Index Agro Industries IPO Lottery Result

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Index Agro Industries IPO Lottery Result publishing possible date is 22 March 2021. Index Agro Industries Limited (IAIL), a concern of Index Group of Companies, began operations in the year 2000. IAIL produces poultry feed, fish feed, and Day-Old Chicks (broiler & layer). Most recently, IAIL has decided to move ahead with Initial Public Offerings.

Index Agro Industries IPO Lottery Result

Bangladesh, being a small country in Asia, is gradually increasing the dimension and horizon of the agro-industry. Agriculture dominates both the landscape and the economy of Bangladesh. The country has remained largely agricultural, with nearly half the population employed in this sector. The country has invested deeply in agro-processing and livestock development with the immense success that is being followed by many other neighboring countries. Index Agro Industries Limited (IAIL) is part of that journey.

Index Agro Industries IPO Lottery Result

Index Agro Industries Limited (IAIL) began operations in the year 2000. IAIL produces poultry feed, fish feed, and Day-Old Chicks (broiler & layer). Recently, IAIL has decided to move ahead with Initial Public Offerings.

Index Agro Industries Limited (IAIL), a concern of Index Group of Companies, began operations in the year 2000. IAIL produces poultry feed, fish feed, and Day-Old Chicks (broiler & layer). Most recently, IAIL has decided to move ahead with Initial Public Offerings. Index Agro Industries IPO Lottery Result.

An automated manufacturing facility for poultry feed. Such integration provided a powerful thrust to the breeder and hatchery operations of IAIL by ensuring the availability of quality feed. The company markets and packages its feed products under the brand name X Feed and Goldring.

Index Agro IPO Lottery Result 2021

An automated manufacturing facility for poultry feed. Such integration provided a powerful thrust to the breeder and hatchery operations of IAIL by ensuring the availability of quality feed. The company markets and packages its feed products under the brand name of ‘X Feed’.

The Company is going to start its Initial Public Offer (IPO) subscription on 22 February 2021 this year. BO Account holders may apply for primary shares of the company until 28 February 2021. IPO Lottery Result will be updated and found here timely.

IPO Lottery Result & Information of Index Agro Industries

Index Agro Industries was incorporated on 13 September 2000 and started commercial operation on 1 July 2004. An automated manufacturing facility for poultry feed. Such integration provided a powerful thrust to the breeder and hatchery operations of IAIL by ensuring the availability of quality feed. The company markets and packages its feed products under the brand name X Feed and X Goldring.

Index Agro Industries Limited IPO Information Details

Index Agro Industries Limited IPO Lottery Result publishing possible date is March 22, 2021. Index Agro Industries Company 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. 50 crores from the capital market through the Book Building method. Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Index Agro Industries Limited at their regular commission meeting held on September 10, 2020.

As per the bidding of EIIs, the cut-off price of the company’s shares stood at Tk 62 and so shares would be allotted to general investors along with NRB investors at Tk 50 each. Index Agro Industries Limited is one of the leading poultry feeds, fish feed, and Day-Old Chick (broiler & layer) companies in Bangladesh.

Financial & Overall Information of Index Agro Industries Limited

The company’s issue manager’s name is AFC Capital Limited and EBL Investments Limited. The company will use the IPO Fund for Investment in Building & Civil Construction Amount (BDT) 175,367,900.00 (35.07%) Machineries and Equipment Amount (BDT) 299,632,100.00 (59.93%) & IPO-related relevant expenses Amount (BDT) 25,000,000.00 (5.00%) according to the Prospectus.

Index Agro Industries IPO Lottery Result

Index Agro Industries IPO Lottery Result

Index Agro Industries Limited IPO Lottery Result Click Details

Index Agro Industries Limited IPO Lottery Result publishing possible date is 22 March 2021. Total Applied. Times, General Applied (RB) 39.60 Times, Affected Applied 12.67 Times, NRB Applied …Times. Download Desh General Insurance Company Limited IPO Lottery Result from here. After the ending of application of the Initial Public Offer (IPO) from February 14, 2021, to 18 February 2021.

The Index Agro Industries Limited IPO Lottery draw may be held on March 22, 2021. Place: IPO lottery of Desh General Insurance Company Limited performed on 22 March 2021. The IPO results also published on the websites of the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), and the company’s website after the lottery programmed. Index Agro Industries IPO Lottery Result. See the Result below.

Click the following Link to get Index Agro Industries IPO Lottery Result

Stock Brokers/Merchant Banks 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 Index Agro Industries Limited IPO Lottery Result i.e., www.index-agro.com

You can also download the Index Agro Industries Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php

Prospectus of Index Agro Industries Limited

The below prospectus has been described as the overall information of the company. Sector: Food

Index Agro Industries IPO Lottery Result

Index Agro Industries Limited

(Subscription Open: February 22, 2021, Close: February 28, 2021)

Nature of Business: The principal activities of this Company are manufacturing and marketing poultry feed, fish feed, and producing Day Old Chicks (DOC).

Major Products/Divisions: Index Agro Industries Limited produces and distributes feeds that are used for broiler chicken and layer chicken. The Company also produces fish feed and Day Old Chicks (DOC).

Security Trading Code: INDEXAGRO

BSEC’s Consent for IPO: January 20, 2021

Issue Date of Prospectus: January 24, 2021

Subscription Open: February 22, 2021

Index Agro Industries IPO Lottery Result

Subscription Close (Cut-off Date): February 28, 2021

Authorized Capital: BDT 1,000,000,000

Pre-IPO paid-up Capital: BDT 390,000,000

IPO size in shares: 8,253,649

IPO size in BDT at face value: BDT 82,536,490

IPO size in BDT at offer price: BDT 500,000,000

Post IPO Paid-up Capital: BDT 472,536,490

Face Value per share: BDT 10.00

Cut-Off Price per share: BDT 62.00

Offer Price per share for GP: BDT 50.00

Market Lot (Shares): 100

NAV per share with revaluation BDT 45.03 as of June 30, 2019

NAV per share without revaluation BDT 44.06 as of June 30, 2019

Earnings per Share (Basic): BDT 7.07 for the year ended on June 30, 2019

Issue Manager: AFC Capital Limited & EBL Investments Limited

Registrar to the Issue: Imperial Capital Limited

Auditor: FAMES & R (Chartered Accountants)

Website: www.index-agro.com

About the industry-Index Agro Industries Limited (IAIL)

The poultry sector includes farms producing birds for meat and eggs and supporting firms of the commercial poultry farms that are Feed, medicine, and raw material producer. Specialized hatcheries deliver chicks from the incubator to commercial growers, who are mostly marginal farmers producing broilers. Large-scale Day Old Chick (DOC) producers are now virtually monopolized the poultry industry. At present, many local animal feed producers are operating in Bangladesh. Economies of scale in the production process have been the key in this business. Smaller commercial-ready feed makers are hence facing survival risks in the face of competition from larger, more efficient top producers.

Index Agro Industries IPO Lottery Result

Over the years’ modern techniques have been implemented for poultry rearing that led to the gradual development of farms and hatcheries with high technology and environment-controlled systems. There has been constant development and growth in the industry as of now and it plays one of the most important roles in the contribution to the agricultural economy. Considering this major role, the government has given top priority to this sector and encouraged the private sector to come up with more investment in the field of Poultry, Dairy, Fisheries, and Agriculture, etc. The industry has posted annual growth of around 20% during the last one and a half decades.

The Value of the global feed industry business is around USD 400 billion a year with more than 31000 feed mill companies in the world. The current global capacity is around 980 million tons whereas in Asia there are around 13,736 manufacturers with a capacity of over 350 million tonnes.

Index Agro IPO Lottery Result

Bangladesh, being a small country in Asia, is gradually increasing the dimension and horizon of the feed milling industry with the total investment for the poultry sector of the country is more than BDT 5,000 Crore and more than 130,000 Poultry Farms have been established in the rural areas throughout the country. The industry has been successful in providing employment opportunities to the rural population. About 6,000,000 people are directly and indirectly involved in the poultry sector for their livelihood.

About the author

I am Mohammad Golam Faruque, Human Resources Professional in Bangladesh. I am also the admin of Dhaka Jobs 24, a Bangladeshi Job and Education based website.

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