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Oimex Electrode Limited: Company Information & IPO Result

LOTTERY RESULT DOWNLOAD HERE: Draw held on 5 October 2017

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non Residence Bangladeshi (NRB)

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.

Oimex Electrode Limited Company Information & IPO Result

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.

Oimex Electrode Ltd

 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.

Oimex Electrode Ltd.

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”.

Oimex Electrode Ltd.

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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  1. When loading IPO result & publish to online?

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