Associated Oxygen ltd IPO Lottery Result 2020 and update news. The Associated Oxygen ltd IPO Lottery Result has been declared by the respective authority. Earlier Associated Oxygen ltd held its lottery draw online on October 07 amid the outbreak of coronavirus. Watch the initial public offering result for the investigators. Earlier, the company’s IPO application started on September 10 and lasted till September 16. Associated Oxygen ltd is supposed to raise around one billion taka through the IPO lottery.
IPO Lottery Result 2020
Associated Oxygen ltd Hitech Industries Limited, the country’s electronics giant, which is in the process of raising money through an initial public offering (IPO), will hold an IPO lottery on September 7 if it gets permission. This information is known from the relevant sources. According to sources, the company has applied to the regulatory body Bangladesh Securities and Exchange Commission (BSEC) for setting an IPO lottery on September 7 on the digital platform. With the approval of BSEC and if all goes well, the IPO lottery will be held on September 6.
A total of 233 eligible investors have applied for a cut-off price of taka 315 in the company’s IPO. Of these, 6 eligible investors have applied for a cut-off price of taka 318 or more. In the company’s IPO, the lot price is fixed at taka 252 per share for general investors (excluding 20%) for a total of 20 shares at taka 5,040 and for eligible investors at taka 315 per share for a total of 20 shares at taka 8,300. Watch your Associated Oxygen ltd IPO lottery result 2020.
Associated Oxygen ltd IPO Result 2020 PDF Download
According to sources, the company will raise a total of taka 100 crore from the stock market. Of this, Tk 80.96 crore will be collected from eligible investors and Tk 39.34 crore from general investors in IPOs. Of the taka 100 crore to be withdrawn, taka 62.50 crore will be used for business expansion. Besides, loan repayment with Taka 33 crore and IPO cost with Taka 4 crore 50 lakh will be managed. Associated Oxygen ltd’s cut-off price in the bidding has been 315 taka. Download the PDF file of the Associated Oxygen ltd IPO Result as it has been included here for you.
Eligible investors participating in the bidding will buy Associated Oxygen ltd shares at this rate. However, even though there is a provision to issue shares in the IPO at 10 percent discount, Associated Oxygen ltd will issue each share at Tk 252 at 20 percent discount in the interest of ordinary investors.
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