Intraco Refueling Station Ltd IPO Result & Apply Online 2018. Bangladesh Securities and Exchange Commission approved the IPO proposal of the company on January 16 at Their 624 Board Meeting. So, Find the Intraco Refueling Station Ltd (IRSL) IPO Subscription Date, Application Instruction and others Details. The Intraco Refueling Station IPO Result PDF Download file will be available in here. Hence, Intraco Refueling Station IPO Lottery Result downloads from allresultbd.Com as well as from official website www.intracorefueling.com.
Intraco Refueling Station Ltd IPO Result
Under the approval, the company will float 3 crore shares at an issue price of Tk 10. A market lot is 500 shares and an investor needs Tk 5,000 to apply for per lot IPO.The company will use the IPO proceed in bottling and installing distribution plant, and in meeting the expenses of IPO, said a BSEC press release.
IPO or an Initial Public Offer (IPO) is the first sale of a stock by a private company to the public company. In this way, a company can increase money by issuing either debt or equity. IPO or Share market inauguration is a type of public offer in which shares of a company generally are sold to the predictable investors that in turn, sell to the general public by a securities exchange for the first time.
Intraco Refueling Station Ltd IPO subscription
The initial public offering (IPO) subscription of Intraco Refueling Station started Sunday which will raise Tk 300 million from the public under the fixed price method. The IPO subscription of the company will remain open till March 27 for resident and non-resident Bangladeshis.
Intraco Refueling IPO subscription Start: 18th March
Intraco Refueling IPO subscription Last Date: 27th March 2018.
Intraco Refueling Station Ltd IPO Result
Summary Of Intraco Refueling Station Ltd IPO
- Offer price Tk. 10.0
- Face value per share Tk. 10.0
- Market lot 500 units
- Single lot price Tk. 5000.0
- EPS Tk. 1.36 for the period ended on June 30, 2017
- NAV Tk. 13.87 as on June 30, 2017
- Major product: The principal services are selling gas through CNG re-fueling stations. IRSL is selling Compressed Natural Gas (CNG) from its CNG re fueling stations.
The company will utilise the IPO fund for LPG bottling and setting up distribution plant along with bearing the IPO cost. The principal service of the company is selling gas through CNG re-fueling stations. IRSL is selling Compressed Natural Gas (CNG) from its CNG re-fueling stations.
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Intraco IPO Result 2018
Intraco Refueling Station Ltd IPO Result will be published on 17th April 2018.
Intraco Refueling Station IPO Application Form Download
AFC Capital Limited and Asian Tiger Capital Partners Investment are the issue manager of the company. As per the entity’s consolidated financial statement (including its five subsidiary companies) for the year ending on June 30, 2017, earnings per share and net asset value per share was Tk 1.43 and Tk 13.87 respectively. The company has 95 per cent shareholding in five subsidiaries.
The required amount (per lot) of foreign currency for NRBs and foreign applicants for IPO of the company is US$ 60.46 or GBP 43.22 or EUR 48.99, according to Dhaka Stock Exchange (DSE).
About Intraco Refueling Station Ltd (IRSL)
Intraco Refueling Station Limited was incorporated on 27 March 2007 as a private limited Company and was subsequently converted into a public limited company on 28 June 2015. The company i.e. IRSL was started commercial operation on 16 June 2016. Intraco Refueling Station Limited has five subsidiaries they are below:
- a) Good CNG Refueling Station Limited
- b) M Hye & Co CNG Refueling Station Limited
- c) Nessa & Sons Limited
- d) Absar & Elias Enterprise Limited
- e) East End Automobiles Limited
Intraco Refueling Station Limited. Intraco Refueling Station Limited (IRSL), a Sister concern of Intraco Group, Since the start of its operations, Intraco was keen on establishing standards of security, safety and occupational health as a cornerstone of this vital sector which affects citizens in their daily lives.
IRSL Corporate Office:
INTRACO CENTRE, House # 40, Block-J, Pragati Sarani, Baridhara,
Phone: +880-2-9881887, 8833854, 9857225, 9857243, 9857242
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