Today Mir Akhtar IPO Lottery Result Published.
Get Mir Akhtar IPO Lottery Result.
Mir Akhtar Hossain Limited’s lottery draw has been held for allotment of shares among the applicants in the initial public offering (IPO). The company’s lottery draw was held on Thursday (January 21) on the digital platform. Below are the lottery results:
- Stockerbroker/Merchant Banker’s Code
- Affected Small Investors
- Non Resident Bangladeshi
- Resident Bangladeshi
Applications for the company’s IPO were accepted from December 24 to December 30. The company’s IPO has received applications worth Tk 719.44 crore or 11.04 times against the target of Tk 56.08 crore for general investors.
The IPO of the company was approved at the 648th meeting of the Bangladesh Securities and Exchange Commission (BSEC) on November 4.
The company will raise Tk 125 crore through the issuance of 2 crore 8 lakh 61 thousand 547 shares through book building method. Of this, 1 crore 3 lakh 65 thousand 648 ordinary shares will raise Tk 57 crore 6 lakh 33 thousand 200 from the capital market through issue of Tk 54 in IPO. The remaining 1 crore 3 lakh 85 thousand 600 shares will be auctioned to eligible investors at a price of Tk 60 and will raise Tk 72.31 crore.
Earlier, on August 13, the 635th meeting of the regulatory body Bangladesh Securities and Exchange Commission (BSEC) approved the company’s bidding.
By raising Tk 125 crore from the capital market through an initial public offering (IPO) in the Mir Akhtar Hossain Book Building method, the company will spend on business expansion, purchase of equipment and machinery, repayment of bank loans and IPO costs.
According to the audited financial statements of the company ended June 30, 2019, the company’s earnings per share has been 8.32. On June 30, 2019, the company’s net asset value per share (including revaluation reserves) was Tk 34.61 and net asset value per share (excluding revaluation reserves) was Tk 33.83.
Note that according to 5 financial statements, the net profit after tax has been weighted at an average rate of Tk 8.21 per share.
IDLC Investments Limited is the issue manager of the company.