Fortune Shoes Limited IPO Lottery Result Download. Fortune Shoes Ltd IPO Result found here. Public offer for application of Fortune Shoes Limited is from 16 August 2016 to 28 August 2016. Download Fortune Shoes Limited IPO Lottery Result that will be published here. IPO or an Initial Public Offer (IPO) is the first sale of a stock by a private company to the public company. In this way, a company can increase money by issuing either debt or equity. IPO or Share market inauguration is a type of public offer in which shares of a company generally are sold to the predictable investors that in turn, sell to the general public by a securities exchange for the first time.
Fortune Shoes IPO Result
In this way, a private company converts into a public limited company. IPOs are often issued by smaller or newer companies seeking the funds or capital to expand, but can also be done by large privately-owned companies looking to become in public traded.
Initial Public Offer (IPO) of Fortune Shoes Limited
Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Fortune Shoes Limited on 29 June 2016 on his 579th meeting. The company has expressed its intention to collect Taka 22 crore from the capital market offering 2 Crore 20 Lac ordinary shares to issue share prices at Taka 10 as face value. The company’s earning per shares (EPS) Taka 1.22 and net asset value (NAV) Taka 13.75 according to the financial statement of 9th Month ending on 29 February 2016. Imperial Capital Limited and Prime Bank Investment Limited have acted on behalf of for the company’s issue managers. The company will spend the capital in setting up Building Construction, buying machinery & equipment and IPO related other relevant expenses.
Fortune Shoes Limited IPO Lottery Result Found Here
Fortune Shoes Limited IPO Lottery Result has been published. Download Fortune Shoes Limited IPO Lottery Result from here. After ending of application of Initial Public Offer (IPO) from 16 August 2016 to 28 August 2016 of Fortune Shoes Limited IPO Lottery Result or Lottery draw may be held on Today, Thursday, 22 September 2016. Place: Dhaka. Time: 10:00 A.M.
Click the following Link to get Fortune Shoes Limited IPO Lottery Result
- Stock Broker/ Merchant Bank Code
- General Public/Resident Bangladesh
- Non-Residence Bangladesh(NRB)
- Affected Small Investors
- Mutual Fund
- Eligible Investors Other Than Mutual Fund
- Distribution of Refund Warrant
(The Above Link will be updated when the result published)
You can also get the result from the official website of Fortune Shoes Limited IPO Lottery Result i.e. www.fortuneshoesltd.com
Fortune Shoes Limited as per Prospectus
FORTUNE SHOES LIMITED
(Subscription Open: August 16, 2016, Close: August 28, 2016)
Share Value: Taka 10/Per Share
Lot Distribution: 500
Total Value Taka = 5,000
Institute (40%) = 17,600 Lot
Mutual Fund (MF) (10%) = 4,400 Lot
General Public (32%) = 14,080 Lot
Affected Investors (8%) = 3,520 Lot
Non-Residential Bangladesh (NRB) (10%) = 4,400 Lot
Total Lot 100% = 44,000 Lot
Total Share = 2 Core 20 Lac
Earnings per Share (EPS): 1.22
Net Asset Value (NAV): 13.75
according to the financial statement of 9th Month ending on 29 February 2016.
Issue Manager: Imperial Capital Limited and Prime Bank Investment Limited
Fortune Shoes Limited IPO Lottery Result Download