Sea Pearl Beach Resort IPO Result 2019 will be published on 23rd May 2019. The Sea Pearl IPO lottery draw will be held at 10:30am at The AGB Colony Community Centre in Motijheel area of Dhaka. Sea Pearl Beach Resort & Spa Ltd Initial Public Offering (IPO) lottery draw to allocate 15 million ordinary shares among the successful applicants, officials said.
The approval for the withdrawal of funds from the stock exchange will begin from April 23 in the initial public offering (IPO) of the Royal Tulip franchisee Sea Pearl Beach Resort and Spa located in Cox’s Bazar. The Bangladesh Securities and Exchange Commission approved the IPO proposal of the company on February 19 this year.
Sea Pearl Beach Resort IPO Result
Bangladesh is a country of natural beauty, hilly mountains, longest beach, favorable climate, seven seasons which are the key factors to develop eco-tourism, sustainable tourism and rural tourism. Bangladesh has many archeological and historical sites too. And the hospitality of people and local culture, life style is a unique selling point. Tourism is a growing industry in Bangladesh. It generated 1, 25,000 international tourists in 2014 and international tourism generated US$ 1.5 trillion in export earnings and international tourist arrivals grew by 4.3% in 2014 to 1.133 billion. Sea Pearl Beach Resort IPO Result will be available here.
Sea Pearl Beach Resort IPO subscription
The application for the company’s IPO will started on April 23, till 6th May 2019. The 676th Commission Meeting of the Bangladesh Securities and Exchange Commission (BSEC) has approved the company’s IPO.
- Opening date of subscription: April 22, 2019
- Closing date of subscription: May 06, 2019
Amount, type and offering price of the securities on a per unit and aggregate basis of securities being issued: Public issue of 15,000,000 (One Crore Fifty Lac) ordinary shares of Tk.10.00 each at par totaling Tk.150,000,000.00 (Fifteen crore).
Sea Pearl Beach IPO Result
The Sea Pearl Beach IPO results will be published on the websites of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and the company after the lottery draw. The Sea Pearl Beach Resort raised a fund worth Tk 150 million from the capital market by floating 15 million ordinary shares at a face value of Tk 10 each using the fixed price method.
Sea Pearl Beach Resort IPO Info:
- The company’s pre-IPO paid-up capital is Tk 1.0 billion and authorised capital is Tk 2.0 billion.
- The company will use the IPO fund for interior, finishing, furniture & fixture (157 rooms) 71.22 per cent, acquisition of land 17.77 per cent, and bearing the IPO expenses 11.01 per cent.
- According to the financial statements ended on June 30, 2018, the company’s net asset value (NAV) per share stood at Tk 10.48 while the weighted average (three years) earnings per share (EPS) was Tk 0.41.
- Issue manager: Banco Finance and Investment Ltd and Prime Bank Investment Ltd are jointly working as the issue manager.
- Sea Pearl Beach Resort IPO Result will be published on 23rd May 2019.
About Sea Pearl Beach Resort & SPA Ltd
Sea Pearl Beach Resort & Spa Ltd is the First Five Star Eco-friendly Resort in Bangladesh. The Sea Pearl Beach (the owner of “Royal Tulip Sea Pearl Beach Resort & Spa in Cox’s Bazar”) is a luxury hotel in Bangladesh which started commercial operation on 17 September 2015.
Sea Pearl Beach Resort & Spa Ltd.(Owner of Royal Tulip Cox’s Bazar) is located at Inani beach, Cox’s Bazar with lush green hills rise from the east and endless sea stretching on the west, the resort offers panoramic visuals of Bay of Bengal.
The principal services of Sea Pearl Beach Resort and Spa Limited are: Rooms and Suites, Food & Beverage. After completing all procedures, it will be the 5th listed company in the ‘Travel & Leisure’ sector in the Dhaka Stock Exchange (DSE).
Sea Pearl Beach Resort Contact Info
Jaliapalong, Inani, Ukhia Coxs Bazar
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