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Emerald Oil IPO Result – www.spondonoil.com

Emerald Oil IPO Result – www.spondonoil.com. Emerald Oil Industries Ltd. IPO lottery draw will be Thursday, 6th February, 2013 at Institute of Engineers Bangladesh (IEB), Dhaka on 10.00 am.  As per final status, Emerald oil IPO over subscript about 44 times then IPO Size. Emerald IPO Subscription was 6-12 January 2014 for RB and and 6-21 for NRB. Emerald Oil Industries Limited will be issue 2 core ordinary shares from public and will take 20 cores taka through Initial Public Offering (IPO). Primary Status of IPO of Emerald Oil Industries Ltd.: Total amount of subscription (excluding NRB)=Tk.7,665,315,000.00 & Total No. of application=1,152,166. Total amount received from NRB Tk. 175,000,000.00 & Total application from NRB=35,000 up to 20 January 2014.

Emerald Oil Industries Ltd. is producing rice bran edible oil, Spondon since 2011. Rice bran oil is one kind of oil that is extracted from the inner husk of rice plants. Emerald Oil Industries Ltd. is a 100% Refined Rice Bran Oil & 100% Pure, Clean company in Dhaka. As per financial statement 30 June, 2013, EPS of the company is 2.85/- and NAV is 14.06/-. Alliance Financial Service Ltd will act as a Issue manager of this IPO. www.spondonoil ipo.com

 

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