Lovello Ice Cream IPO Result 2021. Lovello IPO online application form. Lovello IPO lottery draw will be held on 26 January 2021. The subscription for the IPO of Tawfiqa Foods and Agro Industries Limited (brand name Lovello Ice Cream) will start from January 3, 2021. It will continue till January 7, 2021. Under the fixed price IPO, the company will issue 3 crore shares with a face value of Tk 10 each. This information has been known from the company sources.
Lovello IPO Online Application
Certainly, the company will raise Rs 30 crore by selling shares through an initial public offering (IPO). And this money will be spent on purchasing machinery and equipment, repaying loans, and meeting the cost of Lavello IPO.
On October 15, the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, approved the IPO of Lavelo Ice Cream at its 644th meeting of the BSEC. You can download the Lavello IPO application as a PDF download for subscription.
On the other hand, you may check all today dsebd.org share prices as stock market prices. We are updating daily of Dhaka Stock Exchange market price for the investor.
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Lovello IPO Lottery Result
Lovello IPO result publishes on this on 26 January 2021. The authority has applied for the Lovello ICE cream IPO draw. Finally, DSE announced the Lovello IPO lottery draw will be held on 26 January at 11:00 AM. Investors will download the Lovello IPO result from below.
Most importantly, in the 2018-19 financial year, the company’s earnings per share or EPS was 10 rupees 5 paise. On the other hand, in the first quarter of the 2019-20 financial year (July ’19-September’19), the EPS was Tk 1.20. On September 30, 2019, Lavelo Ice Cream’s net asset value per share (NAVPS) was Tk 12 17 paise. That is to say, you can check the Lavello IPO prospectus here.
Lovello IPO Prospectus
Therefore, the company will utilize the IPO proceeds for the acquisition of plant and machinery (Tk 90.36 million), purchasing freezer (Tk 57.84 million), purchasing vehicles (Tk 20.56 million), for capacity expansion of its depot (Tk 13.27 million), to repay bank loans (Tk 90 million) and bearing the IPO related expenses (Tk 28 million).
However, Banco Finance & Investment and Sandhani Life Finance are jointly working as the issue manager of the company’s IPO process.
However, Banco Finance and Investment and Sandhani Life Finance are the issue managers of the company. Finally, we will update here the Lavello IPO Lottery Result in the due time. Till then keep in touch for the next update about Lovello IPO.