Fortune Shoes Ltd IPO Result published. Fortune Shoes Ltd IPO Application & Result info is here in detail. BSEC granted Fortune Shoes Ltd IPO on 29 June 2016 on their 579 nos Board Meeting. BSEC Meeting was presided by Bangladesh Securities Exchange Commission Chairman Prof. Dr. M Khairul Hossain. Fortune Shoes Limited is permitted to issue 2.20 crore ordinary shares worth Tk 10 each.
Fortune Shoes Ltd IPO Subscription is to open from 16 Aug 2016. Subscription will be closed on 28 Aug 2016. For NRB, Subscription period is same from 16 Aug 2016 to 28 Aug 2016.
Fortune Shoes Ltd IPO:
Bangladesh Securities Exchange Commission approved FSL IPO on 30 June 2016. The Company’s will raise a fund worth Tk. 220.00 million. The fund will be used for the purpose of Construction for Office Building, Machinery Purchase, and IPO expenses meet from IPO profits.
Fortune Shoes Ltd IPO LOTTERY RESULT DOWNLOAD:
Fortune Shoes Ltd IPO Result
NOS. OF SHARE OFFER: 2, 20, 00,000
VALUE OF IPO: Tk. 220,000,000/=
ISSUE MANAGER: Imperial Capital Ltd and Prime Bank Investment Ltd.
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 40% for Eligible Investor (EI) = 17,600 lot, 40% for General Public=17,600 lot, 10% for NRB =4,400 lot & 10% for Mutual Fund = 4,400 lot.
Fortune Shoes Ltd IPO Subscription Date:
The subscription date and Final Prospectus of FSL is coming soon.
FORTUNE SHOES LTD IPO FORM DOWNLOAD
FORTUNE SHOES LTD DRAFT PROSPECTUS
Fortune Shoes Ltd also called FSL was included as a Private Limited Company in Bangladesh on March 14, 2010. It got the permission with the issuance of Certificate of incorporation bearing no CH-7590/10 of 2010 by the Registrar of Joint Stock Companies & Firms, Chittagong, Bangladesh. FSL was transformed into public Limited Company in 2015. The Company began its commercial operation on September 07, 2011.
FSL has the experience of development and manufacturing all kinds of Leather shoes, Sports shoes, & other footwear for kids, man and women.
Business Process of FSL:
Fortune Shoes Limited is a 100% export oriented company occupied in shoes manufacturers in Bangladesh. The Company’s principal activity is to carry on the business of manufacturing and exporting all kind of leather shoes, footwear etc.
Fortune Shoes Limited has been using stylish machineries and modern technology to manufacture high quality shoes. Latest machineries and technology of FSL helps the companies to be competitive over competitors.
Major competitors of FSL are Bata Shoe Limited, Apex Footwear Limited, Bengal Shoe Industries Limited, Longla Leatherex limited, Legacy Footwear Limited, Lalmai Sportswear Industries Limited, Zeil Wears Limited & Earth Footwear Limited.
FSL is an export oriented company. FSL products are exported to Taiwan, Sweden, Switzerland, Canada, Netherlands, Spain, and Germany.
There is no supplementary company of Fortune Shoes Limited.
Fortune Shoes Ltd stands weight average Earning Per Shares is Tk. 1.22. FSL Net Assets Value per share is Tk. 13.75. This info is as per company’s nine month ended financial statement of 29 February, 2016.
Imperial Capital Ltd. and Prime Bank Investment Ltd. jointly working as the manager to the issue.
The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.
FSL manufacturing unit is situated at Kawnia, Barisal.
Head Office: Moon Island, Suite # C-03, Plot # 34 & 36, Road # 08, Block # E, Niketon, Gulshan-01, Dhaka-1212., Bangladesh
Phone: +880-02-9851132, Fax: +880-02-9851154
Web Address: fortuneshoes.com, fortuneshoesltd.com
Factory Office: Plot No. 66-68, BSCIC Industrial Estate, Kawnia, Barisal, Bangladesh.