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LOVELLO Ice Cream IPO Lottery Result Published which is a Brand of Taufika Foods and Agro Industries Limited.
Click Here to See the Lovello Online IPO Result
Taufika Foods and Agro Industries Limited (LOVELLO Ice cream) IPO Lottery Results
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Stock Exchange TREC No. / M.Bank SL No. |
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Residents Bangladeshi |
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Affected small investors(ASI) |
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Non-Residents Bangladesh |
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All Eligible Investors (Pro-rata Allotment) |
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DSE website’s IPO Lottery Result link:
https://www.dsebd.org/ipo_lottery_result.php
Lets see prospectus of Lovello IPO:
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Taufika Foods and Agro Industries Limited (As per Prospectus)
Major Products: Ice-Cream Products.
Security Trading Code: LOVELLO (TAWFIKA FOODS)
BSEC’s Consent for IPO : November 30, 2020
Issue Date of Prospectus: December 02, 2020
Subscription Open: January 03, 2021
Subscription Close (Cut-off Date): January 07, 2021
For approved pension funds, recognized provident funds and Minimum Investment for EIs approved gratuity funds BDT 50,00,000 (Market Price). For other EIs BDT 1,00,00,000 (Market Price).
Cut-off date for Minimum Investment December 23, 2020 (at the close price of)
Lovello Ice Cream IPO Authorized Capital : BDT 1,000,000,000
Lovello Pre-IPO paid-up Capital: BDT 550,000,000
Lovello IPO size in shares : 30,000,000
Lovello IPO size in BDT at face value:Â BDT 300,000,000
Lovello IPO size in BDT at offer price : BDT 300,000,000
Lovello Post IPO Paid-up Capital : BDT 850,000,000
Lovello IPO Face Value per share BDT 10.00 Offer Price per share: BDT 10.00
Lovello IPO Market Lot (Shares): 500
Foreign Currency required for NRB USD 59.39 or Pound 44.36 or EUR 49.42 and Foreign Applicants (per lot) Particulars Amount (BDT) Acquisition of
Plant & Machinery 90,365,003 (30.12%)
Freezer Purchase 57,849,847 (19.28%)
Vehicles Purchase 20,564,250 (06.86%)
Use of IPO Proceeds Investment in Depot to increase 13,220,900 (04.41%)
Sub-Total 182,000,000 (60.67%)
Bank Loan Repayment 90,000,000 (30.00%)
IPO Expenses 28,000,000 (09.33%)
Total 300,000,000 (100.00%)
NAV per share BDT 12.17 as on September 30, 2019
Earnings per Share (Basic) BDT 1.20 for the quarter ended September 30, 2019
Issue Manager Banco Finance and Investment Limited and Sandhani Life Finance Limited
Auditor Islam Quazi Shafique & Co. Chartered Accountants
Website: www.lovello.club
