Initial Public Offering

IPOs DURING 2003
SN COMPANY NAME IPO OFFERED (Mill. Taka) SUBSCRIBED FOR (Mill. Taka) % OF SUBSCRIPTION TIMES
1 KHAZA MOSAIC 10 4.20 42 % 0.42
2 KEYA DETERGENT 36 73.27 204 % 2.04
3 MUTUAL TRUST BANK LTD 125 1,063.70 851 % 8.51
4 ICB AMCL MUTUAL FUND 70 118.69 170 % 1.7
5 JAGO CORPORATION 20 20.34 102 % 1.02
6 AGNI SYSTEMS LTD. 30 150.88 503 % 5.03
7 FIRST LEAS INTL 30 539 1797 % 17.97
8 STANDARD BANK 220 1,538.31 699 % 6.99
9 ONE BANK 197 3,304.24 1677 % 16.77
10 BANK ASIA 200 11093.84 5547% 55.47
11 DAFFODIL COMPUTERS LIMITED 45 31.2 69% 0.69
12 MARCENTILE BANK 213.19 7810.80 3664% 36.52
13 JMI BANGLA COMPANY LIMITED 30 59.440 198% 1.98
14 LAFARGE SURMA CEMENT LIMITED 150 386.425 257.6% 2.58

 

Lafarge Surma Cement Limited

Nature of Business: The project activities started in 1998. Plant construction contracts are underway and the project is expected to go into commercial production in 2005.After completion , the Company would be primarily engaged in cement production marketing distribution and related business in Bangladesh . In addition , depending upon the market needs , the Company may also be involved in selling clinker.
Subscription Open: Nov 10 2003
Subscription Close:Nov 15 2003
Offer Price (Tk.):100
Market lot (Share):50
Public Offer (Share):1,500,000
Sponsors Portion (Share): 37,535,675
Multilateral Institutions (other than sponsors) (Share): 11,594,000
Private Placement (Share): 7,439,000
Total Paid up Capital (after IPO): Tk. 5,806,867,500.00
Reason for Raising Capital: To meet up partial cost of plant supply and construction contract
Application Document Available at: CSE Library, CSE Members` House, Issue Manager, Underwriters and designated banks
Manager to the Issue: Swadesh Investment Management Ltd. ( Manager) & Equity Partners Ltd. ( Co- Manager)

 

JMI Bangla Company Limited

Nature of Business: Manufacturing and selling medical products.
Subscription Open: Nov 2 2003
Subscription Close:Nov 6 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):300,000
Sponsors Portion (Share): 600,000
Private Placement (Share): 200,000
Total Paid up Capital (after IPO): Tk. 110,000,000.00
Reason for Raising Capital: Expansion of business.
Application Document Available at: CSE Library, CSE Members` House, Issue Manager, Underwriters and designated banks
Manager to the Issue: AAA Consultants & Financial Advisers

 

Mercantile Bank Limited

Nature of Business: Banking
Subscription Open: Oct 21 2003
Subscription Close:Oct 22 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):2,131,900
Sponsors Portion (Share): 3,197,650
Private Placement (Share): 1,065,750
Total Paid up Capital (after IPO): 639,530,000.00
Reason for Raising Capital: Expand Business both Normal and Investment business.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: AAA Consultants & Financial Advisers

 

DAFFODIL COMPUTERS LIMITED

Nature of Business: Selling and Marketing of all types of computer hardware and accessories.
Subscription Open: Oct 7 2003
Subscription Close:Oct 12 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):450000
Sponsors Portion (Share): 1000000
Private Placement (Share): 300000
Total Paid up Capital (after IPO): 175000000.00
Reason for Raising Capital: To raise working capital.
Application Document Available at: CSE Library, CSE Members` House, Issue Manager, Underwriters and designated banks
Manager to the Issue: Equity Pertners Limited

 

Bank Asia Limited

Nature of Business: Banking
Subscription Open: Sep 23 2003
Subscription Close:Sep 24 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):2,000,000
Sponsors Portion (Share): 3,000,000
Private Placement (Share): 1,000,000
Total Paid up Capital (after IPO): 600,000,000.00
Reason for Raising Capital: To strengthen the capital base.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: AAA Consultants & Financial Advisers And IDLC of Bangladesh Limited

 

One Bank Limited

Nature of Business: Banking
Subscription Open: Aug 11 2003
Subscription Close:Aug 12 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):1,969,800
Sponsors Portion (Share): 3,060,000
Private Placement (Share): 970,200
Total Paid up Capital (after IPO): 600,000,000.00
Reason for Raising Capital: In order to strengthen the Capital base.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: Capital Market Services Limited

 

Standard Bank Limited

Nature of Business: Banking
Subscription Open: Jul 29 2003
Subscription Close:Jul 30 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):2,200,000
Sponsors Portion (Share): 3,300,000
Private Placement (Share): 1,100,000
Total Paid up Capital (after IPO): 660,000,000.00
Reason for Raising Capital: In order to increase Working Capital.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: ICB Capital Management Ltd and First Securities Services Ltd

 

First Lease International Limited

Nature of Business: Lease Financing(individually or through syndication), Term Loan for Housing Sector,Short Term Financing, Term Deposit.
Subscription Open: Jul 19 2003
Subscription Close:Jul 20 2003
Offer Price (Tk.):100
Market lot (Share):50
Public Offer (Share):300,000
Sponsors Portion (Share): 500,000
Private Placement (Share): 200,000
Total Paid up Capital (after IPO): 100,000,000.00
Reason for Raising Capital: To increase Working Capital.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: Prime Finance & Investment Limited

 

Agni Systems Limited

Nature of Business: Internet Service Provider as well as web hosting and registration.
Subscription Open: Jul 8 2003
Subscription Close:Jul 9 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):300,000
Sponsors Portion (Share): 300,000
Private Placement (Share): 200,000
Total Paid up Capital (after IPO): 800,000
Reason for Raising Capital: Import and installation of equipments.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: Equity Pertners Limited

 

Jago Corporation Limited

Nature of Business: Importing and marketing of Water Purifying Machines. Also produces and sells pure drinking water.
Subscription Open: Jul 6 2003
Subscription Close:Jul 7 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):200,000
Sponsors Portion (Share): 500,000 ( subscribed as 5,000,000 shares @Tk 10.00)
Private Placement (Share): 200,000
Total Paid up Capital (after IPO): 900,000
Reason for Raising Capital: Import and install Plant and machineries. Civil Works.
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: ICB Capital Management Limited and First Securities Services Limited.

 

ICB AMCL FIRST MUTUAL FUND

Nature of Business: Investment in capital market.
Subscription Open: Jun 16 2003
Subscription Close:Jun 30 2003
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):700,000
Sponsors Portion (Share): 100,000
Private Placement (Share): 200,000
Total Paid up Capital (after IPO): 100,000,000.00
Reason for Raising Capital: Invest in capital market under efficient fund managers.
Application Document Available at: CSE Library, CSE Members` House, Issue Manager, Underwriters and designated banks
Manager to the Issue: ICB Asset Management Company Ltd

 

Mutual Trust Bank Limited

Nature of Business: Banking
Subscription Open: Apr 16 2003
Subscription Close:Apr 17 2003
Offer Price (Tk.):Tk. 125 inlcuding premium Tk. 25, Face Value Tk. 100
Market lot (Share):50
Public Offer (Share):1,000,000
Sponsors Portion (Share): 2,000,000
Private Placement (Share): 3,000,000
Total Paid up Capital (after IPO): 600 million (after IPO)
Reason for Raising Capital: The IPO amount will be utilized in the normal lending and investment of the bank
Application Document Available at: CSE Library, CSE Members' House, Issue Manager, Underwriter and designated banks
Manager to the Issue: ICB Capital Management Limited

 

Keya Detergent Limited

Nature of Business: Producing Detergent powders under three brand names 1) Keya Lemon Detergent 2) keya Super Excel Detergent 3) Keya Super Jet Detergent
Subscription Open: Mar 23 2003
Subscription Close:Mar 24 2003
Offer Price (Tk.):Tk. 10.00 per share
Market lot (Share):500
Public Offer (Share):3,600,000
Sponsors Portion (Share): 7,530,000
Private Placement (Share): 2,400,000
Total Paid up Capital (after IPO): Tk.135,300,000/=
Reason for Raising Capital: The IPO amount will be utilized for working capital and public issue expenses.
Application Document Available at: CSE Library , CSE Members' House , Issue Manager, Underwriters & Designated Banks
Manager to the Issue: Union Capital Limited

 

Khaza Mosaic Tiles and Stone Industries Ltd.

Nature of Business: The Business of the Company is to produce Marble Slabs,Marble Tiles,Granite Slabs,Granite Tiles, Talcum Powder , Lime Powder, Dolomite Powder
Subscription Open: Mar 9 2003
Subscription Close:Mar 10 2003
Offer Price (Tk.):Tk. 10.00 per share
Market lot (Share):500
Public Offer (Share):1,000,000
Sponsors Portion (Share): 5,500,000
Private Placement (Share): 1,500,000
Total Paid up Capital (after IPO): Tk. 80,000,000/=
Reason for Raising Capital: The IPO amount will be used for acquiring Plant & Machinery and for Working Capital
Application Document Available at: CSE Library , CSE Members' House , Issue Manager, Underwriters & Designated Banks
Manager to the Issue: Bangladesh Mutual Securities Limited

IPO(s) in 2007
IPO(s) in 2006
IPO(s) in 2005
IPO(s) in 2004
IPO(s) in 2003
IPO(s) in 2002

Last modified on 16/11/2003