AmountUnderwritten(inTk.)01 ExpressInsuranceLimited 50,000,000.0002 EvinceTextilesLimited 20,000,000.00

Total 7,00,00,000.00


(d) We shall subscribeand takeup theunsubscribed securitiesagainst theabovementionedpublic issuewithin15(fifteen)daysofcallingupthereofbytheissuer;and


FortheUnderwriter

Sd/(SurajitKumarSaha)ChiefExecutiveOfficer(InCharge)SonaliInvestmentLimited

Dated:March10,2016

ProspectusofACME

23

DueDiligenceCertificatebytheUnderwriter(IDLCInvestmentsLimited)[Rule4(1)(d)]



DearSir,

We,theundernotedUnderwriter(s)totheabovementionedforthcomingissue,stateindividuallyandcollectivelyasfollows:

(1) We,whileunderwriting theabovementioned issueona firmcommitmentbasis,haveexamined thedraftprospectus,otherdocumentsandmaterialsasrelevanttoourunderwritingdecision;and

(2) Onthebasisofsuchexaminationandthediscussionswiththeissuercompany,itsdirectorsandofficers,andotheragencies,independentverificationofthestatementsconcerningobjectsoftheissue,andthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany.

WECONFIRMTHAT:

(a) We are registeredwith the Bangladesh Securities and Exchange Commission as amerchant banker andeligibletocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatBDT1,400million(Onethousandand fourhundredmillion)andwehave thecapacity tounderwritea totalamountofBDT7,000million(Seventhousandmillion)asperrelevantlegalrequirements.WehavecommittedtounderwriteforuptoBDT40,960,000(FourCoreNineLacSixtyThousand)fortheupcomingissue.


i. EnergypacPowerGenerationLimited =157.29millionii. IDLCFinanceLimited(RightIssue) =1,363.67million




FortheUnderwriter

Sd/Md.MoniruzzamanManagingDirectorIDLCInvestmentsLimited

Date :February18,2016

ProspectusofACME

24

DueDiligenceCertificatebytheUnderwriter(EBLInvestmentsLtd.)[Rule4(1)(d)]

To:TheBangladeshSecuritiesandExchangeCommission




(2) On thebasisof suchexaminationand thediscussionswith the issuer company, itsdirectorsandofficers,andotheragencies, independentverificationofthestatementsconcerningobjectsofthe issueandthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany.

WECONFIRMTHAT:(a) WeareregisteredwiththeBangladeshSecuritiesandExchangeCommissionasamerchantbankerandeligibleto

carryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.30crore(ThirtyCrore)andwehavethecapacitytounderwriteatotalamountofTk.150Crore(OneHundredandFiftyCrore)asperrelevant legalrequirements.WehavecommittedtounderwriteforuptoTk.40,960,000(FourCoreNineLacSixtyThousand)fortheupcomingissue.


Sl.No. NameofTheCompany AmountUnderwritten(inTk.)1 SilcoPharmaceuticalsLimited 50,000,0002 SupremeSeedCompanyLtd. 22,000,0003 PacificDenimsLimited 75,000,0004 CuttingEdgeIndustriesLtd. 16,500,0005 SBSCablesLtd. 41,922,0006 ADNTelecomLimited 38,700,0007 IDLCFinanceLtd 50,000,0008 NuraniDyeing&SweaterLimited 107,500,0009 FortuneShoesLtd. 20,000,000

Total 421,622,000

(c) All informationasarerelevanttoourunderwritingdecisionhavebeenreceivedbyusandthedraftprospectusforwardedtotheCommissionhasbeenapprovedbyus;



FortheUnderwriter:

Sd/MoinulHossainAsifManagingDirectorEBLInvestmentsLtd.

Place:DhakaDated:18February2016

ProspectusofACME

25

DueDiligenceCertificatebytheUnderwriter(BetaOneInvestmentLtd.)[Rule4(1)(d)]



DearSir,We,theundernotedUnderwriter(s)totheabovementionedforthcomingissue,stateindividuallyandcollectivelyasfollows:(1) We,whileunderwriting the abovementioned issueona firm commitmentbasis,haveexamined thedraft

prospectus,otherdocumentsandmaterialsasrelevanttoourunderwritingdecision;and



eligible to carry out the underwriting activities.Our present paidup capital stands at Tk. 25,00,00,000 (twenty five crore) andwe have the capacity to underwrite a total amount of Tk. 1,25,00,00,000 ( onehundredtwentyfivecrore)asperrelevantlegalrequirements.WehavecommittedtounderwriteforuptoTk49,152,000(FourcroreNinetyOnelacFiftyTwothousand)fortheupcomingissue.


Sl.No. NameoftheCompany AmountUnderwritten(inTk.)1 AnandaShipyard&SlipwaysLimited 9,100,000.002 SupremeSeedCompanyLimited 33,000,000.003 SouthAsiaInsuranceCompanyLimited 30,000,000.004 SBSCablesLimited 29,410,000.005 CARESpecializedHospitalandResearchCentreLtd. 40,000,000.006 IDLCFinanceLimited 30,000,000.007 GPHIspatLimited 420,000,000.008 BarakaPatengaPowerLimited 38,250,000.009 DeltaHospitalLimited 13,115,075.00

Total 642,875,075




FortheUnderwriter:

Sd/MohammedAtiquzzamanManagingDirectorBetaOneInvestmentLtd.


ProspectusofACME

26

DueDiligenceCertificatebytheUnderwriter(PrimeFinanceCapitalManagementLimited)[Rule4(1)(d)]

ToTheBangladeshSecuritiesandExchangeCommissionSub:PublicOfferof50,000,000OrdinarySharesofTk.4,096,000,000ofTheACMELaboratoriesLimited.DearSir,We,theundernotedUnderwriter(s)totheabovementionedforthcomingissue,stateindividuallyandcollectivelyasfollows:




eligibletocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.2,032,800,000(Takatwobillionthirtytwomillioneighthundredthousand)andwehavethecapacitytounderwriteatotalamountofTk.10,068,719,220(Takatenbillionsixtyeightmillionsevenhundrednineteenthousandtwohundredandtwenty)asperrelevantlegalrequirements.WehavecommittedtounderwriteforuptoTk.49,152,000(FourcroreNinetyOnelacFiftyTwothousand)fortheupcomingissue.


Sl. Nameoftheissue Amountunderwritten1 RoyalDenimLimited 5,500,0002 M.LDyeingLimited 100,000,0003 RupshaFish&AlliedIndustriesLimited 25,000,0004 GQBallPenIndustriesLimited 50,100,0005 BangladeshNationalInsuranceCompanyLimited 61,950,0006 IFCOGarments&TextilesLtd. 17,500,0007 CareSpecializedHospitalandResearchCentreLimited 75,900,0008 IDLCFinanceLimited 70,000,0009 BangasLimited 131,778,89010 SummitAlliancePortLimited 103,057,39511 BangladeshThaiAluminiumLimited 10,000,00012 DhakaRegencyHotelLimited 25,000,00013 VFSThreadDyeingLimited 40,000,000

Total 715,786,285




FortheUnderwriter:Sd/

M.MosharrafHossainFCA,PhDManagingDirector&CEOPrimeFinanceCapitalManagementLimited

Date:18February2016

ProspectusofACME

27

DueDiligenceCertificatebytheUnderwriter(FirstSecurityIslamiCapital&InvestmentLimited)[Rule4(1)(d)]







eligibletocarryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.53,50,00,000(FiftyThreeCroreFiftyLacOnly)andwehavethecapacitytounderwriteatotalamountofTk.267,50,00,000(TwoHundredandSixtySevenCroreFifty LacOnly)asper relevant legal requirements.Wehavecommitted tounderwriteforuptoTk.40,960,000(FourCoreNineLacSixtyThousand)fortheupcomingissue.


Sl.No. NameoftheCompany AmountUnderwritten(inTk.)1 RelianceFinanceLimited 20,00,00,000.002 SummitShippingLimited 5,25,00,000.003 RupshaFish&IndustriesLimited 100,000,000.004 RhymerChemicalIndustriesLimited 8,00,00,000.005 ExpressInsuranceLimited 5,00,00,000.006 AllianceHoldingsLimited 4,23,50,000.007 GalaxySweater&YarnDyingLimited 15,00,00,000.008 DhakaRegencyHotel&ResortLimited 5,00,00,000.00

Total= 72,48,50,000.00




FortheUnderwriter:

Sd/ChiefExecutiveOfficerFirstSecurityIslamiCapital&InvestmentLimited Date:February18,2016

ProspectusofACME

28

DueDiligenceCertificatebytheUnderwriter(SoutheastBankCapitalServicesLimited)[Rule4(1)(d)]



DearSir,

We, theundernotedUnderwriter to theabovementioned forthcoming issue, state individuallyandcollectivelyasfollows:


(2) Onthebasisofsuchexaminationandthediscussionswiththeissuercompany,itsdirectorsandofficers,andotheragencies,independentverificationofthestatementsconcerningobjectoftheissueandthecontentsofthedocumentsandothermaterialsfurnishedbytheissuercompany;

WECONFIRMTHAT:

(a) We are registeredwith the Bangladesh Securities and Exchange Commission as amerchant banker andeligibletocarryouttheunderwritingactivities.OurPresentPaidupcapitalstandsatTk.150,00,00,000(Onehundredandfiftycrore)onlyandwehavethecapacitytounderwriteatotalamountofTk.750,00,00,000asper relevant legal requirements.Wehave committed tounderwrite forup to Tk. 98,304,000 (Nine croreEightyThreelacFourthousand)fortheupcomingissue.

(b) Atpresent,thefallowingunderwritingobligationarependingforus:

(c) all information as are relevant toourunderwritingdecisionhavebeen receivedbyus and that thedraftprospectusforwardedtotheCommissionhasbeenapprovedbyus;

(d) Weshallsubscribeandtakeuptheunsubscribedsecuritiesagainsttheabovementionedpublicissuewithin15(fifteen)daysofcallingupthereofbytheissuer;and(e)thisunderwritingcommitmentisunequivocalandirrevocable.

ForSoutheastBankCapitalServicesLimited

Sd/MuhammadShahjahanManagingDirector(CC)SoutheastBankCapitalServicesLimited

Place:DhakaDate:February22,2016

Sl.No. Nameofthecompany Amountunderwritten(inTk.)01 ExpressInsuranceLimited 5,73,25,00002 IDLCFinanceLimited 3,00,00,00003 AmuletPharmaceuticalsLimited 2,00,00,00004 DhakaRegencyHotelLimited 2,50,00,000

Total 13,23,25,000

ProspectusofACME

29

DuediligencecertificatebytheUnderwriter(SwadeshInvestmentManagementLimited)[Rule4(1)(d)]






WECONFIRMTHAT:(a) WeareregisteredwiththeBangladeshSecuritiesandExchangeCommissionasamerchantbankerandeligibleto

carryouttheunderwritingactivities.OurpresentpaidupcapitalstandsatTk.45.00Crores(TakaFortyFiveCroresOnly)andwehavethecapacitytounderwriteatotalamountofTk.225Crores(TakaTwoHundredTwentyFiveCrores) asper relevant legal requirements.Wehave committed tounderwrite forup to Tk.57,344,000 (FivecroresSeventyThreeLacFortyFourThousand)fortheupcomingissue.


Sl.No. Nameofthecompany AmountUnderwritten(InTk.)

1 BMSLInvestment

secbd.orgsecbd.org/ipoprospectus/Prospectus_of_ACME_Lab._Ltd._23...Prospectus ACMEof 8 f of Issue...

Documents

Transcript of secbd.orgsecbd.org/ipoprospectus/Prospectus_of_ACME_Lab._Ltd._23...Prospectus ACMEof 8 f of Issue...