SEC approves Padma Life Insurance IPO

The Securities and Exchange Commission (SEC) approved initial public offering (IPO) prospectus of Padma Life Insurance Limited. SEC Chairman M Khairul Hossain presided over a meeting at Commission’s office in the city on Tuesday, approving the IPO Padma Life Insurance.

Padma Islamic Ins company will float 12 million shares at an offer price of Tk 10 each to raise Tk 120 million, said SEC’s Executive Director Saifur Rahman.

500 shares will form a market lot. Net asset value per share is Tk 14.37 as of last financial statement.

Union Capital will act as the issue manager for the IPO.

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GSP Finance to go public

he Securities and Exchange Commission (SEC) has also approved the IPO (initial public offering) of GSP Finance Company.

The approval came from a regular meeting of the regulatory body, SEC, at its office in the city.

Emerging from the meeting, executive director of the SEC told journalists that GSP finance would collect Tk 50 crore by releasing 2 crore shares.

“The price of each share, having Tk 10 face value, has been fixed at Tk 25 while Tk 15 will be taken as premium,”. The company’s net asset value (NAV) and earning per share (EPS) are Tk 25.61 and Tk 1.75 respectively as of December, 2010.

ICB Capital Management is working as the issue manager of GSP Finance.

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IPO Subscription of GBB Power

The Securities and Exchange Commission (SEC) approved the initial public offerings (IPO) prospectus of GBB Power, a private sector power generation firm, to raise Tk 820 million.

The decision came at a SEC meeting presided over by its Chairman M Khairul Hossain.

The company will float 20.50 million ordinary shares of Tk 10 each at an offer price of Tk 40 including a premium of Tk 30.

Authorised capital of the company is Tk 1 billion and existing paid up capital is Tk 305 million which will be increased to Tk 510 million after the IPO subscription.

IDLC Finance Limited will act as the issue manager for the IPO.

IPO Subscription Open:

   for RB   : 18.12.2011 to 22.12.2011

   for NRB: 18.12.2011 to 31.12.2011

20,500,000 Ordinary Shares of Tk. 10/- each at an issue price of Tk. 40/- per share
(including a premium of Tk. 30/- each) totaling Tk. 8,20,000,000/- 


i. Prospectus
ii. IPO Application form for RB in pdf format
iii. IPO Application form for NRB in pdf format

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Mobil Jamuna- Distribution Schedule of Refund Warrant

Mobil Jamuna Bangladesh Limited (MJL)

Distribution Schedule of Refund Warrant (only allotted shareholders)

Source: Daily Star, date: 15 June, 2011

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MJL's IPO lottery draw Jan 31

The draw of IPO lottery of Mobil Jamuna Lubricants (MJL) will be held on January 31 (Today) at the Banghabandhu International Conference Centre, officials said.

The officials said the IPO (initial public offering) lottery draw will start at 10:00 am as per regulator's consent. Fresh schedules of distribution of refund warrants will be announced in time.

The offer price of the MJL's share is Tk 162 and the company has collected about Tk 25 billion against its IPO worth Tk 6.1 billion.

Results:  Result is available now for download.

click below to download  the result:

Bank Code Branch Code 
Result (General Public) - RB
Result (NRB)
Schedule of Refund warrent

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