Fortune Shoes Limited IPO Information view details here. Fortune Shoes Limited IPO Lottery Result has been published Today on Wednesday, 21 September 2016. Place: Engineering Institute, Ramna, Dhaka. See the Result below. Total Applied 42.19 Times, General Applied 72, Affected Applied 33, NRB Applied 14, MF Applied 56 and Intuition Applied 20.5 Times. Subscription Open: August 16, 2016, Close: August 28, 2016.
Before BSEC has approved the initial public offering (IPO) of Fortune Shoes Limited on his 579th meeting. Fortune Shoes Limited IPO Lottery Result has been published Today on Wednesday, 21 September 2016. Place: Engineering Institute, Ramna, Dhaka. See the Result below link
Fortune Shoes Limited IPO Information At A Glance
Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Fortune Shoes Limited on 29 June 2016 on his 579th meeting. The company has expressed its intention to collect Taka 22 crore from the capital market offering 2 Crore 20 Lac ordinary shares to issue share prices at Taka 10 as face value. The company’s earning per shares (EPS) Taka 1.03 and net asset value (NAV) Taka 13.75 according to the financial statement of 9th Month ending on 29 February 2016. Imperial Capital Limited and Prime Bank Investment Limited have acted on behalf of for the company’s issue managers. The company will spend the capital in setting up Building Construction, buying machinery & equipment and IPO related other relevant expenses.
Fortune Shoes Limited as per Prospectus
FORTUNE SHOES LIMITED IPO INFORMATION
(Subscription Open: August 16, 2016, Close: August 28, 2016)
Share Value: Taka 10/Per Share
Lot Distribution: 500
Total Value Taka = 5,000
Institute (40%) = 17,600 Lot
Mutual Fund (MF) (10%) = 4,400 Lot
General Public (32%) = 14,080 Lot
Affected Investors (8%) = 3,520 Lot
Non-Residential Bangladesh (NRB) (10%) = 4,400 Lot
Total Lot 100% = 44,000 Lot
Total Share = 2 Core 20 Lac
Earnings per Share (EPS): 1.03
Net Asset Value (NAV): 13.75
according to the financial statement of 9th Month ending on 29 February 2016.
Issue Manager: Imperial Capital Limited and Prime Bank Investment Limited
Fortune Shoes Limited IPO Information an Overall Features
Fortune Shoes Limited (FSL) was incorporated in Bangladesh as a Private Limited Company with the issuance of Certificate of incorporation bearing Registration no. CH-7590/10 of 2010 dated on March 14, 2010, by the Registrar of Joint Stock Companies & Firms, Chittagong, Bangladesh. The Company Converted into public Limited Company in 2015.
The Company started its commercial operation on 07 September 2011.
The principal activities of the company are to carry on the business of manufacturing and exporting all kinds of leather shoes, footwear etc.
The factory premise of FSL is located at Plot # 66, 67, 68, BSCIC Industrial Estate, Kawnia, Barisal, Bangladesh.
Exporting Countries of Fortune Shoes
Fortune Shoes Limited exports footwear products in many countries in the world. It exports leather shoes, footwear to Germany, Netherlands, Spain, France, Taiwan, Sweden, Switzerland, Canada, Germany and the UK and China.
Fortune Shoes Limited Competitors in the Market
There are a numerous number of companies are involved in Shoes manufacturing in Bangladesh. The major competitors are as:
- Apex Footwear Limited
- Bata Shoe Limited
- Legacy Footwear Limited
- Bengal Shoe Industries Limited
- Lalmai Sportswear Industries Limited
- Longla Leather Limited
- Earth Footwear Limited
- Zeal Wears Limited
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