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Bangladesh National Insurance Co. Ltd. IPO Information & Result

LOTTERY RESULT DOWNLOAD HERE: Published 

Broker House/Merchant Bank Code

General Public

Non-Residence Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

UPDATE: The Bangladesh Securities Exchange Commission (BSEC) has decided on their 564 nos meeting held on 18 January 2016 ” Bangladesh National Insurance Co. Ltd. will start their subscription from 17 February’16 to 25 February’16 which was suspended as before”
UPDATE:
The Bangladesh Securities Exchange Commission (BSEC) has decided on their 550 nos meeting held on 29 June 2015 “For Unavoidable reason, IPO subscription provisionally suspend of Bangladesh National Insurance Co. Ltd. which will schedule to start from 30 June 2015”

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Bangladesh National Insurance Co. Ltd.” on Tuesday  12 May 2015 on their 543 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 1.77 crore ordinary shares worth Tk 10 each.

Bangladesh National Insurance Co. Ltd. IPO Information & Result

 

Company Information, IPO Application Form, Prospectus & Result:

COMPANY NAME: Bangladesh National Insurance Co. Ltd. or called “BNIC” is one of the leading general insurance company in Bangladesh. The Company was incorporated on April 8, 1996, as a public limited company under the companies act 1994 and licensed under 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 April 8, 1996, with an authorized and paid up capital of capital of Tk. 250 million and Tk. 60 million respectively. It got registered with the Department of Insurance on 25 May 1996 with the prime maxim “A key to Protection” (source: website)

NATURE OF BUSINESS: All kind of general insurance business like Marine, Fire, Motor, Overseas Medical policy.

BRANCHES: BNICL has almost 32 branches all over the Bangladesh.

ADDRESS:
BNICL Head & Registered Office:

WW Tower, 68, Motiheel C/A (Level-15), Motijheel

Dhaka-1000, Bangladesh.

Phone: +88-02-9573481-8 , FAX: +88-02-9555704

Web Address: www. bniclimited.com

COMPANY EPS & NAV PER SHARE: As per company’s latest financial statement for the year ended on 31 July 2014 Bangladesh National Insurance Co. Ltd. stands Earning Per Shares (EPS) at Tk. 1.07 except extraordinary income and Net Assets Value (NAV) per shares Tk. 15.65 respectively.

ISSUE MANAGER: Prime Finance Capital Management Ltd. working as the manager to the issue.

WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 12th May 2015. The Company will raise a fund worth Tk. 177.00 million and the IPO fund will invest in FDR, Treasury Bonds along with bearing expenses of IPO process.

NOS. OF SHARE OFFER: 1,77,00,000 
VALUE OF IPO: Tk. 177,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: –
MARKET LOT: 500
SHARE ALLOTMENT: 60% for General Public=21,240 lot, 20% for Small Affected=7,080 lot, 10% for NRB= 3,540 lot and 10% for Mutual Fund=3,540 lot.

** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”. 
SUBSCRIPTION DATE:  The Company’s subscription will start from 17 February’16 and cut off date 25 February’16 [Including NRB].

IPO FORM DOWNLOAD HERE:

Resident/Affected/NRB Form

Stock Broker/Merchant Bank List

NATIONAL INSURANCE CO. LTD.: PROSPECTUS

 THANK YOU FOR CONNECTING WITH US.

The Author

3 Comments

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  1. Nice Post for DSE & CSE investor of Bangladesh.

  2. It’s a good post.

  3. It’s a nice post.

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