3:25 PM
Sunlife Insurance and Premier Cement get IPO approval. Sunlife
insurance company limited and Premier Cement Mills limited got approval for their initial public offerings from the Securities and Exchange Commission.
The approval came at a commission meeting wednesday presided over by its chairman prof M Khairul Hossain.
Sunlife Insurance can offload twelve million stock at an offer value of Tk ten every to collect Tk a hundred and twenty million by exploitation fixed price method.According to its latest financial statement, the earning per shares of Sunlife insurance company is Tk 6.54.Banco Finance and Investment Ltd can act as issue manager of initial public offering (IPO) method.
Premier Cement Mills also will float twelve million ordinary shares of Tk ten every at an offer value of Tk twenty two as well as a premium of Tk twelve. Premier Cement can raise Tk 264 million from the market through initial offering. According to its 2010-2011 financial statement, the earning per share of Premier Cement is Tk four.05. Alliance financial Services are the issue manager for ipo method.
In going for initial offering, Sunlife Insurance are the forty sixth company within the insurance sector whereas Premier Cement Mills are the seventh company in cement sector.
Sunlife Insurance Company Limited
30,000,000 Ordinary Shares of Tk. 10/- each at an issue price of Tk. 10/- per share
Market lot=500.
To Download IPO Prospectus and Application Forms: Click here.
The approval came at a commission meeting wednesday presided over by its chairman prof M Khairul Hossain.
Sunlife Insurance can offload twelve million stock at an offer value of Tk ten every to collect Tk a hundred and twenty million by exploitation fixed price method.According to its latest financial statement, the earning per shares of Sunlife insurance company is Tk 6.54.Banco Finance and Investment Ltd can act as issue manager of initial public offering (IPO) method.
Premier Cement Mills also will float twelve million ordinary shares of Tk ten every at an offer value of Tk twenty two as well as a premium of Tk twelve. Premier Cement can raise Tk 264 million from the market through initial offering. According to its 2010-2011 financial statement, the earning per share of Premier Cement is Tk four.05. Alliance financial Services are the issue manager for ipo method.
In going for initial offering, Sunlife Insurance are the forty sixth company within the insurance sector whereas Premier Cement Mills are the seventh company in cement sector.
Sunlife Insurance Company Limited
Subscriptions Detail
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30,000,000 Ordinary Shares of Tk. 10/- each at an issue price of Tk. 10/- per share
To Download IPO Prospectus and Application Forms: Click here.
Posted in: Forth Coming IPO
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