Lub-rref Bangladesh Limited IPO Lottery Result & Information. Lub-rref Bangladesh Limited IPO Lottery Result published on 23 February 2021 at Hotel Intercontinental Crystal Ballroom, 1 Minto Road, Dhaka time 11: 00 A.M. Lub-rref (Bangladesh) Limited is one of the leading automotive companies in Bangladesh which produces and supplies BNO brand lubricants “BNO Lubricants” across the country. Lub-rref Bangladesh is going to start its Initial Public Offer (IPO) which subscription starts on 26 January 2021. BO Account holders may apply for primary shares of the company until 01 February 2021. IPO Lottery Result updated and found here.
The lubricant manufacture i.e. Lub-rref (Bangladesh) Limited was incorporated in Bangladesh on November 18, 2001, as a public limited company bearing registration number is C-No. 4172 of 2001 under the Companies Act, 1994 with the Registrar of Joint Stock Companies and Firms (RJSC) having its register office at Chittagong. The Company commercially launched its manufacturing plant in 2006.
Lub-rref Bangladesh Limited IPO Share Trading Information
Lub-rref (Bangladesh) Limited IPO share trading perform within 10 march 2021 update. Lub-rref (Bangladesh) Limited IPO Lottery Result published on February 23, 2021, at Hotel Intercontinental Crystal Ballroom, 1 Minto Road, Dhaka time 11: 00 A.M. Before Bangladesh Securities and Exchange Commission (BSEC) has got consent to Lub-rref (Bangladesh) Limited for getting enlist in the share market of Bangladesh under the Fixed Price method. Bangladesh Securities and Exchange Commission (BSEC) has approved the prospectus for the Initial Public Offering (IPO) to raise Tk. 150 crores from the capital market through the Book Building method at their regular commission meeting held on November 18, 2020.
Lub-rref, which has more than 85 different product lines of engine oil, generator oil, marine engine oil, automotive gear oil, hydraulic oil, compressor oil, industrial gear oil, machine oil, transformer oil, grease, and so on, has performed better vis-à-vis the market leader MJL, which markets the Mobil brand of lubricants in Bangladesh, in recent years. Lub-rref (Bangladesh) Limited is one of the leading Automotive companies in Bangladesh working diligently with an aim to make Bangladesh a Global Brand in providing leading innovative solutions and moving beyond being low-cost.
Lub-rref Bangladesh Limited Financial Information
The 19-year-old Chattogram-based lubricant company is raising Tk 150 crore from the IPO through the book-building method. The lubricant manufacturer will invest Tk. 98 crore to expand its existing manufacturing plant, which would enable the company to capture 20% lube oil market share from its existing 8%, according to Lub-rref’s IPO prospectus. According to the entity’s audited financial statements for the year ending on June 30, 2019, the company’s weighted net asset value per share was Tk. 31.93 while earnings per share (EPS) was Tk. 2.08.
The company will use the IPO Fund for Expansion of Business that is Acquisition & Installation of Machinery for Tk. 98 Crore (65.33%), Bank Loan Repayment of Tk. 46.4 Crore (30.67%) & IPO related other relevant expenses of Tk. 5.95 Crore (4%) according to the IPO prospectus.
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Lub-rref Bangladesh Limited IPO Lottery Result Click Details
Lub-rref Bangladesh Limited IPO Lottery Result published on February 23, 2021. Total Applied 12.34 Times, General Applied (RB) 16.52 Times, Affected Applied 5.5 Times, NRB Applied 4.64 Times. Download Lub-rref Bangladesh Limited IPO Lottery Result from here. After the ending of application of the Initial Public Offering from January 26, 2021, to 1st February 2021. Lub-rref (Bangladesh) Limited IPO Lottery draw held on 23 February 2021. IPO lottery of Lub-rref performed on 23 February 2021 at 11:00 A.M. The IPO results also 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 Lub-rref (Bangladesh) IPO Lottery Result
- Stock Brokers/Merchant Banks Code
- General Public/Resident Bangladeshi
- Non-Residence Bangladeshi(NRB)
- Affected Small Investors
- All Eligible Investor (Pro-Data Allotment)
You can also get the result from the official website of Lub-rref (Bangladesh) Limited IPO Lottery Result i.e. www.lub-rref.com
You can also download the Lub-rref (Bangladesh) Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php
Lub-rref (Bangladesh) Limited IPO Prospectus Details
The Construction & Engineering based company Lub-rref (Bangladesh) Limited and the below prospectus has been described as the overall information of the company. Sector: Engineering
Lub-rref Bangladesh Limited
(Subscription Open: January 26, 2021, close: February 01, 2021)
Nature of Business: The principal activities of the company are to manufacture Automotive, Industrial, Marine, Power House Lubricants, Lube Base oil Refining, and Lubricating grease Blending.
Mejor Products: Manufacture Engine Oil, Gear Lubricants, Hydraulic Oil, Transformer Oil, Grease, etc.
Security Trading Code: LRBDL
BSEC’s Consent for IPO: December 24, 2020
Issue Date of Prospectus: December 28, 2020
Subscription Open: January 26, 2021
Subscription Close (Cut-off Date): February 01, 2021
Authorized Capital: BDT 2,500,000,000
IPO size in shares: 45,243,144
IPO size in BDT at face value: BDT 452,431,440
IPO size in BDT at offer price: BDT 1,500,000,000
Post IPO Paid-up Capital: BDT 1,452,431,440
Face Value per share: BDT 10.00
Cut-Off Price per share: BDT 30.00
Offer Price per share for GP: BDT 27.00
Market Lot (Shares): 200
Application Cost per Lot for GP: BDT 5,400.00
NAV per share with revaluation: BDT 31.93 as of June 30, 2019
NAV per share without revaluation: BDT 25.96 as of June 30, 2019
Earnings per Share (Basic): BDT 2.08 for the year ended on June 30, 2019
Issue Manager: NRB Equity Management Limited
Auditor: Ashraf Uddin & Co. (Chartered Accountants)
Click below to Download Prospectus of Lub-rref Bangladesh Limited
Brief Description of the Company Lub-rref Bangladesh Limited
Lub-rref (Bangladesh) Limited commercially launched its manufacturing plant in 2006 after its incorporation in Bangladesh on November 18, 2001, as a public limited company under the Companies Act, 1994. Lub-rref (Bangladesh) Limited is one of the leading automotive companies in Bangladesh with a dream to change Bangladesh into a healthy nation. Lub-rref (Bangladesh) Limited working diligently with an aim to make Bangladesh a Global Brand in produces Manufacture Engine Oil, Gear Lubricants, Hydraulic Oil, Transformer Oil, Grease, etc.
The company is raising Tk 150 crore from the IPO through the book-building method. According to the book-building method of the initial public offering, half of the company’s shares will be issued to eligible institutional investors, who have set the cut-off price at Tk 30 each through bidding and the general public can apply to buy the remaining half of the local lubricant company’s shares on a 10 percent discount from the cut-off price meaning the general investors will get IPO shares at 10 percent discount on the cut-off price that is the general public will get IPO shares at Tk 27 each per share.
The company imports base oil and preservative to mix together lube oil of various formulations to cater to the needs of automotive and industries. Lub-rref produces about 35 items considering miscellaneous uses and has a modern & fully equipped laboratory, which includes atomic absorption equipment, supports, and complements. Contract work is also undertaken for outside companies. The Company is dedicated to the health, safety, and care of the environment. The combination of lubricants generates no waste.
Do you have an Idea about The Top Most Competitors in the Market?
You should know the Topmost Lubricants Company in Bangladesh that leads the market in this sector. The Topmost Competitors in the Lubricants Market in Bangladesh are as below:
- APSCO Bangladesh.
- Basumati Group of Companies.
- BP PLC (Castrol)
- City Lub Oil Industries Ltd.
- Corona Group (Lukoil)
- Gulf Oil Bangladesh Limited.
- Imam Group (FUCHS and Conoco)
- Lub-rref (Bangladesh) Ltd.
- MJL Bangladesh Limited (Exxon Mobil)
- Navana Petroleum Limited (Caltex/Chevron)
- Padma Oil Company Limited
- Trade Services International (Total)
- United Lube Oil Limited (Petronas)
- Ranks Petroleum Limited (Royal Dutch Shell PLC)
- Rahimafrooz (Bangladesh) Ltd (BP PLC)
The Bangladeshi lubricants market is partially consolidated with the top five players accounting for almost 60% of the total consumption. The key players in the market include MJLBD, BP PLC (including Castrol), Total, Caltex, and Royal Dutch Shell, among others.
Registered & Corporate Office Click Here
Lub-rref Bangladesh Limited
Rupayan Trade Center, Space # 5th (7th Floor),
114 Kazi Nazrul Islam Avenue, Dhaka-1000
+88 02 43150035, +88 02-43151995
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