Initial Public Offering in 2002

FAHAD INDUSTRIES LIMITED

Nature of Business: Soap, Salt and Chanachur manufacturing company
Subscription Open: November 9, 2002
Subscription Close: November 10, 2002
Offer Price: Tk. 10.00
Market lot: 500
Public Offer (Share): 2,500,000
Sponsors Portion (Share): 25.60 million
Private Placement: Nil
Total Paid up Capital: 50.60 Million (after IPO)
Reason for Raising Capital: Mainly for expansion of existing capacity and partly use for working capital
Application Document Available at: CSE, DSE, Manager to the Issue and Underwriter
Manager to the Issue: Banco Trans World (Bangladesh) Limites

 

INTECH ONLINE LIMITED

Nature of Business:

Broadband and Dial-up Internet service, Web page development, Network solution & Software development

Subscription Open:

October 12, 2002

Subscription Close:

October 13, 2002

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

2,500,000

Sponsors Portion (Share):

1,500,000

Private Placement:

Nil

Total Paid up Capital:

40 Million (after IPO)

Reason for Raising Capital:

For expansion of Dial up and Cable Modem System and payment of Bridge Finance of Bay Leasing & Investment Limited.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

Prime Finance & Investment Limited.

 

BDCOM ONLINE LIMITED

Nature of Business:

Broadband and Dial-up Internet service, Web page development, Network solution & Software development

Subscription Open:

October 06, 2002

Subscription Close:

October 07, 2002

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

3,000,000

Sponsors Portion (Share):

5,000,000

Private Placement:

2,000,000

Total Paid up Capital:

100 Million (after IPO)

Reason for Raising Capital:

For expansion of Dial up and Cable Modem System and software development.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

AAA Consultants & Financial Advisers.

 

MIDAS FINANCING LIMITED

Nature of Business:

Non-banking, financing & leasing Company

Subscription Open:

July 14, 2002

Subscription Close:

July 15, 2002

Offer Price:

Tk. 100.00

Market lot:

50

Public Offer (Share):

150,000

Sponsors Portion (Share):

554,000

Private Placement:

296,000

Total Paid up Capital:

100 Million (after IPO)

Reason for Raising Capital:

To meet the regulatory requirement of minimum paid up capital of Tk. 100 million

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

First Securities Services Limited.

(Not listed in CSE)

 

PADMA CEMENT LIMITED

Nature of Business:

Producer of Portland Cement

Subscription Open:

April 8, 2002

Subscription Close:

April 9, 2002

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

3,800,000

Sponsors Portion (Share):

13,800,000

Private Placement:

10,000,000

Total Paid up Capital:

276 Million (after IPO)

Reason for Raising Capital:

Mainly for repaying bank loan and to use as working capital.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

Capital Market Services Limited.

 

INFORMATION SERVICES NETWORK LIMITED

Nature of Business:

Dial-up Internet services, Web page development, Network solution & Software development and IT magazine publisher.

Subscription Open:

February 17, 2002

Subscription Close:

February 18, 2002

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

1,000,000

Sponsors Portion (Share):

3,559,050

Private Placement:

2,559,000

Total Paid up Capital:

71.18 Million (after IPO)

Reason for Raising Capital:

For expansion of Dial up and Cable Modem System in northern region of the country.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

Equity Partners Limited.

 

METRO SPINNING LIMITED

Nature of Business:

Producer of Yarn

Subscription Open:

November 11, 2001

Subscription Close:

November 12, 2001

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

1,500,000

Sponsors Portion (Share):

3,000,000

Private Placement:

1,500,000

Total Paid up Capital:

60 Million (after IPO)

Reason for Raising Capital:

Reimbursement of Bridge Finance and to use as working capital.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

Bay Leasing & Investment Limited. Investment Corporation of Bangladesh.

* Listed in 2002

 

MODERN CEMENT LIMITED

Nature of Business:

Producer of Yarn

Subscription Open:

January 19, 2002

Subscription Close:

January 20, 2002

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

4,000,000

Sponsors Portion (Share):

7,322,300

Private Placement:

6,000,000

Total Paid up Capital:

173.22 Million (after IPO)

Reason for Raising Capital:

For expansion of existing plant and establishment of new Cement Grinding Plant.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

Equity Partners Limited.

 

AL-AMIN CHEMICAL INDUSTRIES LIMITED

Nature of Business:

Manufacturer of Zinc Sulfate

Subscription Open:

October 15, 2001

Subscription Close:

October 16, 2001

Offer Price:

Tk. 10.00

Market lot:

500

Public Offer (Share):

1,000,000

Sponsors Portion (Share):

2,000,000

Private Placement:

1,000,000

Total Paid up Capital:

40 Million (after IPO)

Reason for Raising Capital:

To meet the working capital requirement.

Application Document Available at:

CSE, DSE, Manager to the Issue and Underwriter

Manager to the Issue:

Banco Trans World (Bangladesh) Limited.

* Listed in 2002

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IPO(s) in 2003
IPO(s) in 2002