MJL IPO Subscription Results

MJL Bangladesh Limited IPO Result Published on 31 January 2011

Nature of Business: The company involves in the business of blending
and marketing of lubricants and greases.
IPO Subscription Open: January 02, 2011
IPO Subscription Close: January 06, 2011
For Non-Resident Bangladeshi: January 02, 2011 to January 15, 2011
Authorized Capital of MJL Bangladesh Ltd.: Tk. 10,000 million
Pre- IPO paid-up Capital of MJL Bangladesh Limited: Tk. 1403.20 million
IPO size of MJL Bangladesh Ltd: Tk. 400 million (at face value)
Post IPO Paid-up Capital of MJL Bangladesh Limited: Tk. 1803.20 million
Face Value per Share of MJL Bangladesh Ltd: Tk. 10.00
Offer Price Per Share: (Cut Off Price) Tk. 152.40 (including a premium of Tk. 142.40)
Market Lot (Share) of MJL Bangladesh Limited: 100

Use of IPO Proceeds: MJLBL is continuously expanding its business by
availing new opportunities focusing on downstream operations. The company intends to raise the fund to undertake a number of potential projects.

NAV per share: The NAV per share of MJL Bangladesh Limited was Tk. 10.85 for the year ended on 31 December 2009. The same was Tk. 11.73 as on 31.03.2010.

EPS: The EPS of MJL Bangladesh Ltd. was Tk. 11.48 and Tk. 2.45 for the year ended on 31 December 2008 and 2009 respectively. The same was Tk. 0.88 as on 31.03.2010.
Website: www.mobilbd.com
MJL Bangladesh Limited IPO Result Published on 31 January 2011.
But Trade for This Share is closed by CSE.