Oimex Electrode Ltd IPO Result 2017 Download. Oimex Electrode Limited IPO Lottery draw Result will be published on 5th October 2017 at Institution of Engineers, Bangladesh. This IPO Lottery draw held by BUET. Produced in 2008, Oimex Electrode became a leading maker of steel products such as electrodes, nails and galvanized wires.
Oimex Electrode Limited (OEL) is the fastest growing up electrode, nails and galvanized wire manufacturing company in Bangladesh, which was established on 18th September 2005 under the companies Act 1994 as a private limited company and later converted into the public limited company on 25th August 2014. Oimex Electrode Limited is presenting countrywide with a strong sales network resistant with fast logistical support and state-of-arts manufacturing and R&D facilities. OEL is determined by a philosophy to manufacture with commitment and market effectively; it is one of the leading suppliers of quality steel products like electrodes, nails and galvanized wires in all major markets included with engineering workshop, construction, and shipbuilding.
Oimex Electrode Ltd IPO Result 2017
The IPO Lottery of the Oimex Electrode Limited, approved for the withdrawal of money from the capital market through the initial public offering (IPO), will be held in the city’s Engineering Institute, Ramna, Dhaka at around 10:30 am on October 5, 2017.
The company has filed an application for Tk 623 crore in IPO. Against the Tk 15 crore IPO, which is 41.53 times higher than before. But it is notable, in 73 quarters of the general quota and the eligibility of the inventor’s quota was 10 times more. These information is known to the company sources.
Meanwhile, the applicants who applied for the IPO have got the right application. It is 41 times over subscript than total IPO size. On behalf of the company’s working issue manager is MTB Capital Limited. The company will use the capital for Business expansion, acquisition of Plant & Machineries, Building & other civil works and IPO related other relevant expenses.
Oimex Electrode Ltd IPO Subscription Information:
Subscription open: 5th September 2017
Subscription close: 13th September 2017
Subscription close for NRB: 13th September 2017
Offer Price: Tk 10.0
Face Value: Tk 10.0
Market Lot: 500 units
EPS: Tk 2.44 for the period ended on 30th June 2016
Oimex Electrode Ltd got the green light for its IPO (initial public offering) from Bangladesh Securities and Exchange Commission. BSEC (Bangladesh Securities Exchange Commission) approved IPO “Oimex Electrode Limited” on 9th May 2017, Tuesday presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 1.50 crore ordinary shares worth Tk 10 each at their 604 no Board Meeting. It is known that WiMAX electrodes will collect Tk 15 million from the market at an issue price of Tk 10 each. Oimex plans to use the funds to purchase capital machinery, equipment and raw materials. The company’s earning per shares (EPS) Taka 2.19 (Basic) for the period ended on and net asset value (NAV) Taka 14.87 according to the financial statement as on 30 June 2016.
Oimex Electrode Ltd IPO Result will be published on 5th October 2017 at 10.00am.
About Oimex Electrode Limited
In the third quarter of the year 2016-17, the EPS increased by 10 percent in the engineering sector of Wyomax Electrodes Limited. In the third quarter, earnings per share (EPS) has been Tk 1.57. Which was at the same time of previous year at Tk 1.43. As per the entity’s audited financial statement for the year ended on June 30, 2016, Oimex Electrode’s net asset value per share and weighted average earnings per share were Tk 14.87 and Tk 2.03 respectively.
Capital machineries & equipments 85,000,000 (56.67%) Partial loan repayment (Islami Bank Bangladesh Ltd., Elephant Road Br.) 50,000,000 (33.33%) IPO expenses 15,000,000 (10.00%) Total 150,000,000 (100.00%).
The company’s mission is to combine bold strategic marketing with quality-full products & services at competitive prices to provide the best value for the consumers.
The company’s Values are OEL products affordable and accessible to respected customers without sacrificing quality and build a long-term relationship for sustainable growth.
Factory address: Pipulbaria, Daulatpur, Kushtia, Bangladesh
Office address: 225/1 (1st Floor) Elephant Road, Dhaka-1205.
Phone: +880-2- 9665272. Fax: +880-2-9661252. Email: email@example.com . Web Address: www.oimexelectrode.com
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