The Bangladesh Securities Exchange Commission (BSEC) approved IPO Sea Pearl Beach Resort And Spa Limited on Tuesday, 19 February 2019 at their 676 nos Board Meeting. Presided by BSEC Chairman Prof. Dr. M Khairul Hossain to raise Tk. 15 crore by offloading around 1.5 crore shares at a price of Tk. 10 each share. Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: Sea Pearl Beach Resort And Spa Limited (SPBRSL)
Incorporation: The company was incorporated on 26 May 2009 as a private limited Company and was subsequently converted into a public limited company on 14 November 2017.
Commercial Operation: SPBRSL was started commercial operation on 17 September 2015
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. 1,000,000,000 divided into 100,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 1,150,000,000 divided into 115,000,000 ordinary shares of Tk. 10.00 each
Management Body: 1) Mrs. Lucy Akhtary Maha, Chairman
2) Mr. Md. Aminul Haque, Managing Director
3) Mr. Md. Ekramul Hoque, Director
4) Shamim Enterprise (Pvt.) Limited, Director
5) Mr. Md. Nazrul Islam Khan (Nominee of Investment Corporation of Bangladesh), Director
6) Mr. Md. Rafique Ullah (Nominee of Investment Corporation of Bangladesh), Director
7) Mr. Md. Rafiqul Islam, Independent Director
8) Mr. Md. Golam Rabbani, Independent Director
ABOUT THE COMPANY:
The principal activities of the Company throughout the period were carrying out Resort & Hotel business. The business activities connected with the Resort & Hotel business are carried out through a Franchise Agreement between Sea Pearl Beach Resort & Spa Limited (Franchisee”) and GT Investments BV (the “Franchisor)”, a limited liability company organized under the laws of the Netherlands, having its registered office at Arnhemseweg 2, 387 CH Amersfoort, the Netherlands dated 01 June 2014. Franchisor is knowledgeable and experienced in managing and promoting five-star hotels and resorts and has (and/or its Affiliates have) performed such services throughout the world.
NAME OF SUBSIDIARIES:
4 No. K.B Ismail Road, Kachari Ghat, Mymensingh-2200
UTC Tower (Level-14), 8 Panthapath, Dhaka-1215.
Sea Pearl Beach Resort and Spa Limited, Inani Beach, Cox’s Bazar.
Email – [email protected]
Web Address: www.royaltulipcoxsbazar.com, www.seapearlbd.com
SEA PEARL BEACH RESORT AND SPA LIMITED EPS & NAV:
As per the financial statement for the year ended on June 30, 2018, the company’s net asset value (NAV) stood at Tk 10.48 per share and as per last three years weighted average EPS Tk. 0.41.
Banco Finance and Investment Ltd. and Prime Bank Investment Ltd. are jointly working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 19 February 2019. The companies will raise a fund worth Tk. 15.00 million for the purpose of Interior, finishing, furniture & fixture, construction of Banquet Hall, acquisition of land & IPO expenses.
NOS. OF SHARE OFFER: 15,000,000
TOTAL VALUE OF IPO: Tk. 150,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Tk. Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=12,800 lot and 8% for Affected Investors=3,200 lot, 40% for Eligible Investor (EI) =16,000 lot, 10% for NRB = 4,000 lot and 10% for Mutual Fund =4,000 lot.
** 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 will start from 22 April’19 and continue to 6May’19.
DOWNLOAD IPO FORM HERE:
Sea Pearl Beach Resort and Spa Ltd.: PROSPECTUS
DOWNLOAD SEA PEARL BEACH RESORT AND SPA LIMITED LOTTERY RESULT HERE:
(Yet to be published)
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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