Fortune Shoes Limited IPO Result

Fortune Shoes Limited IPO Result & Application Information available in our website. Fortune shoes ipo result download from fortuneshoes.com. Bangladesh Securities and Exchange Commission approved IPO Fortune Shoes Limited to raise Tk 22 crore from public on 29 June 2016 on their 579 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain.

Fortune Shoes Limited IPO Result 2016

The Chittagong-based footwear FSL manufacturer will float 2.2 crore ordinary shares worth Tk 10 each, the stockmarket regulator said in a statement. The company will use the fund from the initial public offering (IPO) to purchase machinery and equipment and construct a building.

Fortune Shoes Limited IPO ResultThe company’s weighted average earnings per share stood at Tk 1.41 with a net asset value per share of Tk 13.75 in February this year. Imperial Capital and Prime Bank Investment will jointly manage the IPO.

Fortune Shoes Ltd.  (FSL) was incorporated in Bangladesh as a Private Limited Company with the issuance of Certificate of incorporation bearing no. CH-7590/10 of 2010 dated on March 14, 2010 by the Registrar of Joint Stock Companies & Firms, Chittagong, Bangladesh. The Company Converted into public Limited Company on 2015.

The Company started its commercial operation on September 07, 2011. The principal activities of the company are to carry on the business of manufacturing and exporting all kinds of leather shoes, footwear etc.

Fortune Shoes Limited IPO Result Download

Fortune Shoes Limited (FSL) IPO Draw will be held on 21st September 2016 at Institution of Engineers, Bangladesh (IEB), 8/A, Ramona, Shahbag, Dhaka-1000. The IPO Lottery Result “Fortune Shoes LTD” Share officially announced at 10am. Fortune Shoes Limited IPO Result will be available in our website.

Stock Broker / Merchant Bank Code

General Public IPO Result

Non Residence Bangladeshi (NRB)

Eligible Investors (Pro Rata Basis Allotment)

Affected Small Investors IPO Result

Mutual Fund

Fortune Shoes Limited IPO Application Information

Fortune Shoes Ltd Subscription details:

Fortune Shoes Ltd IPO Subscription open from 16 Aug 2016 And Subscription close 28 Aug 2016. Besides Subscription close for NRB 16 Aug 2016 to 28 Aug 2016.

Offer price = Tk. 10.00

Face value per share = Tk. 10.00

Market lot = 500 units

Single lot price = Tk. 5000.00

Earning per Share (EPS) =Tk. 1.03 (Basic) and Tk. 1.03 (Adjusted) for the period ended on February 29, 2016

Net Asset Value (NAV) = Tk. 13.75 as on February 29, 2016

Fortune Shoes Limited opponents in the Market

There are a numerous number of companies are involved in Shoes manufacturing in Bangladesh. The major competitors are as:

  • Apex Footwear Limited
  • Bata Shoe Limited
  • Jennys Shoes Ltd
  • Lalmai Sportswear Industries Limited
  • Longla Leather Limited
  • Legacy Footwear Limited
  • Bengal Shoe Industries Limited
  • Earth Footwear Limited
  • Zeal Wears Limited

FSL is a 100% export oriented company engaged in shoes manufacturers in Bangladesh. The principal activities of the Company are to carry on the business of manufacturing and exporting of all kind of leather shoes, footwear etc.

Fortune Shoes is engaged in manufacturing and exporting all kinds of leather shoes and footwear, according to the company website. It exports footwear products to Germany, the Netherlands, France, Taiwan, the UK and China.

After listing, Fortune Shoes will be the sixth company under tannery industries category, which accounts for less than 1 percent of total market capitalisation of Dhaka Stock Exchange.

Fortune Shoes Limited Address:

FSL manufacturing unit is situated at Kawnia, Barisal.

Head Office:

Moon Island, Suite # C-03, Plot # 34 & 36, Road # 08, Block # E, Niketon, Gulshan-01, Dhaka-1212., Bangladesh

Phone:  +880-02-9851132, Fax: +880-02-9851154

Email: infofsl@fortuneshoes.com

 

Factory Office:

Plot No. 66-68, BSCIC Industrial Estate, Kawnia, Barisal, Bangladesh.

Phone:  +880-031-741299

FSL Web Address: fortuneshoes.com, fortuneshoesltd.com

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