Lub-rref IPO Lottery Result

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Lub-Reff IPO Result

Lub-rref (Bangladesh) Limited IPO Prospectus:

Nature of Business: The principal activities of the company are to manufacture Automotive, Industrial, Marine, Power House Lubricants, Lube Base oil Refining and Lubricating grease Blending.
Major Products/Divisions: Manufacture Engine Oil, Gear Lubricants, Hydraulic Oil, Transformer Oil, Grease, etc.
Security Trading Code : LRBDL
BSEC’s Consent for IPO : December 24, 2020
Issue Date of Prospectus : December 28, 2020
Subscription Open : January 26, 2021
Subscription Close (Cut-off Date) : February 01, 2021
Authorized Capital : BDT 2,500,000,000
Lub-rref Pre-IPO paid-up Capital : BDT 1,000,000,000
Lub-rref IPO size in shares : 45,243,144
Lub-rref IPO size in BDT at face value : BDT 452,431,440
Lub-rref IPO size in BDT at offer price : BDT 1,500,000,000
Post IPO Paid-up Capital : BDT 1,452,431,440
Lub-rref IPO Face Value per share : BDT 10.00
Cut-Off Price per share : BDT 30.00
Offer Price per share for GP :BDT 27.00
Lub-rref IPO Market Lot (Shares) : 200
Foreign Currency required for NRB and Foreign Applicants (per lot) : USD 64.14 or GBP 47.40 or EUR 52.78 Use of IPO Proceeds
Particulars Amount (BDT):

Expansion of Business (Acquisition & Installation of Machineries) 980,000,000 (65.33%)
Repayment of Bank loan 460,430,282 (30.67%)
IPO Expense 59,569,718 (4.00%)
Total 1,500,000,000 (100.00%)
NAV per share with revaluation BDT 31.93 as on June 30, 2019
NAV per share without revaluation BDT 25.96 as on June 30, 2019
Earnings per Share (Basic) BDT 2.08 for the year ended on June 30, 2019
Issue Manager NRB Equity Management Limited
Registrar to the Issue BetaOne Investments Limited
Auditor Ashraf Uddin & Co. , Chartered Accountants

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