Crystal Insurance Company Limited’s trading of shares commences on 21 December 2020. Crystal Insurance Company Limited IPO Lottery Result. Crystal Insurance Company IPO Lottery draw has been published on 03 December 2020. Crystal Insurance Institute Applies 10.30 Times, General Applied 53.96 Times, Affected Applied 22.42 Times, NRB Applied 11.94 Times. Crystal Insurance IPO Subscription 2020 Open on November 10, 2020, Close on November 16, 2020. Prospectus of Crystal Insurance Company Limited. Crystal Insurance IPO Subscription & Lottery Result 2020. IPO Lottery Crystal Insurance Company Limited.
Crystal Insurance Company Limited is the fastest General Insurance in the Private Insurance Sector of Bangladesh. The Company started the business operation in June 2000. The authorized capital of the Company is Tk. 100,00,000.00 and Paid-up Capital is Tk. 40,00,000.00 out of which Tk. 6,00,00,000.00 already have paid by the Sponsor Shareholders of the Company and the remaining will be raised as soon as possible by floating Initial Public Offering (IPO) by Sponsor Shareholders (60% i.e. Tk. 18.00 crore) and Public (40% Tk. 16.00 core). At present, the Company has a network of 33 branches all over the Country covering commercially important & significant places.
IPO of Crystal Insurance Company Limited
After the independence of Bangladesh in 1971, the Banks, Insurance Companies, and other sectors- like Jute and Textile made nationalized to give a socialistic flavor to the economy of the newly emerged nation. Until 1986, 02(two) State-owned Corporations namely, 1. Sadharan Bima Corporation (SBC) and 2. Jibon Bima Corporation (JBC) was operated a business in the market as general & life insurers respectively in Bangladesh. Due to the changing of the global economic situation, the Bangladesh Government decided to follow an open market economy. So the Government allowed licenses in 1986 to some General and Life Insurance Companies. Thereafter, observing the extensive market of business possibilities and with a view to making employment opportunities, the Government in 1996, 1999 & 2013 gave licenses to some more General & Life Insurance Companies to operate general and life insurance business in the private sector of the Country. At present 45 General Insurance Companies and 30 Life Insurance Companies are operating the business in the Private Sector. Since started business in June 2000 under the license from the Controller of Insurance, we have been transacting all classes of the general insurance business. We earned a wide reputation in the market for our strict adherence to business norms, ethics of insurance, personalized & prompt customer services and expedites claims settlement. The experience gathered during the period of 16 years of its operation and reputation earned gives a new dimension to its services rendered to its customer.
Crystal Insurance Company Limited trading of shares commences on 21 December 2020 Details are as follows:
Bangladesh Securities and Exchange Commission (BSEC) has approved the prospectus for the Initial Public Offering (IPO) of Crystal Insurance Company Limited to raise Tk. 160 million or 16 crores from the capital market through the fixed price method. Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Crystal Insurance Company Limited at their 741st regular commission meeting. BSEC approved the IPO of the company to raise the capital of Tk 16 crore from the market through the Fixed Price Method.
Crystal Insurance Company Limited Financial Information
The net asset value (NAV) per share was Tk. 24.42 and the earnings per share (EPS) was Tk. 2.92 (Basic) according to the financial statement of the company for the year ended on December 31, 2019.
The company’s issue manager’s name is Sonar Bangla Capital Management Limited. The company’s IPO fund will be used for Investment in FDR & Treasury Bond, Investment in Capital Market & IPO related to other relevant expenses according to the IPO prospectus.
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Crystal Insurance IPO Lottery Result 2020 Found Here
Crystal Insurance IPO online Lottery Result 2020 has published on 03 December 2020 & found here. Download Crystal Insurance Company Limited IPO Lottery Result from here. After ending of application of Initial Public Offer (IPO) from November 10, 2020, to 16 November 2020. Crystal Insurance IPO Online Lottery draw held on 03 December 2020 at 10:30 A.M. Place: Crystal Ballroom 2, Hotel Intercontinental, 1 Minto Road, Dhaka. The IPO results also have published on the websites of the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), and the company’s website after the lottery programmed. See the Result below.
Click the following Link to get Crystal Insurance Company Limited IPO Lottery Result
- Stock Broker/Merchant Bank Code
- General Public/Resident Bangladeshi
- Non-Residence Bangladeshi(NRB)
- Affected Small Investors
- All Eligible Investor (Pro-Data Allotment)
You may also get the result from the official website of Crystal Insurance Company Limited IPO Lottery Result i.e. www.ciclbd.com
You can also download Crystal Insurance Company Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php
Crystal Insurance Company Limited Prospectus
The below prospectus has been described as the overall information of the company. Sector: Insurance.
CRYSTAL INSURANCE COMPANY LIMITED
(Subscription Open: November 10, 2020, Close: November 16, 2020)
Authorized Capital Tk. 1,000,000,000
Pre-IPO paid-up Capital Tk. 240,000,000
IPO size in shares 16,000,000
IPO size in Tk. at face value Tk. 160,000,000
IPO size in Tk. at offer price Tk. 160,000,000
Post-IPO Paid-up Capital Tk. 400,000,000
Face Value per share Tk. 10.00
Offer Price per share Tk. 10.00
Market Lot (Shares) 500
Total Value Taka = 5,000
Foreign Currency required for NRB
and Foreign Applicants (per lot) USD 59.39 or GBP 45.69 or EUR 50.52
NAV per share Tk. 24.42 as of December 31, 2019
Earnings per Share (EPS) Tk. 2.92 (Basic) for the period ended on December 31, 2019
Institute (40%) = 12,800 Lot
General (40%) = 12,800 Lot
Affected (10%) = 3,200 Lot
NRB (10%) = 3,200 Lot
Total Lot (100%) = 32,000 Lot
Total Share = 1.6 Crore
Issue Manager: Sonar Bangla Capital Management Limited acted on behalf of the company’s issue manager.
Auditor: Mahfel Huq& Co. (Chartered Accountants)
Click below to Download Prospectus of Crystal Insurance Company Limited
Company Information Crystal Insurance Company Limited
Crystal Insurance Company Ltd. (CICL) was incorporated in Bangladesh as a public limited company on November 11, 1999, under the Companies Act, 1994, and licensed under the Insurance Act, 1938 in order to run all types of General Insurance Business other than Life Insurance Business. It obtained a certificate of commencement of business on November 11, 1999. It got registration from Controller of Insurance on June 12, 2000. Presently the Company has been operating its business through 31 branches including the Local Office. The branches are located in different strategically important areas of the country.
Products and Services Crystal Insurance
Crystal Insurance Company Limited is carrying out the following types of insurance/re-insurance business:
- a) Fire Accidental Damage on Property Insurance
- b) Marine Cargo Insurance
- c) Motor Insurance
- d) Miscellaneous Insurance
- e) Liability Insurance
- f) Engineering Insurance
Registered & Corporate Office Address
Registered & Corporate Office:
Crystal Insurance Company Limited
DR Tower (14th floor),
65/2/2, Box Culvert Road,
Purana Paltan, Dhaka-1000
Tel. No. 9571715 (Hunting)
LalBhaban (10th Floor), 18, Rajuk Avenue, Dhaka-1000.
Mob. 01713–032889, 01973-032889 Tel. 47119270, 9564748.
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