Crystal Insurance Company Limited IPO Lottery Result 2020

Crystal Insurance Company Limited IPO Information & Lottery Result

Crystal Insurance Company Limited IPO Lottery Result 2020 & Information update and found here. Crystal Insurance Company Limited Subscription Open on November 10, 2020, Close on November 16, 2020. Crystal Insurance Company Limited IPO Lottery Result that will be published on due time in 2020, & found here.

Crystal Insurance Company Limited IPO Subscription Lottery Result & Information Latest

Crystal Insurance Company Limited is one of the leading general insurance (Non-Life) companies in the private sector of Bangladesh. The company carries out a wide range of General Insurance businesses in Bangladesh and knowledge in the field with a sound and secure financial position. CICL underwrites risks in the fire, marine, motor, and miscellaneous business areas.

IPO of Crystal Insurance Company Limited

Due to the number of businesses in Bangladesh is growing day by day and business risk such as accident, hazard, peril, fire, stealing, etc. shall also increase continuously. The issuer is doing business in such an industry where demand for insurance coverage to decrease business threats is very essential. Presently the financial system of Bangladesh has emerged and the requirement for insurance coverage has been significantly increased. In the last five years’ business performance of the issuer has been discovered that the current business environment is positive for the Company.

Bangladesh Securities and Exchange Commission (BSEC) has approved the prospectus for the Initial Public Offering (IPO) of Crystal Insurance Company Limited to raise Tk. 160 million or 16 crores from the capital market through the fixed price method. Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Crystal Insurance Company Limited at their 741st regular commission meeting. BSEC approved the IPO of the company to raise the capital of Tk 16 crore from the market through the Fixed Price Method.

Crystal Insurance Company Limited Financial Information

The net asset value (NAV) per share was Tk. 24.42 and the earnings per share (EPS) was Tk.  2.92 (Basic) according to the financial statement of the company for the year ended on December 31, 2019.

Crystal Insurance FI

Crystal Insurance FI

The company’s issue manager’s name is Sonar Bangla Capital Management Limited. The company’s IPO fund will be used for Investment in FDR & Treasury Bond, Investment in Capital Market & IPO related to other relevant expenses according to the IPO prospectus.

Confirmation If Your IPO Application is Deposited or Not? Check the Consolidated Application List Click Here

You can check your IPO Application (Crystal Insurance Company Limited which Subscription Open on November 10, 2020, Close on November 16, 2020.) is CORRECTLY deposited or not. Check by the link below:

CHECK CONSOLIDATED APPLICATION LIST

Crystal Insurance IPO Lottery Result 2020 Found Here

Crystal Insurance IPO online Lottery Result 2020 will be published in due time in November 2020 & found here. Download Crystal Insurance Company Limited IPO Lottery Result from here. After ending of application of Initial Public Offer (IPO) from November 10, 2020, to 16 November 2020. Crystal Insurance IPO Online Lottery draw will be held in November 2020, the date will be fixed later on. Place: Dhaka by the live virtual platform. The IPO results also have published on the websites of the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), and the company’s website after the lottery programmed. See the Result below.

Click the following Link to get Crystal Insurance Company Limited IPO Lottery Result

  1. Stock Broker/Merchant Bank Code
  2. General Public/Resident Bangladeshi
  3. Non-Residence Bangladeshi(NRB)
  4. Affected Small Investors
  5. All Eligible Investor (Pro-Data Allotment)

You can also get the result from the official website of Crystal Insurance Company Limited IPO Lottery Result i.e. www.ciclbd.com

You can also download Crystal Insurance Company Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php

Prospectus of Crystal Insurance Company Limited

The below prospectus has been described as the overall information of the company. Sector: Insurance.

Prospectus of Crystal Insurance

CRYSTAL INSURANCE COMPANY LIMITED
(Subscription Open: November 10, 2020, Close: November 16, 2020)

Authorized Capital Tk. 1,000,000,000

Pre-IPO paid-up Capital Tk. 240,000,000

IPO size in shares 16,000,000

IPO size in Tk. at face value Tk. 160,000,000

IPO size in Tk. at offer price Tk. 160,000,000

Post-IPO Paid-up Capital Tk. 400,000,000

Face Value per share Tk. 10.00

Offer Price per share Tk. 10.00

Market Lot (Shares) 500

Total Value Taka = 5,000

Foreign Currency required for NRB

and Foreign Applicants (per lot) USD 59.39 or GBP 45.69 or EUR 50.52

NAV per share Tk. 24.42 as of December 31, 2019

Earnings per Share (EPS) Tk. 2.92 (Basic) for the period ended on December 31, 2019

Issue Manager: Sonar Bangla Capital Management Limited acted on behalf of the company’s issue manager.

Auditor: Mahfel Huq& Co. (Chartered Accountants)

Website: www.ciclbd.com

Click below to Download Prospectus of Crystal Insurance Company Limited

About the Company Crystal Insurance Company Ltd.

Crystal Insurance Company Limited (CICL) was incorporated in Bangladesh as a public limited company on November 11, 1999, under the Companies Act, 1994, and licensed under the Insurance Act, 1938 in order to run all types of General Insurance Business other than Life Insurance Business. It obtained a certificate of commencement of business on November 11, 1999. It got registration from Controller of Insurance on June 12, 2000. Presently the Company has been operating its business through 31 branches including the Local Office. The branches are located in different strategically important areas of the country.

Principal Products and Services

Crystal Insurance Company Limited is carrying out the following types of insurance/re-insurance business:

  1. a) Fire Accidental Damage on Property Insurance
  2. b) Marine Cargo Insurance
  3. c) Motor Insurance
  4. d) Miscellaneous Insurance
  5. e) Liability Insurance
  6. f) Engineering Insurance

Registered & Corporate Office Address

Registered & Corporate Office:

Head Office

Crystal Insurance Company Limited

DR Tower (14th floor),

65/2/2, Box Culvert Road,

Purana Paltan, Dhaka-1000

Tel. No. 9571715 (Hunting)

Fax: 9567205

E-mail: info@ciclbd.com

Principal Office

LalBhaban (10th Floor), 18, Rajuk Avenue, Dhaka-1000.

Mob. 01713–032889, 01973-032889 Tel. 47119270, 9564748.

E-mail:dmrgolup@yahoo.com

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IPO Latest Update Information 2020

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