Trading of the shares of Emerald Oil Industries Ltd will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Wednesday) under 'N' category, officials said.
DSE Trading Code for Emerald Oil Industries is 'EMERALDOIL' and DSE Company Code is 14295 while the CSE Scrip ID is 14027, Scrip Code is EMERALDOIL. The market lot is 500 shares.
The company's initial public offering (IPO) subscription took place between January 6 to January 12, 2014 for resident Bangladeshis while it was continued till January 21 for non-resident Bangladeshis.
Lottery of the IPO was held on February 6 last and was oversubscribed by more than 39 times on offer, indicating strong investor interest.
Under the fixed price method, the Emerald Oil Industries floated 20 million ordinary shares of Tk 10 each at an offer price of Tk 10 to raise an amount worth Tk 200 million.
The IPO proceeds used to pay off term loans, boost current capital along with bearing the expenses of IPO proceed.
According to the company's financial statement for the year ended on June 30, 2013, the company's earnings per share (EPS) and net asset value (NAV) are at Tk 2.85 and Tk 14.06 respectively.
Alliance Financial Services Limited acted as issue manager of Emerald Oil Industries IPO.
The securities regulator --- the Bangladesh Securities and Exchange Commission (BSEC) approved the IPO prospectus of the Emerald Oil Industries on November 19, 2013.
Emerald Oil trading makes debut today
FE Report | Published: March 19, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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