The initial public offering (IPO) subscriptions of two mutual funds and one insurance company begin today (Sunday) aiming to raise over Tk 3.0 billion from the general public.
The issues are Trust Bank First Mutual Fund, Prime Bank First ICB AMCL Mutual Fund and Dhaka Insurance Ltd.
Of them Trust Bank will raise Tk 2.0 billion, Prime Bank Tk 1 billion and Dhaka Insurance Tk 108 million.
Face values of both the mutual funds are Tk 10 while the offer price of Dhaka Insurance is Tk 120 (Face value Tk 100 and premium Tk 20). Subscription of another mutual fund titled DBH First Mutual Fund worth Tk 1.2 billion will begin December 13.
Meanwhile, the IPO lottery draw of Golden Son Limited will be held on December 10, subject to approval of the Securities and Exchange Commission (SEC), the company sources said.
Another company-Provati Insurance Limited will hold the IPO lottery on December 15, also subject to approval of the SEC.
The lottery dates of two companies-ICB Employee Provident Mutual Fund One and RN Spinning Mills, however is yet to be fixed.
The initial public offering (IPO) of Provati Insurance received an overwhelming response from the applicants, who deposited more than Tk 5.06 billion (506 crore), 56.23 times the value of the total IPO shares worth Tk 90 million (9 crore) on offer for subscription.
The refund warrants of the unsuccessful applicants will be sent back to their respective bank accounts during December 18 to 23 from Dhaka Zilla Krira Sangstha and Motijheel AGB Colony Community Centre, the company sources told the FE.
"Provati Insurance saw the second such rush for IPO subscription after Grameenphone. The market lot of Provati was suitable for the subscribers, if their capability is taken into account. This is the main reason of the overwhelming response of the applicants," Mohsin Reza, office secretary of Provati's issue manager AAA Consultants & Financial Advisers Limited, told the FE.
The face value of a share is Tk 100 and the market lot contains 50 shares. The company takes no premium.
According to the prospectus of the company, its earning per share (EPS) and net asset value (NAV) per share were Tk 20.29 and Tk 176.29 respectively as of December 31, 2008. Its paid-up capital is Tk 150 million (15 crore).
Golden Son floated 10 million shares of Tk 10.00 each (Tk 200 million) at an issue price of Tk 20.00 including a premium of Tk 10.00 each through repeat public offering (RPO). Golden Son Limited, a company with joint venture of Taiwan started its subscription on November 8 and closed on November 12. For non-resident Bangladeshis the subscription was opened up to November 21.
The present trading category of Golden Son Limited is "A", based on financial statement as on December 31, 2008. ICB Capital Management Limited is the issue manager of the company's RPO.
The company launched its operation in 2003 producing sporting toys, aerosole and house hold items, garments and fan accessories.
The issues are Trust Bank First Mutual Fund, Prime Bank First ICB AMCL Mutual Fund and Dhaka Insurance Ltd.
Of them Trust Bank will raise Tk 2.0 billion, Prime Bank Tk 1 billion and Dhaka Insurance Tk 108 million.
Face values of both the mutual funds are Tk 10 while the offer price of Dhaka Insurance is Tk 120 (Face value Tk 100 and premium Tk 20). Subscription of another mutual fund titled DBH First Mutual Fund worth Tk 1.2 billion will begin December 13.
Meanwhile, the IPO lottery draw of Golden Son Limited will be held on December 10, subject to approval of the Securities and Exchange Commission (SEC), the company sources said.
Another company-Provati Insurance Limited will hold the IPO lottery on December 15, also subject to approval of the SEC.
The lottery dates of two companies-ICB Employee Provident Mutual Fund One and RN Spinning Mills, however is yet to be fixed.
The initial public offering (IPO) of Provati Insurance received an overwhelming response from the applicants, who deposited more than Tk 5.06 billion (506 crore), 56.23 times the value of the total IPO shares worth Tk 90 million (9 crore) on offer for subscription.
The refund warrants of the unsuccessful applicants will be sent back to their respective bank accounts during December 18 to 23 from Dhaka Zilla Krira Sangstha and Motijheel AGB Colony Community Centre, the company sources told the FE.
"Provati Insurance saw the second such rush for IPO subscription after Grameenphone. The market lot of Provati was suitable for the subscribers, if their capability is taken into account. This is the main reason of the overwhelming response of the applicants," Mohsin Reza, office secretary of Provati's issue manager AAA Consultants & Financial Advisers Limited, told the FE.
The face value of a share is Tk 100 and the market lot contains 50 shares. The company takes no premium.
According to the prospectus of the company, its earning per share (EPS) and net asset value (NAV) per share were Tk 20.29 and Tk 176.29 respectively as of December 31, 2008. Its paid-up capital is Tk 150 million (15 crore).
Golden Son floated 10 million shares of Tk 10.00 each (Tk 200 million) at an issue price of Tk 20.00 including a premium of Tk 10.00 each through repeat public offering (RPO). Golden Son Limited, a company with joint venture of Taiwan started its subscription on November 8 and closed on November 12. For non-resident Bangladeshis the subscription was opened up to November 21.
The present trading category of Golden Son Limited is "A", based on financial statement as on December 31, 2008. ICB Capital Management Limited is the issue manager of the company's RPO.
The company launched its operation in 2003 producing sporting toys, aerosole and house hold items, garments and fan accessories.
Posts
No comments:
Post a Comment