National Feed Mill IPO Result published on 27 november' 2014.
Bank Code
General
Affected
NRB
Mutual Fund
Refund
National Feed Mill IPO Subscription Open: October 26, 2014 Subscription Close:October 30, 2014. The Bangladesh Securities and Exchange Commission yesterday gave a go-ahead to National Feed Mill to raise Tk 18 crore from the public. Using the fixed price method, the textiles company is set to float 1.8 crore ordinary shares worth Tk 10 each. ICB Capital Management and PLFS Investments will jointly manage the initial public offering (IPO). The proceedings will be used to expand National Feed Mill's business, meet working capital needs and repay bank loans. The company's earnings per share as of June 2013 stood at Tk 1.85, with a net asset value per share of Tk 14.55 after revaluation. The approval came at a meeting presided over by BSEC Chairman Khairul Hossain, the stockmarket regulator said in a statement. In addition, BSEC fined two stockbrokers at yesterday's meeting -- AB Securities and Unique Share Management -- Tk 5 lakh each for breaching securities rules.
Market lot 500,
Per share 10
Total taka 5,000/-
Total 1 koti 80 Lac share
EPS: TK 1.85
NAV: TK. 14.55
General public(60%) 21,600 lot
Affected public (20%) 7,200 lot
NRB (10%) 3,600 lot
Mutual fund(10%) 3,600 lot
TOTAL SHARE (100%) 36,000 lot
Per share 10
Total taka 5,000/-
Total 1 koti 80 Lac share
EPS: TK 1.85
NAV: TK. 14.55
General public(60%) 21,600 lot
Affected public (20%) 7,200 lot
NRB (10%) 3,600 lot
Mutual fund(10%) 3,600 lot
TOTAL SHARE (100%) 36,000 lot
In another move, the regulator approved Social Islami Bank's proposal to issue Tk 300 crore mudaraba-subordinated bonds, which can be issued to banks, insurance firms, financial institutions, corporate houses and individual investors.
The face value of each unit of the bond, which will have a maturity period of six years, will be Tk 5 lakh. The market lot will be five units for institutions and one unit for individuals.
