Oimex Electrode Limited Ipo Result 2017 Published by www.oimexelectrodes.com. Oimex Electrode ltd Ipo Result will be published on 5th October 2017 at Dhaka Engineering Institute at 10.00 am. The Bangladesh Securities and Exchange Commission on May 9 approved the Oimex Electrode’s initial public offering proposal to raise the said amount from the capital market through IPO.
Oimex Electrode Limited Ipo Result 2017
Initial public offering subscription of Oimex Electrode ltd is set to begin on September 5, which will raise Tk 150 million from the public under the fixed price method. The IPO subscription will remain opened till September 13 for resident and non-resident Bangladeshis (NRB).
This company will float 15 million ordinary shares at an issue price of Tk 10 each and A market lot is 500 shares and an investor needs Tk 5,000 to apply for per lot of Oimex Electrode IPO.
The required amount (per lot) of foreign currency for NRBs and foreign applicants for IPO of the company are US$ 61.92 or GBP 47.57 or EUR 52.75, according to Dhaka Stock Exchange (DSE).
Oimex Electrode will use the IPO fund for procurement of capital machinery, equipment and raw materials and to meet up IPO expenses. As per the entity’s audited financial statement for the year ended on June 30, 2016, Oimex Electrode’s net asset value (NAV) per share and weighted average earnings per share (EPS) were Tk 14.87 and Tk 2.03 respectively. MTB Capital is working as the issue manager of the Oimex Electrode Limited’s IPO.
Oimex Electrode Ltd Ipo Result will be published on 5th October 2017.
About Oimex Electrode Limited
Established in 2005, Oimex Electrode is the fastest growing electrode, nails and galvanized wire manufacturing company in Bangladesh, and subsequently was converted into a public limited company in 2014.
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The company is engaged in manufacturing and marketing of Welding Electrodes, Wire (G. I. Wire) and Tarkata (Nail). The core markets for the product of the company are engineering workshop, developer companies and other local customers, according to the company’s website.
Oimex Electrode Limited ADDRESS:
Oimex Electrode Ltd. factory is located at Pipulbaria, Daulatpur, Kushtia, Bangladesh
Head/Registered Office: 225/1 (1st Floor) Elephant Road, Dhaka-1205. Phone: +880-2- 9665272, Fax: +880-2-9661252 mail: email@example.com. Web Address: www.oimexelectrode.com
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