NAVANA REAL ESTATE LIMITED - Dhaka Stock Exchange

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Issuer: Navana Real Estate LimitedIssue Manager: ICB Capital Management LimitedNREL’s Directors List and Shareholding PatternName Position Held Total number of % of share heldShareMr. Shafiul Islam Chairman 1,19,800 39.93%Mr. Saiful Islam Vice Chairman 13,800 4.60%Mrs. Khaleda Islam Director 13,800 4.60%Mr. Sajedul Islam Director 13,800 4.60%Ms. Farhana Islam Director 13,800 4.60%Mr. Md. Aminul Hoque Shareholder 15,000 5.00%Aftab Automobiles Ltd Shareholder 60,000 20.00%Laguna Autos Ltd Shareholder 25,000 8.33%Biponon Ltd Shareholder 25,000 8.33%Total 3,00,000 100.00%5% or more of the Shareholding structure of the Company (as per auditedaccounts):Sl.No.NameStatus withtheCompanyNo. ofSharesPercentage ofownership1. Mr. Shafiul Islam Chairman 119,800 39.933%2 Mr. Md. Aminul Hoque Share Holder 15,000 5.000%3 Aftab Automobiles Ltd. Share Holder 60,000 20.000%4 Laguna Autos Ltd. Share Holder 25,000 8.333%5 Biponon Ltd. Share Holder 25,000 8.333%Securities of the Company owned by each director (as per audited accounts):Securities owned by each director are given below (as on 31 August 2010):Sl.No.NameStatus with theCompanyNo. ofSharesPercentage ofownership1. Mr. Shafiul Islam Chairman 119,800 39.933%2. Mrs. Khaleda Islam Director 13,800 4.600%3. Mr. Saiful Islam Director 13,800 4.600%4. Mr. Sajedul Islam Director 13,800 4.600%5. Ms. Farhana Islam Director 13,800 4.600%Book Building MethodBook Building is a process through which an issuer attempts to determine the price to offerits security based on demand from institutional investors. Under the process, the price of anIPO share will be determined through an automated bidding to be participated by differentfinancial institutions and then the share will be opened for the IPO participant at the cut-offprice determined during the book building process. The bidding will be handled through auniform and integrated automated system of the stock exchanges, or any other organizationas decided by the Commission, especially developed for book building method. The entireprocedure of price discovery under book building method is delineated below:a) The issuer/issue manager shall issue invitation to the eligible institutional investors,both in writing and through publication in at least 5 (five) widely circulated national dailies,giving at least 10 (ten) working days time, to the road show/presentation/seminar indicatingtime and venue of such event.Page- 20
Issuer: Navana Real Estate LimitedIssue Manager: ICB Capital Management Limitedb) The invitation letter shall accompany an information document containing all relevantinformation covering the proposed issue of the issuer. The eligible institutional investors shallsubmit indicative price to the issuer/issue manager, signed jointly by the Chief ExecutiveOfficer (CEO) and the Financial Analyst, highlighting the factors taken into consideration insupport of the indicative price, within the next 3(three) working days of the said roadshow/presentation/seminar;c) The indicative price band will be fixed based on the past performance, expected futureearnings of the issuer and the P/E ratio of other peer companies in the industry and thedetermination of indicative price involves the following institutional investors registered withor approved by SEC in this regard:-- Merchant Bankers except the issue manager of the proposed issue;- Foreign institutional investors;- Recognized pension funds and provident funds;- Banks and NBFIs under regulatory control of Bangladesh Bank;- Insurance Companies regulated under Insurance Act, 1938;- Institutional venture capital and institutional investors;- <strong>Stock</strong> Dealers; and- Any other artificial juridical person permitted by the SEC for this purpose.d) Issuer in association with issue manger and eligible institutional investors quote anindicative price in the prospectus with the rationale for such price and submit the prospectusto the Commission with copy to the stock exchanges.e) The indicative price range shall be determined as per price indications obtained fromat least 15 (fifteen) eligible institutional investors covering at least 3 (three) differentcategories including at least 5 (five) merchant banks of such investors.f) Eligible institutional investors bidding shall commence after getting consent from theCommission for this purpose. Institutional bidding period will be 3 to 5 (Three to Five)working days which may be changed with the approval of the Commission.g) Eligible institutional investors (EIIs) shall not be allowed to participate in the biddingunless they participate and quote in the Road Show for setting the indicative price. The EIIparticipating in the Road Show and quote price must also participate in the bidding. Theissuer and issue manager will jointly submit the attendance sheet and the quoted price bythe EII along with the draft prospectus to SEC.h) Prospectus will be posted on the Websites of the Commission, stock exchanges, issuemanager and issuer at least 2 (two) weeks prior to the start of the bidding to facilitateinvestors to know about the company and all aspect of offering.Page- 21
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NAVANA REAL ESTATE LIMITED - Dhaka Stock Exchange

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