Mir Akter Trading of Shares commences on 02 February 2021. Mir Akhter Hossain Limited IPO Lottery Result & Information 2021. Mir Akhter Hossain Limited IPO Lottery’s result published on 21 January 2021. Mir Akhter Hossain Limited is one of the largest constructions and engineering firms in the country, going to start its Initial Public Offer (IPO) subscription from 24 December 2020 this year. BO Account holders may apply for primary shares of the company until 30 December 2020. IPO Lottery Result will be updated and found here soon.
MIR AKHTER HOSSAIN Limited established in 1968 continues to hold a unique place in the country’s engineering and constructions sector as a well-diversified and leading company with operations and implementing 34 development projects including constructions of roads, bridges, highways, railway tracks, airports, 5-star luxury hotels, discharge channels, civil construction of power plants, functional buildings, factory buildings, and complex infrastructural projects. The company is also actively engaged in river dredge, gas pad drilling using high-tech utility rigs, manufacturing of railway sleepers and poles, and soil stabilization.
Mir Akhter Hossain Limited IPO Share Trading Information Details Click Here
Mir Akter Trading of Shares commences on 02 February 2021. Trading of the shares of Mir Akhter Hossain Limited will commence at DSE from today i.e. February 02, 2021, under the ‘N’ category. DSE Trading Code for Mir Akhter Hossain Limited is “MIRAKHTER” and DSE Company Code is 13250.
Prohibition on providing loan facilities to purchase securities:
The Stock Brokers, Merchant Bankers, and Portfolio Managers are requested to abstain from providing loan facilities to purchase securities of Mir Akhter Hossain Limited in between 1st to 30th trading day starting from today i.e. February 02, 2021, as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
Price Limit for New Security:
The Price limit of the Company will remain open 50% on the issue price today (02.02.2021) and the following day (03.02.2021), Price limit will remain open 50% on the closing price of debut trading. As per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, and BSEC letter No. SEC/SRMIC/94-231/943 dated June 25, 2020, the public offer price of each share shall be considered as the floor price.
Mir Akhter Hossain Limited has got consent from BSEC to get enlisted in the share market of Bangladesh under the Book-building method. Bangladesh Securities and Exchange Commission (BSEC) has approved the prospectus for the Initial Public Offering (IPO) to raise Tk. 125 crores from the capital market through the Book Building method. Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Mir Akhter Hossain Limited at their 747th regular commission meeting held on November 04, 2020.
Sister Concern of Mir Akhter Hossain Limited
The Sister Concern of Mir Akhter Hossain Limited are as follows:
- Mir Telecom Ltd.
- Mir Ceramic Ltd.
- Mir Holdings Ltd.
- Mir Cement Ltd.
- Mir Real Estate Ltd.
- Mir Concrete Products Ltd.
- Mir Power Ltd.
- BTS Communications (BD) Ltd.
- Ergo Ventures Ltd.
- Bangla Telecom Ltd.
- Fair Trading
- Mir Energy Ltd.
- REGO Communications Ltd.
Financial Information of Mir Akhter Hossain Limited
MIRAKHTER Quarter 2 Financials:
(Q2 Un-audited): As per un-audited Q2 financial statements, profit after tax is Tk. 110.72 million and basic EPS of Tk. 1.11 for the 3 (three) months (October-December 2020) period ended on 31 December 2020 against profit after tax of Tk. 114.50 million and basic EPS of Tk. 1.15 for the same period of the previous year. However, Post-IPO basic EPS for the 3 (three) months (October-December 2020) period ended on 31 December 2020 would be Tk. 0.92. Moreover, profit after tax is Tk. 215.12 million and basic EPS of Tk. 2.15 for the 6 (six) months (July-December 2020) period ended on 31 December 2020 against profit after tax of Tk. 207.46 million and basic EPS of Tk. 2.07 for the same period of the previous year. However, Post-IPO EPS would be Tk. 1.78 for 6 (six) months (July-December 2020) period ended on 31 December 2020. Pre-IPO Net Asset Value (NAV) per share (considering Pre-IPO paid-up shares) would be Tk. 40.61 as of 31 December 2020 and the same would be Tk. 43.98 (considering Post-IPO paid-up shares). Pre-IPO weighted average paid-up number of shares for 3 (three) months (October-December 2020) and 6 (six) months (July-December 2020) period ended on 31 December 2020 was 100,000,000 which was the same for the same period of the previous year and Post-IPO paid-up a number of shares would be 120,771,547.
In the 2018-19 fiscal years, Mir Akhter’s total revenue was Tk. 426.70 crore and the net profit was Tk. 63.24 crore. In the 2017-18 fiscal years, the company’s profit stood at Tk. 61.87 crore. According to the audited financial statements of Mir Akhter as of 30 June 2019, the company’s weighted average earnings per share in the last five years was Tk. 6.21, net asset value per share was Tk.34.71, including re-evaluated reserve.
The company’s issue manager’s name is IDLC Investments Limited. Use of IPO Proceeds: The company will use the money for business expansion, equipment purchase, and repayment of bank loans. For the Company’s IPO fund, the company will use Tk. 50.30 crore for purchasing heavy equipment, Tk. 12.70 crore for aggregate processing plant, Tk. 4.67 crore for asphalt plant, Tk. 3.74 crore for concrete batching plant, Tk. 10.08 crore for construction of warehouse and workshop for equipment maintenance and refurbishment, and Tk. 40 crore for repayment of bank loans. & IPO related other relevant expenses according to the IPO prospectus.
Confirmation If Your IPO Application is Deposited or Not? Check the Consolidated Application List Click Here
You can check your IPO Application (Mir Akhter Hossain Limited which Subscription Open December 24, 2020, and Close date December 30, 2020) is CORRECTLY deposited or not. Check by the link below:
Mir Akhter Hossain Limited IPO Lottery Result Details Here
Mir Akhter Hossain Limited IPO online Lottery result published on 21 January 2021 & found here. Total Applied 7.57 Times, General Applied 14.83 Times, Affected Applied 5.27 Times, NRB Applied 3.57 Times. Download Mir Akhter Hossain Limited IPO Lottery Result from here. After ending of application of Initial Public Offer (IPO) from December 24, 2020, to 30 December 2020. Mir Akhter Hossain Limited IPO Online Lottery draws on January 21, 2021. Place: IPO lottery of Mir Akhter Hossain Limited will be performed on January 21, 2021, at 11:00 A.M. at The Lakeshore Hotels, La Vita Banquet Hall, House#46, Road # 41, Gulshan, Dhaka-1212. The IPO results also will be 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 Mir Akhter Hossain 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 can also get the result from the official website of Mir Akhter Hossain Limited IPO Lottery Result i.e. www.mirakhter.net
You can also download the Mir Akhter Hossain Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php
As per Prospectus of Mir Akhter Hossain Limited
The below prospectus has been described as the overall information of the company. Sector: Engineering.
Mir Akhter Hossain Limited
(Subscription Open: December 24, 2020, Close: December 30, 2020)
Security Trading Code: MIRAKHTER
BSEC’s Consent for IPO: November 23, 2020
Issue Date of Prospectus: November 24, 2020
Subscription Open: December 24, 2020
Subscription Close (Cut-off Date): December 30, 2020
Authorized Capital: BDT 2,000,000,000
IPO size in shares: 20,771,547
IPO size in BDT at face value: BDT 207,715,470
IPO size in BDT at offer price: BDT 1,250,000,000
Post IPO Paid-up Capital: BDT 1,207,715,470
Face Value per share: BDT 10.00
Cut-Off Price per share: BDT 60.00
Offer Price per share for General Public: BDT 54.00
Market Lot (Shares): 100
NAV per share with revaluation: BDT 34.71 as of June 30, 2019
NAV per share without revaluation: BDT 33.63 as of June 30, 2019
Earnings per Share (Basic): BDT 6.32 for the year ended on June 30, 2019
Issue Manager: IDLC Investments Limited
Registrar to the Issue: Citizen Securities & Investment Limited
Auditor: G.Kibria & Co., Chartered Accountants (Chartered Accountants)
Click below to Download Prospectus of Mir Akhter Hossain Limited
Lot Distribution of Mir Akhter Hossain Limited Click Here
Click here to see the Lot Distribution of Mir Akhter Hossain Ltd.
General (32%)= 66,469 Lot
Affected (08%)= 16,617 Lot
NRB (10%)=20,772 Lot
Total Lot (100%)
Brief Description of the Company (Mir Akhter Hossain Ltd)
About the Industry:
The segment, in which Mir Akhter Hossain Limited operates, continues to be the key focus of government in delivering strategies and outcomes relevant to the development of Bangladesh. This is a sector that is benefiting from an increasing capital allocation from the annual development budget of the government. The completion of the Annual Development Program (ADP) has developed at an annual rate of 12.3% from BDT 1,483,060 million in 2018 to BDT 1,665,930 million in 2019.
- The permitted budget allocated for Annual Development Program for the Financial Year 2019-2020 is BDT 2,027,210 million, the highest in the history of the country.
- Mir Akhter is a leading company in this sector being amongst the top three (3) organizations in terms of capacity. The high growth in ADP is openly attributable to the planned construction of industrial complexes, roads & bridges, power stations, and civil infrastructures; which is a precondition for achieving the goal of largely countrywide and profitable development. Bangladesh’s economy has grown by more than 6% on average in real terms during the last decade.
- And in this journey, the construction industry has consistently played a fundamental role. In Fiscal Year 2018-2019, the industry stood amongst the top contributors to the GDP of Bangladesh.
- In maintaining the country’s strong economic growth, infrastructural development remains a key driver. The impressive trend of both the economy and the construction engineering sector is set to continue because of the government’s development focus and upcoming plans. Being one of the pioneers and leading engineering construction companies in Bangladesh, Mir Akhter Hossain Limited remains a highly dynamic participant in this sector, fully equipped and ready to capitalize on this wide horizon of future opportunities.
About the Issuer:
MIR AKHTER Hossain, from its inception till date, has been closely involved in the delivery of various infrastructure projects essential to the country’s development. The company has stood the test of time in all aspects of its business, which commenced in 1968. MIR AKHTER is the only construction company in the country that has completed and is actively engaged in all of the following categories of projects
- Roads and bridges
- Railways tracks
- Power plants
- Buildings and factories
MIR AKHTER’S business is operated with a vision to fully participate in the infrastructure development of Bangladesh with a view to providing high-quality construction to its customers and at the same time optimizing opportunities for all stakeholders including maximizing value for the shareholders.
Registered & Corporate Office:
Mir Akhter Hossain Ltd.
Red Crescent Borak Tower
Level-7 & 10, 71-72 Old Elephant Road,
Eskaton Garden, Dhaka-1000.
Contact Number: +8802-55138529, 55138533-35
Fax Number: +88 02-55138530-31
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