Saif Powertec Ltd

Saif Powertec Ltd IPO Lottery Result Saif Powertec Ltd IPO Result date has announced. Saif Powertec Ltd IPO Lottery will be held on 7th august 2014. Saif Powertec Ltd IPO Lottery Result. Saif Powertec Ltd IPO Result will announce e very soon.

Saif Powertec Ltd IPO Result

Saif Powertec Ltd IPO lottery Draw will be held on 7th August 2014, Thursday. Initial Public Offering (IPO) Subscription was from 6th June 10th June 2014 for Residence Bangladeshi and 6th June to 19th June for NRB. Saif Powertec Ltd IPO Lottery Result will publish at central Kochi Kachar Mela Auditorium, Segun Bhagicha, Dhaka at 10.00 am.

Bangladesh Securities and Exchange Commission gave a go-ahead to Saif Powertec to raise TK 36 crore And already has submit TK 340 crore 96 lakh and 89 thousand from the public. It is the Average 9.50 percent application already has submitted than company’s demand.

The power generation equipment and service provider will float 1.2 crore to raise the fund in ordinary shares of TK 10 each, in addition of TK 20 as premium which will be used in its new battery project. The five-years weighted average earnings per share of Saif Powertec placed at TK 3.01 and revalued net asset value per share at TK 24.29 as of June 2013 as per latest financial statement which was ended on 30th June 2013.

Former Bangladesh Securities Exchange Commission (BSEC) was approved this IPO to raise a fund worth TK 360 million by offloading 12 million ordinary shares at an offer price of TK 30 (including a premium of TK 20) per share by fixed price method. The fund will be used to set up a new project for manufacturing battery and to meet the expenses of IPO process of Saif Powertec. Saif Powertec Ltd IPO (Initial Public Offering) over subscript 9.5 times.

Saif Powertec Ltd IPO Result Download

General Public (RB)

Non Residence Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

Distribution of Refund Warrant

Total amount of subscription (excluding NRB) is TK 3,403,911,000 (application received 5, 67,318 no’s). Total amount received from NRB is TK 57, 78,000 up to 1oth July 2014 (application received 963 no’s). But hence more application will be submitted by this time within the last date of NRB on 19th July 2014.

So, Total subscription received is TK. 34, 09,689,000 (application received 5,68,281 no’s) against Public Issue of IPO of TK. 360,000,000 (Total Lots=60,000 nos) which is over subscribed by 9.47 times. Hence, Saif Powertec IPO over subscript 9.5 times then IPO size. Saif Powertec Ltd IPO Result will be available in here.

Products Saif Powertec Ltd: Generator, Construction Equipment, Material Handling Equipment, Pet Bottle, Solar Packages, IPS/UPS/VS, Substation.

Saif Powertec Ltd Address:

72, Mohakhali C/A, (8th Floor)

Rupayan Center, Dhaka-1212, Bangladesh.

Phone: 9854423, 9856358, 9856359, 9891562, 9891592, 8857902 Fax: 880-2-9855949

At present, 15 fuel and power companies are listed on the Dhaka Stock Exchange about 15 percent of the total market capitalization.. Saif Powertec is engaged in sales and services of construction, material handling and power generation tools in Bangladesh through exclusive agreements with world renowned manufacturers such as Dossan Infracore Co (Daewoo Heavy Industries), Mitsubishi Heavy Industries, Babcock Borsig Power Service, Foster Wheeler, Karrena, Ana Navids and Carmanah Technologies. The ICB Capital and Ata Khan & Co Management will act as issue manager of the Saif Powertec Ltd IPO.

You will get Details about Saif Powertec Ltd IPO Lottery Result at here after the draw completed, so keep visiting us regularly. Download Saif Powertec Ltd IPO Result.

Saif Powertec IPO Result 2014

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