Fortune Shoes Limited.: IPO Information and Lottery Draw Result. Fortune Shoes IPO Result will be available here. The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Fortune Shoes Ltd.” on Wednesday 29 June 2016 on their 579 nos Board Meeting presided by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 2.20 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below.
Fortune Shoes Ltd. ( also called FSL) was incorporated in Bangladesh as a Private Limited Company with the issuance of Certificate of incorporation bearing no. CH-7590/10 of 2010 dated on March 14, 2010 by the Registrar of Joint Stock Companies & Firms, Chittagong, Bangladesh. The Company Converted into public Limited Company on 2015.The Company started its commercial operation on September 07, 2011.
PROCESS OF BUSINESS:
Fortune Shoes Limited (FSL) is a 100% export oriented company engaged in shoes manufacturers in Bangladesh. The principal activities of the Company are to carry on the business of manufacturing and exporting of all kind of leather shoes, footwear etc.
The Company has the experience of development and manufacturing all kinds of Sports shoes, Leather shoes and other footwear for kids, man and women.
Fortune Shoes Limited has been using sophisticated machineries and modern technology in order to produce high quality of shoes. It helps us to be competitive over our competitors because of FSL latest machineries and technology.
GROUP ASSOCIATES:There is no subsidiary company of Fortune Shoes Limited.
In Bangladesh a number of firms are engaged in Shoes industries. Major competitors are: 1. Bata Shoe Limited, 2. Apex Footwear Limited, 3. Legacy Footwear Limited, 4. Lalmai Sportswear Industries Limited, 5. Bengal Shoe Industries Limited 6. Longla Leatherex limited 7. Zeil Wears Limited 8. Earth Footwear Limited.
FSL is an export oriented company and its product export to Taiwan, Netherlands, Spain, Sweden, Switzerland, Canada and Germany.
FSL manufacturing unit is situated at Kawnia, Barisal.
Head Office: Moon Island, Suite # C-03, Plot # 34 & 36, Road # 08, Block # E, Niketon, Gulshan-01, Dhaka-1212., Bangladesh
Phone: +880-02-9851132, Fax: +880-02-9851154
Web Address: fortuneshoes.com, fortuneshoesltd.com
Factory Office: Plot No. 66-68, BSCIC Industrial Estate, Kawnia, Barisal, Bangladesh.
FORTUNE SHOES LTD. EPS & NAV PER SHARE:
As per company’s nine month ended financial statement on 29 February, 2016 Fortune Shoes Ltd. stands weight average Earning Per Shares (EPS) at Tk. 1.22 and Net Assets Value (NAV) per shares Tk. 13.75 respectively.
ISSUE MANAGER:Imperial Capital Ltd. and Prime Bank Investment Ltd. jointly working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 30 June 2016. The Company’s will raise a fund worth Tk. 220.00 million for the purpose of Machinery Purchase, Construction for Office Building and the IPO expenses meet from IPO proceeds.
VALUE OF IPO: Tk. 220,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 40% for General Public=17,600 lot, 40% for Eligible Investor (EI) = 17,600 lot, 10% for NRB =4,400 lot and 10% for Mutual Fund = 4,400 lot.
SUBSCRIPTION DATE:The Company’s subscription date will start from 16 August’16 and cut off date 28 August’16 [Including NRB].
FORTUNE SHOES LTD. IPO FORM DOWNLOAD HERE:
LOTTERY RESULT DOWNLOAD HERE: Not Yet Published
Stock Broker / Merchant Bank Code
Non Residence Bangladeshi (NRB)
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