IPO: Rangpur Dairy & Food Products Ltd (Subscription Open: 11.09.11, Close: 15.09.11) ** Zahintex Industries Ltd (Subscription Open: 18.09.11, Close: 22.09.11) *** AB Bank first Mutual Fund (Subscription Open: 25.09.11, Close: 29.09.11)****Bangladesh Shipping Corporation - RPO (Subscription Open: 09.10.11, Close: 13.10.11)*****First Bangladesh Fixed Income Fund (Subscription Open: 16.10.11, Close: 20.10.11) Right Share:*Federal Insurance Company Ltd(Subscription Period 05.09.2011 to 03.10.2011) Ratio of Rights Issue 2R : 1, Issue Price BDT 10;** International Leasing & Financial Services Ltd(Subscription Period 06.09.2011 to 02.10.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100;*** United Airways (BD) Ltd (Subscription Period 22.09.2011 to 13.10.2011) Ratio of Rights Issue 1R : 1,Issue Price BDT 15;****Bank Asia Ltd(Subscription Period 12.10.2011 to 10.11.2011) Ratio of Rights Issue 1R : 4, Issue Price BDT 100;*****Lafarge Surma Cement Ltd (Subscription Period 19.10.2011 to 13.11.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100, Record date : 03.10.2011;******Premier Leasing & Finance Ltd (Subscription Period 26.10.2011 to 22.11.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100, Record date : 10.10.2011;

DSE gives nod to IPO prospectuses of Westin, BSSC, Padma Life


The Dhaka Stock Exchange on Sunday gave nod to prospectuses of initial public offerings of Bangladesh Submarine Cable Company, Unique Hotel and Resorts Ltd and Padma Life Insurance Company.
The bourse’s board will now forward its recommendations in favour of the prospectuses of the three companies to the Securities and Exchange Commission for approval, DSE sources said.
The state-run submarinecable company will float 3.10 crore ordinary shares of Tk 10 each at an offer price of Tk 35 including Tk 25 premium, using the fixed price method.

The company after revising its previous listing plan had submitted its IPO prospectus to the SEC, which forwarded it to the DSE, officials said.
Earlier the telecom service provider planned listing through a direct listing method, but now it opts for a fixed price system.
The existing paid-up capital of BSSC is Tk 87.50 crore.
The net asset value per share with asset revaluation is Tk 17.56 and without asset revaluation is Tk 15.69. The existing earnings per share of the company is Tk 3.37.
Unique Hoteland Resorts Ltd, the owner of TheWestin Dhaka, will float 2.60 crore ordinary shares of Tk 10 each at an offer price of Tk 115 including Tk 105 premium, using the fixed price method.
The company recently submitted its IPO prospectus to the stock market regulator revising its listing plan from book building to a fixed price method.
Previously, under the book building method, the indicative price was fixed at Tk 185 per share.
The number of shares was also reduced from previously planned three crore primary shares under the book building method.
Earning per share of Unique Hotel, whose existing paid-up capital is Tk 230 crore, is Tk 5.85, while net asset value per share is Tk 77.62.
Padma LifeInsurance Company will float 1.2 crore shares with a face value of Tk 10.

Source: by Ahmed Shawki, New Age (October 10, 2011)

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