Initial Public Offering

IPOs DURING 2006
SN COMPANY NAME IPO OFFERED (Mill. Taka) SUBSCRIBED FOR (Mill. Taka) % OF SUBSCRIPTION TIMES
1 Jamuna Bank Limited 514.8 3,900.47 757.67 7.57
2 S Alam Cold Rolled Steels Limited 120 (General Public - 108) 425.85 (General Public) 394.31 (General Public) 3.94 (General Public)
3 LankaBangla Finance Limited 90 1,375.12 1527.91 15.27
4 Bangladesh Industrial Finance Company Ltd 110.9595 1,570.68 1415.55 14.15
5 Industrial Promotion and Development Co. of Bangladesh Ltd 250.2 1,973.93 788.94 7.889
6 BRAC BANK LIMITED 850(General Public) 3,871.07(General Public) 506.02(General Public) 5.06(General Public)
7 Prime Islami Life Insurance Limited 40.5(General Public) 1,377.73(General Public) 3401 (General Public) 34.01(General Public)

 

Prime Islami Life Insurance Limited

Nature of Business: Life Insurance
Subscription Open:Nov 26 2006
Subscription Close:Nov 30 2006
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):450,000
Sponsors Portion (Share): 300,000
Private Placement (Share): Nil
Total Paid up Capital (after IPO) (Tk.): 75,000,000.00
Reason for Raising Capital: The IPO is the statutory requirement of the company. The proceeds of the IPO will be utilized for investment.
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: Prime Finance and Investment

 

BRAC BANK LIMITED

Nature of Business: All kinds of Banking business.
Subscription Open:Nov 12 2006
Subscription Close:Nov 16 2006
Offer Price (Tk.):170.00 (Face Value=Tk100.00 + Premium=Tk70.00)
Market lot (Share):50
Public Offer (Share):5,000,000
Sponsors Portion (Share): 5,000,000
Private Placement (Share): Nil
Total Paid up Capital (after IPO) (Tk.): 1,000,000,000.00
Reason for Raising Capital: The IPO is the compliance of statutory requirement of the Bank. The proceeds of this IPO will be used for investment and creation of assets.
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: AAA Consultants & Financial Advisers

 

Industrial Promotion and Development Co. of Bangladesh Ltd

Nature of Business: Leasing and Lending
Subscription Open:Sep 24 2006
Subscription Close:Sep 28 2006
Offer Price (Tk.):200.00 ( Face Value 100.00 + Premium 100.00)
Market lot (Share):50
Public Offer (Share):1,390,000
Sponsors Portion (Share): 4,780,140
Private Placement (Share): Nil
Total Paid up Capital (after IPO) (Tk.): BDT 617,014,000.00
Reason for Raising Capital: The IPO is the statutory requirement of the company. The proceeds of the IPO will be utilized in the normal business operations such as investment, leasing, lending, refinancing of the company.
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: AAA Consultants & Financial Advisers

 

Bangladesh Industrial Finance Company Ltd

Nature of Business: Leasing and Lending
Subscription Open:Aug 20 2006
Subscription Close:Aug 24 2006
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):1,109,595
Sponsors Portion (Share): 1,824,159
Private Placement (Share): Nil
Total Paid up Capital (after IPO) (Tk.): BDT 293,375,400.00
Reason for Raising Capital: The IPO will be utilized for meeting the company's operational activities(Lease finance & Term finance).
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: ICB Capital Mangement Limited

 

LankaBangla Finance Limited

Nature of Business: Leasing and Lending.
Subscription Open:Aug 6 2006
Subscription Close:Aug 10 2006
Offer Price (Tk.):10.00
Market lot (Share):500
Public Offer (Share):9,000,000
Sponsors Portion (Share): 26,000,000
Private Placement (Share): Nil
Total Paid up Capital (after IPO) (Tk.): 350,000,000.00
Reason for Raising Capital: The IPO is the statutory requirement of the company. The proceeds will be utilized in the normal leasing and lending business.
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: AAA Consultants & Financial Advisers

 

S Alam Cold Rolled Steels Limited

Nature of Business: Manufacturing high quality CR Coils/Sheets as an import substitute.
Subscription Open:Feb 19 2006
Subscription Close:Feb 26 2006
Offer Price (Tk.):100.00
Market lot (Share):50
Public Offer (Share):1,200,000
Sponsors Portion (Share): 2,667,240
Private Placement (Share): 1,467,240
Total Paid up Capital (after IPO) (Tk.): BDT 533,448,000.00
Reason for Raising Capital: The proceeds of the IPO will be used to pay off the debt liabilities of Rupali Bank as project loan of the company.
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: Union Capital Ltd & ICB Capital Management Ltd

 

Jamuna Bank Limited

Nature of Business: The bank undertakes all types of banking transactions to support the development of trade and commerce in the country.
Subscription Open:Feb 5 2006
Subscription Close:Feb 9 2006
Offer Price (Tk.):120.00 (Face Value= Tk 100.00 + Premium Tk 20.00)
Market lot (Share):50
Public Offer (Share):4,290,000
Sponsors Portion (Share): 4,290,000
Private Placement (Share): Nil
Total Paid up Capital (after IPO) (Tk.): BDT 858,000,000.00
Reason for Raising Capital: The public issue is the compliance of statutory requirement of the Bank. The proceeds will strengthen the capital base of the Bank and augment business expansion. The fund thus raised through this public issue would be generally used for investment and creation of assets.
Application Document Available at: CSE Library, CSE Member's House, Issue manager, Underwriters and Designated Banks
Manager to the Issue: AAA Consultants & Financial Advisers and ICB Capital Management Ltd.

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

Last modified on 1/3/2007