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IPO of MJL Bangladesh Limited

by Abu Bakar Siddique

posted in Finance : Investing

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MJL Bangladesh Limited

Nature of Business:

The company involves in the business of blending and marketing of lubricants and greases.

Subscription Open  January 02, 2011

Subscription Close  January 06, 2011

For Non-Resident Bangladeshi  January 02, 2011 to  January 15, 2011

Authorized Capital Tk. 10,000 million

Pre- IPO paid-up Capital Tk. 1403.20 million

IPO size Tk. 400 million (at face value)

Post IPO Paid-up Capital Tk. 1803.20 million

Face Value per Share Tk. 10.00Offer

Price Per Share (Cut Off Price)     Tk. 152.40 (including a premium of Tk. 142.40)

Market Lot (Share) 100

Use of IPO Proceeds:

MJLBL is continuously expanding its business by availing new opportunities focusing on downstream operations. The company intends to raise the fund to undertake a number of potential projects.

NAV per share:

The NAV per share of the Company was Tk. 10.85 for the year ended on 31 December 2009.The same was Tk. 11.73 as on 31.03.2010. EPSThe EPS of the Company was Tk. 11.48 and Tk. 2.45 for the year ended on 31 December 2008 and 2009 respectively. The same was Tk. 0.88 as on 31.03.2010.

Issue Manager              Prime Finance & Investment Limited

Registrar to the Issue Grameen Capital Management Limited

Auditors  ACNABIN

Website: www.mobilbd.com

 

RISK FACTORS & MANAGEMENT PERCEPTION ABOUT THE RISKS:

An investment in equity shares involves a high degree of risk. The company is operatingin an industry involving both external and internal risk factors having direct as well asindirect effects on the investments by the investors. All investors should carefullyconsider all of the information in this Prospectus, including the risk factors, andmanagement perception thereabout enumerated hereunder before making aninvestment decision. If any of the following risks actually occur, their business, results ofoperations and financial condition could suffer, the trading price of their equity sharescould decline, and investors may lose all or part of their investment.

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