IPO of AFC Agro Biotech Ltd

BSEC approved IPO of AFC Agro Biotech Ltd on its 497 board meeting held on 8th October 2013.

No of share: 1,20,00,000
Value of IPO: TK. 12 Crore
Face Value: TK. 10
EPS TK. 1.01 and NAV TK. 11.10 as on half yearly report 30.06.2013
Issue Manager: Imperial Capital Ltd and Sigma Capital Management Ltd.


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IPO of Mozaffor Hossain Spinning Mills Limited

Mozaffar Hossain Spinning Mills Limited
(As per abridged version of Prospectus)

Nature of Business:
 Mozaffar Hossain Spinning Mills Limited runs the business of 100% export oriented woven bricks fabrics cotton yarn

Major Product:
The single product that MHSML produces is yarn which is marketed in the foreign and local markets

Subscription Open November 03, 2013
Subscription Close November 07, 2013
Subscription period for NRB November 03, 2013 to November 16, 2013

Authorized Capital Tk. 1,000,000,000
Pre- IPO paid-up Capital Tk. 349,750,000
IPO size in shares 27,500,000
IPO size in Tk. at face value Tk. 275,000,000
IPO size in Tk. at offer price Tk. 275,000,000
Post IPO Paid-up Capital Tk. 624,750,000

Face Value per share Tk. 10.00
Offer Price per share Tk. 10.00
Market Lot (Shares) 500

Use of IPO Proceeds Proceeds from IPO of Tk. 261,495,000 will be utilized to Pay-off Bank Loan and to meet IPO Cost of Tk. 13,505,000

NAV per share Tk. 19.56 as on December 31, 2012
EPS Tk. 2.78 for the year ended on June 30, 2012 and the same Tk. 0.73 for the period ended on December 31, 2012

Issue Manager Alpha Capital Management Limited
Co-Issue Manager AFC Capital Limited
Auditors AHMED ZAKER & CO.
 Website

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IPO Lottery result of Paramount Textile Limited

Lottery was held on 03/10/2013
Click below for Result:
Bank/Branch Code
General Public
Non-Resident Bangladeshi
Affected Small Investors
Mutual Fund
Distribution of Refund Warrant

Paramount Textile Limited
(As per abridged version of Prospectus)

Nature of Business:
Paramount Textile Limited is engaged in manufacturing high quality
woven fabric that are consumed by the export oriented garments
industries in Bangladesh. PTL produces high quality woven fabrics
which include 100% cotton yarn dyed fabrics, cotton solid white
fabrics, striped and check shirting, stretch fabric etc.

Major Product:
The product range of Paramount Textile Limited comprises of yarn
dyed fabrics and finished woven fabric.

Subscription Open September 1, 2013
Subscription Close September 5, 2013
Subscription period for NRB September 1, 2013 to September 14, 2013

Authorized Capital Tk. 2,000,000,000
Pre- IPO paid-up Capital Tk. 551,250,000
IPO size in shares 30,000,000
IPO size in Tk. at face value Tk. 300,000,000
IPO size in Tk. at offer price Tk. 840,000,000
Post IPO Paid-up Capital Tk. 851,250,000

Face Value per share Tk. 10.00
Offer Price per share Tk. 28.00
Market Lot (Shares) 250

Use of IPO Proceeds Proceeds from IPO of Tk. 840,000,000 will be utilized for repayment
of loan, working capital and IPO expenses.

NAV per share Tk. 18.31 as on June 30, 2012.
EPS Tk. 3.47 for the year ended on June 30, 2012.

Issue Manager IDLC Investments Limited
Auditors Howladar Yunus & Co.

Website www.paramountgroupbd.com

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IPO of Argon Denims Limited

Argon Denims Limited

Subscription Open:  September 09, 2012
Subscription Close: September 13, 2012
Subscription period for NRB: September 09, 2012 to September 22, 2012

((As per Prospectus))
Nature of Business:
100% Export oriented manufacturing, dyeing & finishing units of denims fabrics.
Major Product: The company has been set up to produce 100% Cotton Denim fabrics for export.
Subscription Open September 09, 2012
Subscription Close September 13, 2012
Subscription period for NRB September 09, 2012 to September 22, 2012
Authorized Capital Tk. 1,000,000,000.00
Pre- IPO paid-up Capital Tk. 300,000,000.00
IPO size in shares 30,000,000
IPO size in Tk. (including premium of Tk. 1,020,000,000.00) Tk. 1,320,000,000.00
IPO size in Tk. (at face value) Tk. 300,000,000.00
Post IPO Paid-up Capital Tk. 600,000,000.00
Face Value per share Tk. 10.00
Offer Price per share Tk. 44.00 (including a Premium of Tk. 34.00 per share).
Market Lot (Shares) 200

Use of IPO Proceeds:
Loan Repayment, Expansion of the Project and meet up Estimated IPO Expenses

NAV per share: The Company has reported Net Assets Value Per Share is Tk. 20.71 (considering revaluation reserve) and Tk. 15.65 (without revaluation reserve) as on December 31, 2011.
EPS The Company has reported EPS of Tk. 5.46 for the year ended on December 31, 2011.

Issue Manager LankaBangla Investments Limited
Auditor Pinaki & Company
Website http://www.argondenims.com

IPO lottery result of Envoy Textiles Limited

Envoy Textiles Limited
(As per abridged version of Prospectus)
Nature of Business: The Company is a manufacturer of 100% export oriented denim fabric.
Major Product: Denim products featuring a wide range of yarns and weaves in various shades of indigo and black.
Subscription Open July 29, 2012
Subscription Close August 02, 2012
Subscription period for NRB July 29, 2012 to August 11, 2012
Authorized Capital Tk. 2,750,000,000.00
Pre- IPO paid-up Capital Tk. 1,000,000,000.00 (including private placement of Tk. 400,000,000.00).
IPO size in shares 30,000,000
IPO size in Tk. at face
value Tk. 300, 000, 000.00
IPO size in Tk. at offer price Tk. 900, 000, 000.00 (including premium of Tk. 600,000,000.00).
Post IPO Paid-up Capital Tk. 1,300,000,000.00
Face Value per share Tk. 10.00Offer Price per share Tk. 30.00 (including a premium of Tk. 20.00 per share).
Market Lot (Shares) 200
Use of IPO Proceeds:
Envoy Textiles Limited plans to expand its existing business by increasing its capacity of 24.00 million yards of denim fabrics per year by setting up a fully automated state of the art rope denim plant

NAV per share Tk. 37.62 (including revaluation reserve) as on September 30, 2011. Tk. 19.90 (excluding revaluation reserve) as on September 30, 2011.
EPS Tk. 4.42 for the year ended September 30, 2011.

Issue Manager Lead Issue Manager: Lankabangla Investments Limited
Co-Issue Manager: ICB Capital Management Limited
Auditors Ahmad & Akhtar
Website http://www.envoytextiles.com

IPO Lottery Result of Summit Purbanchol Power

Tweet IPO Lottery Result of Summit Purbanchol Power will be available here when published.

Summit Purbanchol Power Co.. Ltd.
((As per Prospectus))
Nature of Business:
To set up power plants for generation and supply of electricity.
Subscription Open July 15, 2012
Subscription Close July 19, 2012
Subscription period for NRB July 15, 2012 to July 28, 2012
Authorized Capital Tk. 4,200,000,000.00 including redeemable
preference shares of Tk. 2,500,000,000.00
Pre- IPO paid-up Capital Tk. 762,802,130.00
IPO size in shares 30,000,000
IPO size in Tk. (including premium of Tk. 1,050,000,000.00) Tk. 1,350,000,000.00
IPO size in Tk. (at face value) Tk. 300,000,000.00
Post IPO Paid-up Capital Tk. 1,062,802,130.00
Face Value per share Tk. 10.00
Offer Price per share Tk. 45.00 (including a Premium of Tk. 35.00 per share).
Market Lot (Shares) 100
Use of IPO Proceeds:
Partial redemption of redeemable preference shares and Meeting up IPO expenses including NBR tax.
NAV per share Tk. 20.38 (considering revaluation reserve) and Tk. 17.66 (without revaluation reserve) as on December 31, 2011.
EPS Tk. 5.18 for the year ended on December 31, 2011.
Major Product: Generation and supply of electricity.
Issue Manager: Prime Finance Capital Management Limited
Auditors Rahman Rahman Huq
Website http://www.summitppcl.com


The Securities and Exchange Commission on 24 April 2012 has approved the IPO prospectus of Summit Purbanchol Power Company Ltd. It is a subsidiary of Summit Power Ltd. It will raise Tk 135 crore from public.

Using the fixed price method, Summit Purbanchol Power Company will float three crore ordinary shares of Tk 10 each at an offer price of Tk 45, including a premium of Tk 35, the SEC said in a statement.

EPS: TK. 5.18
NAV: TK. 21 according to its 2010 financial statements.

Summit Purbanchol Power Company has two power plants:
1. Rupganj Power Plant, Narayanganj, 33MW and
2. Jangalia Power Plant, Comilla, 33MW.

It will be the 14th company to be listed on the stockmarket in the fuel and power category.

Prime Finance Capital Management Ltd is the issue manager of the Summit Purbanchol Power Company's IPO.

Bangladesh Submarine Cable Company Limited

IPO Lottery Result