Lub-rref Bangladesh IPO Result 2021. Today IPO Lottery will draw on 23 February 2021 at 11:00 am. Lub-rref Bangladesh Limited Subscription starts on 26 January 2021. IPO Lottery will be drawn on 23 February 202. Get the Lub-rref Bangladesh IPO result online lub-rref.ipolotterybd.net. Also, IPO price, Prospectus, Subscription application form, and other information available in this article. So, how to get the IPO Result? Subscription and online application for this share market? IPO lottery draw date is 23 February 2021 at 11:00 AM.
Lub-rref Bangladesh IPO
However, the IPO subscription of Lub-rref Bangladesh limited will begins on 26 January 2021 for the funding of Taka 1.50 billion followed by the book-building method. According to the shorten prospectus, the subscription of the Lub-rref Bangladesh limited will close on 1st February 2021, which products are named BNO Lubricants lub-rref.ipolotterybd.net.
Finally, the finish of the bidding process, accomplish a suggested rate between Taka 13 and Taka 60. So, the cut-off price was set at Tk30 by eligible institutional investors according to the Dhaka Stock Exchange (DSEBD).
According to the book building method, all the eligible investors have taken part in the price discovery of the Lub-rref Bangladesh Limited. IPO result lub-rref.ipolotterybd.net.
IPO Lottery Result
Most over, you will get Lub-rref Bangladesh IPO lottery result in this section on 23 February 2021 at 11:00 AM. In fact, you should download Lub-rref Bangladesh Ltd IPO result from the below link.
According to an initial public offering (IPO) of the rules of the book-building system, Lub-rref Bangladesh shares will sale to general investors at a 10% discount on the low share market price. The Companies investors will get 50% of the shares at the suspected price. On the other hand, the remaining 50% will get to the rest of the investors, including all the general investors and non-resident Bangladeshis.
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Therefore, the company will invest Tk98 crore to expand its existing lubricant manufacturing plant. For that, the company will capture 20% lube oil market share, from the existing 8%, according to Lub-rref’s IPO prospectus.
Most importantly, the Lub-rref Bangladesh Ltd company looking to stand up Tk150 crore through IPO. You can apply for Lub-rref Bangladesh IPO application or subscription. Certainly, you should know the Chittagong-based company Lub-rref Bangladesh will use the Tk150-crore IPO fund to purchase the new pieces of machinery for its existing plant and refund its bank loans. Finally, you can Vetted Prospectus download as a PDF.
Lub-rref Bangladesh Ltd Overview
Very recently, Bangladesh Securities and Exchange Commission (BSEC) has allowed Lub-rref Bangladesh Ltd company shares for bidding for the eligible investors world-wise. As a result, the company has supplied “BNO Lubricants” brand lubricants all over the country.
On the other hand, the company has published its last year (30 June 2019) entity’s audited financial statements. Its weighted net asset value per share was Tk31.93 while earnings per share (EPS) was Tk2.08.
NRB Equity Management Limited is IPO issue manager.
Therefore, Lub-rref Bangladesh Ltd. an ISO-certified professional company that always maintains its high ethical and international quality standards. Their main goal about the field of lubricants and greases. They are able to launch this ever biggest lubricating oil blending plant. Now they are marketing new products under the ‘BNO’ Brand.
Finally, you are in the last stage of Lub-rref Bangladesh Ltd IPO news. That is all about Lub-rref Bangladesh Ltd IPO news at this moment. At this moment, IPO subscription is going on. After that, the IPO lottery draw will be held in March 2021. Instantly the Lub-rref Bangladesh Ltd IPO lottery result will publish on this page. So, stay with us for more information on the IPO news.