Oimex Electrode Limited: Company Information & IPO Result

LOTTERY RESULT DOWNLOAD HERE: Draw held on 5 October 2017

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Oimex Electrode Limited” on Tuesday, 9th May 2017 at their 604 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 1.50 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:

COMPANY NAME:

Oimex Electrode Limited (OEL) is the fastest growing electrode, nails and galvanized wire manufacturing company in Bangladesh, was established on 18 September 2005 as a private limited company under the companies Act 1994 and subsequently converted into public limited company on 25 August 2014.

NATURE OF BUSINESS:

OEL is driven by a philosophy to produce with commitment and market effectively, it is one of the leading suppliers of quality steel products like electrodes, nails and galvanized wires in all major markets including engineering workshop, construction, and shipbuilding. Oimex Electrode Limited is present countrywide with a strong sales network reinforced with fast logistical support and state-of-arts manufacturing and R&D facilities.

MISSION & VALUES

Mission: To combine bold strategic marketing with quality products and services at competitive prices to provide the best value for consumers.
Values: OEL products affordable and accessible to our respected customers without sacrificing quality and build a long-term relationship for sustainable growth.

ADDRESS:

Oimex Electrode Ltd. factory is located at Pipulbaria, Daulatpur, Kushtia, Bangladesh

Head/Registered Office: 225/1 (1st Floor) Elephant Road, Dhaka-1205
Phone: +880-2- 9665272
Fax: +880-2-9661252
Email: contact@oimexelectrodes.com
Web Address: www.oimexelectrode.com

FIVE YEAR MAJOR FINANCIAL INFORMATION AS FOLLOWS:

Particulars	30-06-16 Taka	30-06-15 Taka	30-06-14 Taka	30-06-13 Taka	30-06-12 Taka
Revenue	410,164,512	386,709,515	126,540,200	98,450,400	95,161,392
Gross Profit	121,616,363	114,828,858	33,580,254	26,174,171	15,739,695
Net Profit before tax	96,294,637	92,300,266	18,267,848	12,968,932	3,907,080
Net Profit after tax	64,206,768	58,918,796	11,874,101	8,105,582	2,441,925
Total Assets	666,207,063	496,763,012	232,121,367	213,416,849	88,708,838
Share Capital	308,920,000	82,000,000	1,000,000	400,000	400,000
Retained Earnings	150,355,992	86,149,224	27,230,428	15,356,327	7,250,745
No. of Shares	30,892,000	8,200,000	100,000	40,000	40,000
Face Value	10.00	10.00	10.00	10.00	10.00
NAV per Shares	14.87	20.51	282.30	393.91	191.26
Earnings per Share (Basic)	2.19	8.90	118.74	202.64	61.05
Fully diluted EPS with existing no. of Shares	2.08	1.91	0.38	0.26	0.08

OIMEX ELECTRODE LIMITED EPS & NAV:

As per company’s year ended financial statement on 30 June 2016, Oimex Electrode Limited stands Net Assets Value (NAV without re-valuation) per shares Tk. 14.87 and last five year weighted average Earning Per Shares (EPS) at Tk. 2.03.

ISSUE MANAGER:

MTB Capital Limited working as the manager to the issue.

WHY PUBLIC OFFERING:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 9 May 2017. The companies will raise a fund worth Tk. 150.00 million for the purpose of acquisition of Capital Machineries and Equipment, Raw Materials and IPO expenses meet from IPO proceeds.

NOS. OF SHARE OFFER: 15,000,000
VALUE OF IPO: Tk. 150,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT:500
MINIMUM LOT VALUE: Tk.5000.-
SHARE ALLOTMENT: 40% for General Public and Affected Investors=12,000 lot, 40% for Eligible Investor (EI) =12,000 lot, 10% for NRB = 3,000 lot and 10% for Mutual Fund = 3,000 lot.

** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.

SUBSCRIPTION DATE:

The Company’s subscription date 5 September’17 to 13 September’17.

IPO FORM DOWNLOAD HERE:

Res. / EI. / NRB Application Form

Successfully Application List: Dhaka Stock Exchange Ltd
Successfully Application List: Chittagong Stock Exchange Ltd

OIMEX ELECTRODE LTD.: PROSPECTUS

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