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BBS Cables Limited: Company Information & Result

LOTTERY RESULT DOWNLOAD HERE:  Available

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non Residence Bangladeshi (NRB)

Eligible Investors  (Pro Data Allotment)

Mutual Fund (Pro Data Allotment)

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “BBS Cables Limited” on Thursday, 13th April, 2017 at their 602 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 2.00 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:

COMPANY NAME:

BBS Cables Limited (BBSCL), a sister concern of Bangladesh Building Systems Ltd. (BBSL) which is a leading Pre-Engineered Steel Building Manufacturer in Bangladesh, has been incorporated in 2009. BBS Cables Limited is looking forward to managing expertise and obtaining technology to provide better engineering solutions through supplying quality electrical Cables, Wires, Conductors and better Customer Service.

BBS Cables Limited

NATURE OF BUSINESS:

At the eye of the 21st-century globalisation, electric power has become an integral part of infrastructural development. With the rapid urbanisation from corner to corner worldwide, the necessity of transmitting power assumes significant for sustainable industrial growth. So, BBS objective is to manufacture electrical Cables, Wires and Conductors of the highest quality and provide unparallel Customer Service to contribute to our national economic growth. BBS Cables strongly believe that the relentless effort to quality and continuous improvement is the only key to long-term success.

VISION, MISSION & VALUES

Vision: A winning industrial leader creating superior values for business and community beyond the boundary.

Mission: We achieve our vision through honesty & integrity, business ethics, global reach, technological expertise, quality, building long-term relationships with all our associates, customers, partners and employees.

Values: Customer Delight: A promise to fulfil customer expectations.

The pursuit of Excellence: A promise to continuous improvement of our teams, services and products as well to become the best.

Integrity and Transparency: A promise to be ethical, sincere, honest and transparent.

Leadership by Example: A promise to create standards in our business and transactions through mutual trust.

 ADDRESS:

BBS Cables factory is located at Jaina Bazar, Telehate, Sreepur, Gazipur, Bangladesh

Corporate & Registered Office: Ga-64, Middle Badda, Pragati Sswarani, Dhaka 1212
Phone:  +880-2-9859915-17, 9850771
Fax:  880-2-9632701
Email: info@bbscables.com.bd
Web Address: www.bbscables.com.bd

BBS Cables Ltd.

BBS Cables Limited EPS & NAV:

As per company’s year ended financial statement on 30 June 2016, BBS Cables Limited stands Net Assets Value (NAV without re-valuation) per shares Tk. 16.87 and Earning Per Shares (EPS) at Tk. 2.46.

ISSUE MANAGER:

Banco Finance and Investment Ltd. and ICB Capital Management Ltd. jointly working as the manager to the issue.

WHY PUBLIC OFFERING:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 13th April 2017. The companies will raise a fund worth Tk. 200.00 million for the purpose of acquisition of Plant & Machineries, Building & other civil works, Partial loan repayment of IPDC Finance Ltd. and IPO expenses meet from IPO proceeds.

NOS. OF SHARE OFFER: 2,00,00,000 
VALUE OF IPO: Tk. 200,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT:500
MINIMUM LOT VALUE:
Tk.5000.-
SHARE ALLOTMENT: 40% for General Public and Affected Investors=16,000 lot, 40% for Eligible Investor (EI)  =16,000 lot, 10% for NRB = 4,000 lot and 10% for Mutual Fund = 4,000 lot.

** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.

BBS Cables Ltd.

SUBSCRIPTION DATE:

The Company’s subscription date start from 23 May’17 to 4 June’17. 

BBS Cables Ltd. IPO FORM DOWNLOAD HERE:

Res. / EI. / NRB Application Form

BBS Cables Successfully Application List: Dhaka Stock Exchange

BBS CABLES LTD.: PROSPECTUS

Total Applied =48.04 Multiple, in the total applied General =72.16 Multiple, Affected =34.03 Multiple, NRB =25.18 Multiple and Mutual Fund =23.75 Multiple

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