Emerald Oil IPO Result – www.spondonoil.com. Emerald Oil Industries Ltd. IPO lottery draw will be held 2nd week of February, 2014. As per primary subscription status IPO over subscript about 39 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.:
All concerned are hereby informed that the primary status of the 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.
According to the prospectus, the IPO proceeds will be used to pay off loan taken from the banks, investment and IPO purpose. 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.
Jahan plaza (2nd Floor)
42 / 1-ka, Segun Bagicha
- Telephone: 0171-3032085
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