9:35 AM
Four IPOs get SEC's approval. The Securities and Exchange Commission yesterday approved 2 new and 2 revised initial public offerings (IPOs).
The approvals came at
a gathering of the stockmarket regulator chaired by its Chairman M Khairul Hossain.
New IPO's:
1. Bengal Windsor Thermoplastic
Bengal Windsor Thermoplastic can float 1.60 crore ordinary shares of 10/- every at an offer value of 25/-, including 15/- as premium, to raise Tk forty crore from public.
The company's EPS was 3.62/- and NAV per share was 9.45/- as of June 2011.
ICB Capital Management is that the issue manager of Bengal's IPO.
1. Golden Harvest Agro Industries:
Using fixed-price method, Golden Harvest Agro Industries can float 3 crore ordinary shares of 10/- every at an offer value of 25/-, together with a premium of 15/-, to boost Tk seventy five crore from public.
The company's earnings per share (EPS) was 4.72/- and net asset price (NAV) per share was 25.53/- as of June 2011, in line with an announcement of the SEC.
Banco Finance and Investment and Royal green Capital Market are the issue managers of Golden's IPO.
Revised IPO:
3. Argon Denims
As per its revised IPO, can float 3 crore ordinary shares of 10/- every at an offer value of 35/-, including a premium of 25/-.
Previously, the argon Denims ipo was approved at 44/-.
IPO Subscription: 18-22 November, 2012
4. Summit Purbanchal Power Company:
As per the revised IPO, Summit Purbanchal Power Company can float 3 crore ordinary shares of 10/- each at an offer value of 40/-, including a premium of 30/-.
Previously, the Summit Purbanchal ipo was approved at 45/-. however considering the present market scenario, the company reduced the premium by Tk five and therefore the commission approved it, according to the statement.
IPO Subscription: 11-15 November, 2012
5. Envoy Testiles:
The SEC also gave permission to Envoy Textiles to resume its IPO subscription period, which was postponed in July.
IPO Subscription: 16-22 October, 2012
Download upcoming IPO prospectus and Application Forms: Click here
New rule on issuance of debt securities through private placement:
The regulator conjointly finalised a new rule on issuance of debt securities through private placement to bring the fund raising method under regulation. A gazette are going to be published soon on the approved rule, Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012.
Presently, there's no specific rule or guideline on supply debt instrument. The SEC has to this point been giving permissions to issue debt securities under its capital issue rules.
Debt securities or debt instruments evidence the financial obligation of the issuer to the investors within the form of bond, debt, or the other instrument of financial obligation, whether or not secured or not.
New IPO's:
1. Bengal Windsor Thermoplastic
Bengal Windsor Thermoplastic can float 1.60 crore ordinary shares of 10/- every at an offer value of 25/-, including 15/- as premium, to raise Tk forty crore from public.
The company's EPS was 3.62/- and NAV per share was 9.45/- as of June 2011.
ICB Capital Management is that the issue manager of Bengal's IPO.
1. Golden Harvest Agro Industries:
Using fixed-price method, Golden Harvest Agro Industries can float 3 crore ordinary shares of 10/- every at an offer value of 25/-, together with a premium of 15/-, to boost Tk seventy five crore from public.
The company's earnings per share (EPS) was 4.72/- and net asset price (NAV) per share was 25.53/- as of June 2011, in line with an announcement of the SEC.
Banco Finance and Investment and Royal green Capital Market are the issue managers of Golden's IPO.
Revised IPO:
3. Argon Denims
As per its revised IPO, can float 3 crore ordinary shares of 10/- every at an offer value of 35/-, including a premium of 25/-.
Previously, the argon Denims ipo was approved at 44/-.
IPO Subscription: 18-22 November, 2012
4. Summit Purbanchal Power Company:
As per the revised IPO, Summit Purbanchal Power Company can float 3 crore ordinary shares of 10/- each at an offer value of 40/-, including a premium of 30/-.
Previously, the Summit Purbanchal ipo was approved at 45/-. however considering the present market scenario, the company reduced the premium by Tk five and therefore the commission approved it, according to the statement.
IPO Subscription: 11-15 November, 2012
5. Envoy Testiles:
The SEC also gave permission to Envoy Textiles to resume its IPO subscription period, which was postponed in July.
IPO Subscription: 16-22 October, 2012
New rule on issuance of debt securities through private placement:
The regulator conjointly finalised a new rule on issuance of debt securities through private placement to bring the fund raising method under regulation. A gazette are going to be published soon on the approved rule, Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012.
Presently, there's no specific rule or guideline on supply debt instrument. The SEC has to this point been giving permissions to issue debt securities under its capital issue rules.
Debt securities or debt instruments evidence the financial obligation of the issuer to the investors within the form of bond, debt, or the other instrument of financial obligation, whether or not secured or not.
Posted in: Forth Coming IPO
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