Emerald Oil Industries Limited(RB Form)
Emerald Oil Industries Limited(Affected Form)
Emerald Oil Industries Limited(NRB Form)
Emerald Oil Industries Limited, rice bran edible oil producer, has got green signal from the securities regulator to go public.
Bangladesh Securities and Exchange Commission (BSEC) has approved the company’s IPO (initial public offering) to raise Tk200m by issuing 20m ordinary shares of Tk10 each, said the regulator in a statement on Tuesday.
The proceeds will be used for repayment of term loan, IPO expenses and strengthening the capital base. The company’s earnings per share was Tk2.85 and net asset value Tk14.06, according to its financial statement as of June 30, 2013.
Alliance Financial Services would serve as the issue manager.
The company has been producing rice bran edible oil – Spondon – since 2011. Rice bran oil is the oil that is extracted from the inner husk of rice plants.
Emerald Oil Industries Ltd. Company share of the money collected will be 2 Core 20 lac .This
company subscription date started from January 6, 2014 and will be closed on January 12, 2014. For NRB applicants, it will remain open till January 21,
2014.The proceeds will be used for repayment of term loan, IPO expenses and strengthening the capital base. This company show EPS TK. 2.85 and NAV TK. 14.06. This company share of Face value is 10/= and offer price is 10/= including
a premium of nil. This company share per lot 500.
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