DOWNLOAD RUNNER AUTOMOBILES LTD. LOTTERY RESULT HERE
The Bangladesh Securities Exchange Commission (BSEC) approved IPO Runner Automobiles Limited on Tuesday, 06 November 2018 at their 663 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 100 crore by offloading around 1.39 crore shares at a price of Tk. 67.5 to Tk. 75 each share.
The commission, under new public issue rules, decided to offer RAL’s IPO shares to general and non-resident Bangladeshi investors at 10 percent discount of cut-off price which was set by the bidding of the institutional investors.
As per the bidding of EIs, the cut-off price of the company’s shares stands at Tk 75 which will be allotted to general investors along with NRB investors at Tk 67 each. Under the amended public issue rules, of the 1,39,30,348 crore IPO shares of RAL, 83,33,333 will be allocated to EIs, and 55,97,015 shares will be offered to the General and NRB investors.
Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Runner Automobiles Limited (RAL)
Incorporation: The company was incorporated in 4 July 2000 as a private limited Company and was subsequently converted into a public limited company on 26 January 2012.
Commercial Operation: RAL was started commercial operation on 4 July 2000.
Authorized Capital: Tk. 2,000,000,000 divided into 200,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 942,029,210 divided into 9,42,02,921 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 1,081,332,690 divided into 10,81,33,269 ordinary shares of Tk. 10.00 each
Management Body: 1) Mr. Hafizur Rahman Khan, Chairman
2) Mr. Md. Mozammel Hossain, Vice Chairman
3) Mr. Mukesh Sharma, Managing Director &CEO
4) Mr. Mohammad Ali Deen, Director
5) Mr. Md. Jahurul Alam, Director
6) Mr. Taslim Uddin Ahmed, Director
7) Mr. Khalid Shahidul Quadir,Director, Nominated by Brummer Frontier PE II (Mauritius) Limited
8) Mr. Muallem A Choudhury FCA, Director,Nominated by Brummer Frontier PE II (Mauritius) Limited
9) Mr. Faruq Ahmad Siddiqi, Independent Director
10) Mr. Johannes (Phil) N.H. van Haarlem, Independent Director
NAME OF SUBSIDIARIES:
Runner Automobiles Ltd. have three subsidiary company: a) Runner Motors Limited b) Freedom Motors and c) Runner Electronics Limited.
Registered and Corporate Office:
Tel: 8870160, Fax: 8870164, 8870174
Web Address: www.runnerbd.com
RUNNER AUTOMOBILES LTD. EPS & NAV:
As per the financial statement for the year ended on June 30, 2017, the company’s net asset value (NAV) stood at Tk 55.70 per share (with revaluation) and Tk. 41.94 per share (without revaluation), whereas the weighted average of EPS was Tk 3.31.
IDLC Investment Ltd. working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 6 November 2018. The companies will raise a fund worth Tk. 100.00 million for the purpose of research and development, capital machinery purchase, bank loan paid along with bearing the IPO cost.
NOS. OF SHARE OFFER For EI: 83,33,333
NOS. OF SHARE OFFER For INDIVIDUAL INVESTORS: 55,97,015
Total VALUE OF IPO: Tk. 999,999,980/=
INDIVIDUAL INVESTORS IPO VALUE: Tk. 375,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. 57/=
MARKET LOT: 100
TOTAL PRICE: TK. 6,700.-
** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.
The Company’s Subscription date will start from 31 January’19 to 10 February’19
DOWNLOAD IPO FORM HERE:
Runner Automobiles Ltd.: PROSPECTUS
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