Shahjibazar power co. Ltd IPO lottery result will be published on Wednesday in 08.05.2014. IPO lottery will be held at Ramna Engineering Institute in the morning 10.00 AM. After 1.00 PM Result will be available in online. Through a press release information will be posted in online . This result will also be available our website. Not only IPO result but also all kinds of results are given here just time .
Shahjibazar Power Co. Ltd.(SPCL) is one of the largest and most modern, rental Power Generation Company in Bangladesh. SPCL has started its production in January 2009. It has become renowned and popular within this short time on account of hard work, sincerity and honesty. SPCL is a sister concern of Youth Group Bangladesh. It’s official website.It is situated in around Sylhet city at Fatehpur, Shahjibazar, Hobigonj.
The company will go for Initial Public Offering (IPO) for 1,26,80,000 ordinary shares of Tk.10/- each at an issue price of TK.25/- each including a premium of Tk.15/- per share totaling Tk.31,70,00,000/-(Thirty One Crore Seventy Lac) following the Securities and Exchange Commission (Public Issue) Rules, 2006 the Depository Act,1999 and regulations made there under.
The company will issue share allotment letters to all successful applicants within 5 weeks from the date of the subscription closing. Within the same time, refund to the unsuccessful applicants shall be made in the currency in which the value of securities was paid for by the applicants without any interest, through direct deposit to applicant’s bank account as far as possible Account Payee Cheque/Refund warrants with bank account number,bank’s name and brance as indicated in the securities application forms payable at Dhaka/Chittagong/Khulna/Rajshahi/Barisal/Sylhet /Bogra .
Refund money of the unsuccessful applicants will be credited directly to their respective bank accounts who have chosen the option int IPO application forms as maintained with the Bankers to the issue or any other banks mentioned in the application.
The company submitted 40 copies of the printed prospectus to the Bangladesh Securities and Exchange Commission for Official record within 5 working days from the date of publication of the abridge version of the prospectus in the newspaper.