Taufika Foods Trading of Shares commences on 10 February 2021. Toufika Foods Lovello Ice Cream IPO Lottery Result & Information details. Taufika Foods Lovello Ice Cream IPO Lottery Result published on 26 January 2021. Taufika Foods and Agro Industries Limited is a concern of Toufika Group that markets Lovello branded ice-cream. The Company already finishes its Initial Public Offer (IPO) subscription from 03 January to 07 January 2021 this month. BO Account holders applied for primary shares of the company until 07 January 2021. IPO Lottery Result will be updated and found here timely.
The Company is an Ice-cream manufacturer and supplier in Bangladesh. LOVELLO is a brand name Ice Cream of Taufika Foods and Agro Industries Limited that has been incorporated as a Private Limited Company by shares under the Companies Act, 1994 on 7th August 2011.
Taufika Foods IPO Share Trading Information Details
Taufika Foods Trading of Shares commences on 10 February 2021. Lovello Ice Cream that is Taufika Foods and Agro Industries Limited got consent from BSEC to get enlisted 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. 30 crores from the capital market through the Fixed Pricing method. Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Taufika Foods and Agro Industries Limited at their regular commission meeting held on October 15, 2020.
Sister Concern of Taufika Group
The Sister Concern of Taufika Group are as follows:
Taufika Group business enterprises are as follows:
1. Taufika Engineering Ltd (TEL)
TEL involved in engineering business including design and building of steel or RCC building, Project Management, turnkey general civil construction, etc.
2. Taufika Energy Co. Ltd
Taufika Energy Co. Ltd involved in power business and marketing of cellular mobile phone under the brand name “OCTENN”, also supply and installation of medical equipment to the Government of Bangladesh.
3. Taufika Foods & Agro Industries Ltd (TFAIL)
TFAIL under establishing a brand new ice cream factory for production & marketing of ice cream under the brand name “LOVELLO”.
4. Deltamerge Sdn Bhd
Deltamerge Sdn Bhd involved in trading business in various items.
More Than 2000 employees are working In the Group with an annual turnover of approximate BDT 500 Crore.
Taufika Foods and Agro Industries Limited Lovello Financial Information
The issue manager name of the company is Banco Finance and Investments Limited and Sandhani Life Finance Limited. Use of IPO Proceeds: The company will use the money for business expansion, equipment purchase, and repayment of bank loans.
For the Company’s IPO fund, the company will use Taka for Acquisition of Plant & Machinery, Freezer Purchase, Vehicles Purchase, Investment in Depot to increase, Bank Loan Repayment & IPO related 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 (Taufika Foods and Agro Industries Limited which Subscription Open January 03, 2021, and Close date January 07, 2021) is CORRECTLY deposited or not. Check by the link below:
Lovello Taufika Foods IPO Lottery Result Click Here
Taufika Foods and Agro Industries Limited Lovello IPO Lottery Result published on 26 January 2021. Total Applied 25.53 Times, General Applied (RB) 43.31 Times, Affected Applied 15.46 Times, NRB Applied 6.64 Times. Download LOVELLO ICE CREAM IPO Lottery Result from here. After the ending of application of the Initial Public Offer (IPO) from January 03, 2021, to 07 January 2021, Taufika Foods and Agro Industries Limited IPO Online Lottery draw held on January 26, 2021. Place: IPO lottery of Toufika Foods that is Lovello Ice Cream was performed on January 26, 2021, at 11:00 A.M. at The Lakeshore Hotels, La Vita Banquet Hall, House#46, Road # 41, Gulshan, Dhaka-1212. The IPO results also will be 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 Lovello Ice Cream IPO Lottery Result
- Stock Broker/Merchant Bank 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 Taufika Foods and Agro Industries Limited Lovello IPO Lottery Result i.e. www.lovello.club
You can also download the Taufika Foods and Agro Industries Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php
Taufika Foods and Agro Industries Limited Lovello as Per Prospectus
The below prospectus has been described as the overall information of the company. Sector: Food
Taufika Foods and Agro Industries Limited
(Subscription Open: January 03, 2021, Close: January 07, 2021)
Security Trading Code: LOVELLO
BSEC’s Consent for IPO: November 30, 2020
Issue Date of Prospectus: December 02, 2020
Subscription Open: January 03, 2021
Subscription Close (Cut-off Date): January 07, 2021
Authorized Capital: BDT 1,000,000,000
IPO size in shares: 30,000,000
IPO size in BDT at face value: BDT 300,000,000
IPO size in BDT at offer price: BDT 300,000,000
Post IPO Paid-up Capital: BDT 850,000,000
Face Value per share: BDT 10.00
Offer Price per share: BDT 10.00
Market Lot (Shares): 500
NAV per share: BDT 12.17 as of September 30, 2019
Earnings per Share (Basic): BDT 1.20 for the quarter ended on September 30, 2019
Issue Manager: Banco Finance and Investments Limited and Sandhani Life Finance Limited
Auditor: Islam Quazi Shafique & Co., (Chartered Accountants)
Click below to Download Prospectus of Taufika Foods and Agro Industries Limited
Taufika Foods and Agro Industries Lovello Lot Distribution Click Here
Click here to see the Lot Distribution of Taufika Foods and Agro Industries Ltd.
General (32%)= Lot
Affected (08%)= Lot
NRB (10%)= Lot
Total Lot (100%)
Company Profile (Taufika Foods and Agro Industries Ltd)
TFAIL-Taufika Foods and Agro Industries Ltd. (TFAIL) has been incorporated as a Private Company Limited by shares under the Companies Act, 1994 on 7th August 2011 and subsequently Converted into a Public Limited Company on July 08, 2019. The Company commenced its commercial operations on January 02, 2016. The company imagines setting up an Ice Cream manufacturing plant at an initial production capacity of 50,000 liters per day with an option to expand further. The brand name of the ice cream of TFAIL is LOVELLO. The project site is situated at Valuka, Mymensingh, an important industrial zone of the country.
Lovello Ice Cream Product List:
1. Stick- Normal
2. Stick- Premium
5. ½ Liter Container
6. 1 Liter Normal
7. 1 Liter Premium
8. 2 Liter Container
9. 5 Liter Container
Information for Ice cream Project:
LOVELLO ice cream project has been set up by a group of highly educated, technically skilled, and financially sound Bangladeshi sponsors, having an excellent track record of business and experience. LOVELLO was commercially launched on February 14, 2016, which is declared and celebrated as LOVELLO day every year by the company. LOVELLO Ice Cream is made of imported high-quality raw materials using state-of-the-art technology. Considering the demand and taste of the consumers of all classes and segments LOVELLO has come out with a variety of extraordinary mouthwatering Ice Creams like- Hidden Heart (3 Flavors in 1), Heart Beats (2 flavors in 1), Toffy Beats, Hazzle Beats, Sixty-Nine Doubler flavor Lolly, 50ml mini cup, 750ml container & many more. For the first time in Bangladesh, it has brought Premium quality Shahi Khajur Malai with 100% natural Khajur Flavor, Mini Cone, Couple Tub, Hidden Heart Single and Heart Beats Single in mini as a sign of difference and variation. LOVELLO is spreading its sales and distribution network all over the country gradually but very smartly. LOVELLO aspires to become the heartbeats of everyone. It is spreading love and connecting the people through its excellent products with the belief that one-day LOVELLO will be the beats of Bangladesh.
Factory Registered & Corporate Office of the Company
LOVELLO i.e. Taufika Foods and Agro Industries Limited have factory, registered office, and corporate office
Plot-01, Road-11, Block-G, Banani, Dhaka-1213.
Village: Bashile, PO: Kathali
6 No. Valuka Union Parishad
PS: Valuka District: Mymensingh
Address: Plot-80, Road-2
Level-4A & 4B
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