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Message: <blockquote data-quote="sherlock" data-source="post: 10949713" data-attributes="member: 106046">TFIL IPO   Trade Finance & Investments Limited (TFIL) is a small sized but profitable finance company commenced its operation in 1978 and licensed by the Central  Bank of Sri Lanka. The principal lines of business in which the Company engages in include Finance  Leasing,  Hire  Purchase,  Security  Loans,  Personal  Loans  and  acceptance  of  Fixed  Deposits  from  the  Public.  TFIL IPO Summary.Number of shares offered    Six Million (6,000,000)Issue Price                            Rs 20.00Minimum Subscription          1000 sharesIssue Opening Date               28th September 2011Number of shares provisionally reserved for the Individual Retail category 2,400,000   Managers to the Issue    Capital Alliance Holdings Limited  Tel :  +9411 2317777   Bankers to the Issue Commercial Bank of Ceylon PLC  Tel : +9411 2486000/4486000/7486000/5486000 Objectives of the  TFIL IPOThe main objective of TFIL IPO is to comply with the regulatory requirement set out by the Monetary  Board  of  the  Central  Bank  of  Sri Lanka  to obtain a listing on the CSE .IPO proceeds (Rs 120 Million) will be used to expand the current business activities of the company. Subdivision of Shares The Shareholders of the Company at its meeting held on 29th April 2011 resolved to sub divide each existing share into ten (10) shares based on the shareholding as at 29th April 2011, thus increasing the number of shares of the Company from 5,080,040 to 50,800,400. Is it worth subscribing TFIL IPO?My opinion is yes it is worth. TIFL has made a profit of  Rs 63,555,452.00 for the year ended 31st March 2011. Earnings Per Share after sub division amounted to Rs 1.25. Therefore at issue price its Price Earnings Ratio is 16 times compared to current Market PE of 19x. There was no Private Placement prior to IPO other than share transactions disclosed in TFIL IPO Prospectus Page Number 22.  5,080,040  shares of TFIL sold by Cooray Family to Mr. Toshiaki Tanaka  for Rs 121,505,376.00  (Approximately Rs 23.92 per share) in July this year.The risk of selling pressure below IPO price on first day of trading is very limited for  TFIL IPO subscribers. Please read the TFIL IPO Prospectus carefully before you make any investment decision.Download TFIL  Prospectus<a href="http://www.cse.lk/270808/pdf/15_09_2011_TFIL_Pros.pdf" target="_blank">http://www.cse.lk/270808/pdf/15_09_2011_TFIL_Pros.pdf</a>Download TFIL Application Form<a href="http://www.cse.lk/270808/pdf/15_09_2011_TFIL_App.pdf" target="_blank">http://www.cse.lk/270808/pdf/15_09_2011_TFIL_App.pdf</a></blockquote>

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