Aramit Cement IPO approved – Forms and Prospectus Download. The securities regulator approved the rights offer of Aramit Cement ltd. IPO proposal to enhance the company capital base. At Tuesday 502 meeting officials said, the securities regulator has fined the BDBL Tk 1.0 million for the company’s participation behind the abnormal price of the CVO Petrochemical Refinery.
The decisions came at a commission meeting held at the of the Bangladesh Securities and Exchange Commission (BSEC) office. According to the BSEC approval, Aramit Cement will issue one rights share against one existing share at – Issue price of Tk 15, Including a premium of Tk 5/- for each share 10 taka.
The company will be raising a fund of Tk 254.1 million for paying off the company’s liabilities and term loans beside with serving other company related purposes. Now interested applicant can easily generate IPO form by online. www.aramitgroup.com.
Aramit Cement limited IPO
Aramit Cement Limited is occupied in industrialized of Rice Bran Oil by processing of Rice Bran that collects from local Rice mills. Processing of Rice Bran, De-oil Bran, Fatty Acid, Gum, Wax & Spent Earth are produced as by-product.
Major Product of Aramit Cement Limited is with De-oil Bran, Rice Bran, Fatty Acid, Gum, Wax & Spent Earth. Aramit Cement limited Issue Manager is Alliance Financial Services Limited. Aramit Cement IPO limited Revaluation Reserve: 14.06. You can download Aramit Cement IPO forms from www.aramitgroup.com.
For working capital purpose Proceeds from Aramit Cement IPO will utilize Tk. 65,000,000, repayment of term Loan Tk. 120,000,000 for and to meet IPO Cost Tk. 15,000,000. Aramit Cement IPO Proposed Share: 20,000,000, Face Value: Tk. 10, Offered Value: Tk. 10, Market Lot: 500, EPS: Tk. 2.85.