Fortune Shoes Ltd IPO Subscription: Fortune Shoes Ltd IPO subscription will start from August 16, 2016. Fortune Shoes Ltd IPO subscription period for General Public & NRB is from August 16-28, 2016. Fortune Shoes Ltd IPO lot is 500 shares and resident Bangladeshis have to deposit BDT 5,000 for per lot IPO shares. Foreign currency required for non-resident Bangladeshis and foreign applicants of Fortune Shoes Ltd IPO will be USD 64.11 or GBP 48.58 or EUR 58.36 per lot. See details Fortune Shoes Ltd IPO from below.
Fortune Shoes Ltd IPO at a glance
Fortune Shoes Ltd IPO:
Stock Market Regulator Body Bangladesh Securities and Exchange Commission (BSEC) approved Fortune Shoes Ltd Initial Public Offering (IPO) proposal to offload 2 crore shares of Tk.10/= each at offer value of Tk.10/= without any premium. Fortune Shoes Ltd will raise TK22 crore through initial public offerings (IPO).
According to the financial statements of Yeakin Polymer Ltd ended on February 29, 2016, the Earning Per Share (EPS) was Tk. 1.03 (Basic) and Tk. 1.03 (Adjusted) and NAV- Net Asset Value was TK13.75/-.
According to the Fortune Shoes Ltd IPO prospectus, Fortune Shoes Ltd will use the IPO fund for the construction of building, purchasing machinery and to meet IPO expenses. Imperial Capital Ltd and Prime Bank Investment Ltd are the issuer manager for Fortune Shoes Ltd IPO.