Four IPOs get SEC's approval. The Securities and Exchange Commission yesterday approved
2 new and
2 revised initial public offerings (IPOs).
The approvals came at
a gathering of the stockmarket regulator chaired by its Chairman M Khairul Hossain.
New IPO's:
1. Bengal Windsor Thermoplastic
Bengal Windsor Thermoplastic
can float
1.60
crore ordinary shares of
10/- every at
an offer value of 25/-
,
including 15/-
as premium,
to raise Tk
forty crore from public.
The company's EPS was
3.62/- and NAV per share was
9.45/- as of J
une 2011.
ICB Capital Management
is that the issue manager of Bengal's IPO
.
1. Golden Harvest Agro Industries:
Using fixed-price
method,
Golden Harvest Agro Industries can float
3 crore ordinary shares of 10/-
every at
an offer value of 25/-
,
together with a premium of 15/-
,
to boost Tk
seventy five crore from public.
The company's earnings per share (EPS) was
4.72/- and
net asset price (NAV) per share was
25.53/- as of
June 2011,
in line with an announcement of the SEC.
Banco Finance and Investment and Royal
green Capital Market
are the issue managers of Golden's IPO
.
Revised IPO:
3. Argon Denims
As per its revised
IPO,
can float
3 crore ordinary shares of 10/-
every at
an offer value of 35/-
,
including a premium of 25/-
.
Previously, the
argon Denims
ipo was approved at 44/-
.
IPO Subscription: 18-22 November, 2012
4. Summit Purbanchal Power Company:
As per the revised
IPO, Summit Purbanchal P
ower Company can float
3 crore ordinary shares of 10/-
each at
an offer value of 40/-
,
including a premium of 30/-
.
Previously, the Summit Purbanchal
ipo was approved at 45/-
.
however considering
the present market
scenario,
the company reduced the premium by Tk
five and therefore the commission approved it,
according to the statement.
IPO Subscription: 11-15 November, 2012
5. Envoy Testiles:
The SEC also gave permission to Envoy Textiles to resume its IPO subscription period, which was postponed in July.
IPO Subscription: 16-22 October, 2012
Download upcoming IPO prospectus and Application Forms: Click here
New rule on issuance of debt securities through private placement:
The regulator
conjointly finalised
a new rule on
issuance of debt securities through
private placement to bring the fund raising
method under regulation.
A gazette
are going to be published soon on the approved rule, Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012.
Presently,
there's no specific rule or guideline on
supply debt instrument. The SEC has
to this point been giving permissions to issue debt securities
under its capital issue rules.
Debt securities or debt instruments
evidence the
financial obligation of the
issuer to the investors
within the form of bond, debt, or
the other instrument of
financial obligation,
whether or not secured or not.
10:35 AM
