Dhaka, Bangladesh (BBN)- Twenty six companies and two mutual funds (MFs) raised an aggregate amount of fund worth more than BDT 16.45 billion, including the premium, from the capital market under fixed price method within the timeframe of January, 2013 to October, 2014.

Among 28 companies, 11 offloaded shares with premium whereas the remaining 17 went public without any premium of their companies’ shares, the Financial Express (FE), a local newspaper, reported.

Four other companies whose IPO (initial public offering) subscriptions are yet to be completed will collect an aggregate amount of fund worth over BDT 3.01 billion.

The companies are: IFAD Autos, C & A Textiles, National Feed Mill and Shasha Denims.  

On the other hand, the country’s capital markets witnessed no flotation of closed-end MFs in last 18 months.

The companies which went public in 2013 are: Orion Pharma, Bengal Windsor Thermoplastic, Familytex (BD), Central Pharmaceuticals, Fareast Finance and Investment, Bangladesh Building System, Paramount Textile, Appollo Ispat Complex, Mozaffar Hossain Spinning Mills and AFC Agro Biotech.

The companies which went public till early October, 2014 are: Emerald Oil Industries, Hwa Well Textile, Far Chemical Industries, Peninsula Chittagong, Shahjibazar Power, Khulna Printing and Packaging, Tung Hai Knitting and Dyeing, Shurwid Industries, Far East Knitting and Dyeing, Saif Powertec, Ratanpur Steel Re-Rolling Mills (RSRM), Western Marine Shipyard, Khan Brothers PP Woven Bag and Hamid Fabrics.     
 Among the companies which went public with premium, the premium received by Orion Pharma was almost five times of the face value of each share. The company raised a fund worth BDT 2.4 billion and of this amount BDT 2.0 billion came from premium. Appollo Ispat Complex raised a fund worth BDT 2.2 billion and of this fund the amount of premium was BDT 1.2 billion.

The IPO size of Peninlsula Chittagong was BDT 1.65 billion including the premium of BDT 1.10 billion.

Western Marin Shipyard collected a fund worth over BDT 1.57 billion, including the premium worth BDT 1.12 billion.  

Bengal Windsor Thermoplastic raised a fund worth BDT 400 million, including the premium worth BDT 240 million.

Matin Spinning Mills went public with an offer price of BDT 37.0 including a premium of BDT 27.0 for each ten taka share. The company’s IPO size was above BDT 1.26 billion, including the premium of BDT 920 million.

The IPO size of Shahjibazar Power Company was BDT 316.8 million and of this fund above BDT 190 million came as premium.

BBN/SSR/AD-16Oct14-12:52 pm (BST)