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Khan Brothers PP Woven Bag Industries IPO Result

Khan Brothers PP Woven Bag Industries IPO Result on 25 Sept.

Khan Brothers PP Woven Bag Industries IPO Result on 25 Sept. Khan Brothers PP Woven Bag Industries Ltd (KBPWBI) IPO Result will be publish on 25th September 2014 at Institute of Engineers Bangladesh (IEB), Dhaka. Khan Brothers IPO over subscript 41.689 times.

Khan Brothers PP Woven Bag Initial Public Offering Subscription was from 24-28 August 2014 for Residence Bangladeshi (RB) and 24 Aug-06 September 2014 for Non-Residence Bangladeshi (NRB). BSEC approved Khan Brothers PP Woven Bag IPO on 24th June  to go for public worth Tk 200,000,000/- to float 2.00 crore shares at offer value at Tk 10/-without any premium.

As per the latest financial statements ended on June 30, 2013, per share the earning per share (EPS) was 1.67/- with net asset value (NAV) of 14.69/- with revaluation.

AFC Capital Ltd & BMSL Investment Ltd are are acting as the issue manger of this IPO.

About the Company:
Khan Brothers PP Woven Bag Industries IPO ResultKhan Brothers Group of Companies started off as a PP Woven Bags known as Khan Brothers PP Woven Bag Industries Ltd.Call Centre, PP Woven Bags is first concern of this group. This Project is very successful and had helped foster the growth of trust and confidence of the urban people in “Khan Brothers Group”. Driven by the ramifications of this success, Khan Brothers Industries Group invest in new fields, including C.N.G, Poly Bag, Ship,  Web Design and Development, Data Entry & Outsourcing.

Address:
24/1, Chamelibagh (5th floor), Shantinagar Dhaka 1217 Bangladesh
Email: info@kbgbd.com
Phone: +88 (0)2 8332069, 8332108
Fax: +88 (0)2 833 2576
http://www.kbgbd.com
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Primary Status of Khan Brothers PP Woven Bag Industries IPO Result:

All concerned are hereby informed that the primary status of the IPO of Khan Brothers PP Woven Bag Industries Ltd.:

Aamount of subscription (excluding NRB)=Tk.8,304,540,000/- (application received=16,60,908 nos).
Amount received from NRB =Tk. 57,78,000/- up to 28 August 2014 (application received=6,656 nos).
But the last date of NRB was 6th September 2014, hence more application will by submitted by this time in NRB category.

So, Total subscription received=Tk. 8,337,820,000/- (application received=16,67,564 nos) against Public Issue of IPO of Tk. 20,000,000 (Total Lots=40,000 nos) which is over subscribed by 41.689 times.

Hence, Khan Brothers IPO over subscript 41.689 times then IPO size.

 

Khan Brothers PP Woven Bag Industries IPO Result
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Khan Brothers PP Woven Bag Industries IPO Result on 25 Sept will update www.kbgbd.com and here also. So keep visiting us for IPO result.

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