Lub-rref Bangladesh IPO Lottery Result 2021

CategoriesIPO ResultTagged , ,

Lub-rref Bangladesh IPO Lottery Result 2021 will be published on 23 February 2021. Lub-rref (Bangladesh) Limited is one of the leading automotive companies in Bangladesh which produces and supplies BNO brand lubricants “BNO Lubricants” across the country. Lub-rref Bangladesh is going to start its Initial Public Offer (IPO) which subscription starts on 26 January 2021. BO Account holders may apply for primary shares of the company until 01 February 2021. IPO Lottery Result will be updated and found here on 23 February 2021.

Lub-rref Bangladesh IPO Lottery Result 2021

With the development of modern civilization, the use of transport, machinery & equipment has become an inseparable part of our day-to-day life. It is unthinkable to consider a modern machine without the use of any Lubricants or Lubrication. It would not, therefore, be an exaggeration to say that the wheels of civilization move on Lubricants.

Lub-rref Bangladesh IPO Lottery Result 2021

Unfortunately, in our country, the price of lubricants comes first to the customer as the big volume of the market is for low claim (API SC/CC) only-an an obsolete product. Whereas price is directly related to the Quality of products meeting International Standards like SAE, API, EURO, JASO, ILSAC, emission control, Energy Conserving, etc. Lub-rref Bangladesh IPO Lottery Result 2021.

We import base oil and additives to blend Lub oil of various formulations to cater to the needs of automotive and industries. We produce about 35 items considering multifarious uses. We have a modern & fully equipped laboratory, which includes atomic absorption equipment, supports, and complements. Contract work is also undertaken for outside companies. The Company is committed to the health, safety, and care of the environment. The blending of lubricants generates no waste.

Lub-rref Bangladesh IPO Result 2021

Lub-rref (Bangladesh) Ltd. an ISO-certified professional company always maintains high ethical and international quality standards. With the total dedication and experience of three & half decade’s sound knowledge & expertise in the field of lubricants and greases, we had been able to launch this ever biggest lubricating oil blending plant. Now we are marketing our products under ‘BNO’ Brand.

It is a pleasure for us, our quality as well as the continuous co-operation of our valued Dealers, Retailers, Marketing personnel and a large number of End Users helps us to build up the company along with our brand image in a dominating stage increasing our reputation & strength day by day.

Lub-rref Bangladesh IPO Lottery Result 2021

All our employees are highly motivated who works independently protecting the rights of all parties concerned. The company maintains a rigorous compliance program to ensure the needs of our customers.

Lub-rref has established a reputation for unmatched technical support and liaison with customers thus ensuring correct choice and applications of lubricants. Coupled with trouble-shooting and service planning, Lub-reef’s initial objectives to become an indispensable part of the industrial mix have been achieved. A very satisfactory market share has been secured in a relatively short period of operation, Lub-reef’s products are second to none in the industry and fully supported by technical representatives and engineers. Lub-rref Bangladesh IPO Lottery Result 2021.

The lubricant manufacture i.e., Lub-rref (Bangladesh) Limited was incorporated in Bangladesh on November 18, 2001, as a public limited company bearing registration number is C-No. 4172 of 2001 under the Companies Act, 1994 with the Registrar of Joint Stock Companies and Firms (RJSC) having its register office at Chittagong. The Company commercially launched its manufacturing plant in 2006.

Lub-rref Bangladesh Limited IPO Detail Information

Bangladesh Securities and Exchange Commission (BSEC) has got consent to Lub-rref (Bangladesh) Limited for getting enlist in the share market of Bangladesh under the Fixed Price method. Bangladesh Securities and Exchange Commission (BSEC) has approved the prospectus for the Initial Public Offering (IPO) to raise Tk. 150 crores from the capital market through the Book Building method at their regular commission meeting held on November 18, 2020.

Lub-rref, which has more than 85 different product lines of engine oil, generator oil, marine engine oil, automotive gear oil, hydraulic oil, compressor oil, industrial gear oil, machine oil, transformer oil, grease, and so on, has performed better vis-à-vis the market leader JML, which markets the Mobil brand of lubricants in Bangladesh, in recent years. Lub-reef (Bangladesh) Limited is one of the leading Automotive companies in Bangladesh working diligently with an aim to make Bangladesh a Global Brand in providing leading innovative solutions and moving beyond being low-cost.

Lub-rref Bangladesh IPO Lottery Result

Lub-rref Bangladesh Limited Financial Information

The 19-year-old Chattogram-based lubricant company is raising Tk 150 crore from the IPO through the book-building method. The lubricant manufacturer will invest Tk. 98 crore to expand its existing manufacturing plant, which would enable the company to capture 20% lube oil market share from its existing 8%, according to Lub-rref’s IPO prospectus. According to the entity’s audited financial statements for the year ending on June 30, 2019, the company’s weighted net asset value per share was Tk. 31.93 while earnings per share (EPS) was Tk. 2.08.

Lub-rref Bangladesh IPO Result 2021

(Subscription Open: January 26, 2021, close: February 01, 2021)

Nature of Business: The principal activities of the company are to manufacture Automotive, Industrial, Marine, Power House Lubricants, Lube Base oil Refining, and Lubricating grease Blending.

Mejor Products: Manufacture Engine Oil, Gear Lubricants, Hydraulic Oil, Transformer Oil, Grease, etc.

Lub-rref Bangladesh IPO Lottery Result 2021

Lub-rref Bangladesh IPO Lottery Result 2021

Security Trading Code: LRBDL

BSEC’s Consent for IPO: December 24, 2020

Issue Date of Prospectus: December 28, 2020

Subscription Open: January 26, 2021

Subscription Close (Cut-off Date): February 01, 2021

Authorized Capital: BDT 2,500,000,000

IPO size in shares: 45,243,144

IPO size in BDT at face value: BDT 452,431,440

IPO size in BDT at offer price: BDT 1,500,000,000

Post IPO Paid-up Capital: BDT 1,452,431,440

Face Value per share: BDT 10.00

Cut-Off Price per share: BDT 30.00

Offer Price per share for GP: BDT 27.00

Market Lot (Shares): 200

Application Cost per Lot for GP: BDT 5,400.00

NAV per share with revaluation: BDT 31.93 as of June 30, 2019

NAV per share without revaluation: BDT 25.96 as of June 30, 2019

Earnings per Share (Basic): BDT 2.08 for the year ended on June 30, 2019

Issue Manager: NRB Equity Management Limited

Auditor: Ashraf Uddin & Co. (Chartered Accountants)

Website: www.lub-rref.com

Lub-rref Bangladesh IPO Result 2021

Brief Description of the Company Lub-rref Bangladesh Limited

Lub-rref (Bangladesh) Limited commercially launched its manufacturing plant in 2006 after its incorporation in Bangladesh on November 18, 2001, as a public limited company under the Companies Act, 1994. Lub-rref (Bangladesh) Limited is one of the leading automotive companies in Bangladesh with a dream to change Bangladesh into a healthy nation. Lub-rref (Bangladesh) Limited working diligently with an aim to make Bangladesh a Global Brand in produces Manufacture Engine Oil, Gear Lubricants, Hydraulic Oil, Transformer Oil, Grease, etc.

Lub-rref Bangladesh IPO Result 2021

The company is raising Tk 150 crore from the IPO through the book-building method. According to the book-building method of the initial public offering, half of the company’s shares will be issued to eligible institutional investors, who have set the cut-off price at Tk 30 each through bidding and the general public can apply to buy the remaining half of the local lubricant company’s shares on a 10 percent discount from the cut-off price meaning the general investors will get IPO shares at 10 percent discount on the cut-off price that is the general public will get IPO shares at Tk 27 each per share.

The company imports base oil and preservative to mix together lube oil of various formulations to cater to the needs of automotive and industries. Lub-rref produces about 35 items considering miscellaneous uses and has a modern & fully equipped laboratory, which includes atomic absorption equipment, supports, and complements. Contract work is also undertaken for outside companies. The Company is dedicated to the health, safety, and care of the environment. The combination of lubricants generates no waste.

Lub-rref Bangladesh IPO Result 2021

Do you have an Idea about The Top Most Competitors in the Market?

You should know the Topmost Lubricants Company in Bangladesh that leads the market in this sector. The Topmost Competitors in the Lubricants Market in Bangladesh are as below:

Lub-rref Bangladesh IPO Result 2021

APSCO Bangladesh.

Basumati Group of Companies.

BP PLC (Castrol)

City Lub Oil Industries Ltd.

Corona Group (Lukoil)

Gulf Oil Bangladesh Limited.

Imam Group (FUCHS and Conoco)

Lub-rref (Bangladesh) Ltd.

MJL Bangladesh Limited (Exxon Mobil)

Navana Petroleum Limited (Caltex/Chevron)

Padma Oil Company Limited

Trade Services International (Total)

United Lube Oil Limited (Petronas)

Ranks Petroleum Limited (Royal Dutch Shell PLC)

Rahimafrooz (Bangladesh) Ltd (BP PLC)

The Bangladeshi lubricants market is partially consolidated with the top five players accounting for almost 60% of the total consumption. The key players in the market include MJLBD, BP PLC (including Castrol), Total, Caltex, and Royal Dutch Shell, among others.

Click the following Link to get Lub-rref (Bangladesh) 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 download the Lub-rref (Bangladesh) Limited IPO Lottery Result from Dhaka Stock Exchange (DSE) original website http://www.dsebd.org/ipo_lottery_result.php

Lub-rref Bangladesh IPO Lottery Result

Status of bidding of shares of Lub-rref (Bangladesh) Limited.

It is our pleasure to inform you that the electronic bidding of Lub-rrel (Bangladesh) Limited through the Electronic Subscription System (ESS) by the eligible investors has been successfully completed. Based on the bidding of eligible investors, the cut-off price of ordinary shares of Lub-rrel (Bangladesh) Limited was determined at BDT 30.00 (Thirty) only. For more information please check the following

Registered & Corporate Office Click Here

Lub-rref Bangladesh Ltd IPO Result 2021

Registered Office

Lub-rref (Bangladesh) Limited

B-6 (Part) 9-10 & 23-24,BSCIC

Industrial Estate, Block – A, Sagarika

Road, Chittagong – 4219

E-mail: info@lub-rref.com

Web: www.lub-rref.com

Corporate Office

Rupayan Trade Center, Space # 5th (7th Floor),

114 Kazi Nazrul Islam Avenue, Dhaka-1000

+88 02 43150035, +88 02-43151995

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.

Leave a Reply

Your email address will not be published. Required fields are marked *