IPO Global Heavy Chemicals result publish on 10 January, 2013(possibility)

IPO Global Heavy Chemicals result publish on 10 January, 2013(possibility)

The IPO (initial public offering) subscription of Global Heavy Chemicals, a sister concern of Opsonin Group, will start from December 9 and end on December 13 this year for resident Bangladeshis, officials said.

A company statement said, for non-resident Bangladeshis (NRBs) the subscription will remain open from December 9-22.

The Securities and Exchange Commission (SEC) approved the IPO proposal of Global Heavy Chemicals on September 26 this year.

As per the SEC proposal, the company will offload 12 million ordinary shares at an offer price of Tk 20, including a premium of Tk 10 for each share of Tk 10.

According to the audited financial statement of the company for the year that ended on December 31, 2011, the company's earning per share is Tk 3.71 and net asset value (NAV) per share is Tk 54.43.

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