Bangladesh National Insurance Company Ltd IPO subscription starts on June 30, 2015

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Bangladesh National Insurance Company Ltd IPO Subscription: Bangladesh National Insurance Company Ltd IPO subscription will start from June 30, 2015. Bangladesh National Insurance Company Ltd IPO subscription period for General Public & NRB is from June 30, 2015 to July 09, 2015. Foreign currency required for NRB and Foreign applicants (Per Lot) is USD 64.60 or GBP 42.25 or EUR 57.61. Investors can submit Bangladesh National Insurance Company Ltd IPO application only through their respective brokerage house. See details Bangladesh National Insurance Company Ltd IPO from below.

Bangladesh National Insurance Company Ltd IPO at a glance
Subscription: June 30, 2015 to July 09, 2015
Market Lot: 500  shares per share@Tk.10 Total Tk.5000/=
EPS: Tk 1.07 NAV: Tk 15.65
Total Shares: 1.77 Crore
General Public (60%):  21,240 lots
Affected Investors (20%): 7,080 lots
NRB (10%): 3,540 lots
Mutual Fund (10%): 3,540 lots
Total (100%): 35,400 lots

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Bangladesh National Insurance Company Ltd IPO Approved:- Bangladesh Securities and Exchange Commission (BSEC) approved Bangladesh National Insurance Company Ltd IPO on May 12, 2015 at a regular 543th meeting of the commission.Bangladesh National Insurance Company Ltd will upload 1.77 crore shares of Tk.10/= each at offer value of Tk.10/= without any premium. Bangladesh National Insurance Company Ltd will raise TK17.70 crore through initial public offerings (IPO).

BNICL-logoAccording to the financial statements of Bangladesh National Insurance Company Ltd ended on July 31, 2014, the EPS- Earning Per Share was TK1.07/- and NAV- Net Asset Value is TK15.65/-.

According to the prospectus, Bangladesh National Insurance Company Ltd will use the IPO fund to  invest in FDR, Treasury Bond and to meet up its IPO expenses. Prime Finance Capital Management Ltd is the issue manager of Bangladesh National Insurance Company Ltd IPO.

Bangladesh National Insurance Company Ltd, the leading general insurance company in Bangladesh, was established in 1996. It got licensed under Insurance Act 1938 on April 8, 1996. It does all kind of General Insurance business. It head office is located at 68 Motijheel C/A (Floor-15), Dhaka-1000 Bangladesh.

For more information about Bangladesh National Insurance Company Ltd IPO you can visit Bangladesh National Insurance Company Ltd website www.bniclimited.com. All necessary information about Bangladesh National Insurance Company Ltd IPO may also be found at DSE website.

Updated: 07/06/2016 — 20:07
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