Viewed 1 crore 40 lakh shares of producers of drugs to leave the private sector Central Pharmaceuticals Limited. Primary ganaprasatmabera (IPO), through the company without any premium from the general investors will pay a total of 14 million. On Wednesday the company for IPO approval from the Securities eyanda para encenja Commission (SEC), the application has been submitted. Business listings for the state Bharatiya Janata Bharatiya Janata Bank's subsidiary company, Capital Investment Limited, the company's isuya eyanda of managerial responsibility.The Central Pharmaceuticals Ltd., the current paid up capital of 48 crore. At the end of the IPO process, the company's paid up capital of 6 crores will be raised. According to the latest quarterly estimated income of the company seyaraprati (ipiesa) annually _ as 47 paise (enuyalaijada), which is 1 1 88 free days. Seyaraprati asset value of the Company (enaebhi) 1 and 37 paise. Nominal value of shares of any company's 10 aipiote premium will not be accepted.
Sunday, January 22, 2012
SEC has approved IPO of Bangladesh Submarine Cable Company
12:03 PM
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Another government owned organization Bangladesh Submarine Cable Company is going to be enlisted in share market. They are going to enlisted in share market as a part of initiative of enlisting government company to share market. The company got approval on a regular meeting of SEC to issue share through IPO offerings.
IPO offerings for a mutual fund have been approved on the same meeting. The news came to media on a press release of SEC. SEC has informed that Submarine Cable Company will collect Tk. 1085000000.00 through 31000000 share among them 1000000 shares will allocated for employees of the organization. Price of each share will be 35 taka with a premium of 25 taka. The company will use part of the money to repay the loan of Islamic Development Bank(IDB) and rest will be used as working capital of the company.
Green light for BSCCL IPO, NCC Bank mutual fund
12:00 PM
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The Securities and Exchange Commission (SEC) yesterday approved the initial public offering (IPO) prospectus of Bangladesh Submarine Cable Company Ltd (BSCCL) to go public to raise a fund of Tk 1.08 billion.
The decision came at a meeting of SEC with its chairman M Khairul Hossain in the chair.
The company will float 31 million ordinary shares of Tk 10 each at an offer price of Tk 35 including a premium of Tk 25.
Of the total shares, one million shares will be kept for the officials of the company as reserve.
The IPO proceeds will be utilised to pay loans taken from Islamic Development Bank (IDB), to bear IPO expense and rest for working capital. ICB capital management will act as the issue manager of the IPO.
The SEC meeting also approved the prospectus of ‘NCC Bank Mutual Fund One’ to offload units worth Tk 500 million.
The size of the fund is Tk 1 billion, of which Tk 500 million will be raised through IPO and rest will be collected through sponsor directors.
Face value of each unit is Tk 10 while the market lot will be of 500 units.
LR Global is the issue manager for the fund.
Source: Daily Sun, 19 January 2012