FAR Chemical IPO Result – www.farchemicalbd.com.
FAR Chemical Industries Ltd Initial Public Offering Subscription was from 10-16 March 2014 for Residence Bangladeshi and 10-25 March 2014 for NRB. FAR Chemical l IPO lottery will be held 2nd week of April, 2014. IPO over subscript 71.66 times.
This IPO approved by The Bangladesh Securities and Exchange Commission (BSEC) on 21st January 2014 to raise 12 crore through issuing 1.20 crore ordinary shares of 10/- each to purchase capital machinery and increase production capacity.
Primary Status of IPO of FAR Chemical Industries Ltd.:
All concerned are hereby informed that:
Total amount of subscription (excluding NRB)=Tk.8,447,345,000 (application received=16,89,469 nos).
Total amount received from NRB Tk. 152,500,000 up to 24 March 2014 (application received=30,500 nos).
Hence, Total subscription received=Tk. 859,98,45,000 (application received=17,19,696 nos) against Public Issue of IPO of Tk. 120,000,000 (Total Lots=24,000 nos) which is over subscribed by 71.665 times.
Hence, FAR Chemical IPO IPO over subscript 71.66 times then IPO size.
About FAR Chemical:
FAR Chemical Industries is a textile chemical manufacturer and a sister concern of FAR Group. FAR Chemical located at Comilla EPZ, the company produces all types of textile chemicals needed the Group’s 100% export-oriented textile sector.
According to the company’s financial statement. as of June 2013, the earnings per share of the company 5.01/- and the net asset value per share 15.55/-.The public offer price of each share of the company will be at 10/- without any premium and each market lot contains 500 ordinary shares. Single lot offer price will be 5000/-
First Securities Services Limited worked as the issue manager of the company.
M. L. Tower (15th-16th Floor)
1 East Rampura, D.I.T Road,
IPO Lottery Result of FAR Chemical:
– Bank / Branch Code
– General Public
– Non resident Bangladeshi
– Affected small investors
– Mutual Fund
Distribution of Refund Warrant:
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