Taufika Foods Lovello Ice Cream IPO Lottery Result 2021

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Taufika Foods Lovello Ice Cream IPO Lottery Result Today 26 January 2021 will be published. Taufika Foods Lovello Ice Cream IPO Lottery Result will be publishing possibly 26th January 2021. Taufika Foods and Agro Industries Limited is a concern of Toufika Group that markets Lovello branded ice-cream.

Taufika Foods and Agro Industries Ltd. (TFAIL) has an effective Effluent Treatment Plant (ETP) which is operated by Vietnam Technology. It’s a Bio-Chemical Type and Capacity of 10000 Litre per hour. This ETP is designed to maintain ecological balance and overall development through the protection and improvement of the environment.

Taufika Foods Lovello Ice Cream IPO Lottery Result

The Department of Environment (DOE) of the Bangladesh Government visits this ETP three times a year. After evaluation of the process and discharged water quality, DOE provides Environmental Clearance Certificate (ECC). TFAIL has also an effective Water Treatment Plant (WTP) which capacity 5 m3 per hour hard water and 5 m3 per hour soft water.

The Company already finishes its Initial Public Offer (IPO) subscription from 03 January to 07 January 2021 this month. BO Account holders applied for primary shares of the company until 07 January 2021. IPO Lottery Result will be updated and found here timely. Taufika Foods Lovello Ice Cream IPO Lottery Result 2021.

Lovello Ice Cream IPO Lottery Result

Taufika Foods & Agro Industries Ltd IPO Lottery Result 2021. Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) has been approved the IPO of Taufika Foods & Agro Industries Ltd at the meeting of 744.

The Company is an Ice-cream manufacturer and supplier in Bangladesh. LOVELLO is a brand name Ice Cream of Taufika Foods and Agro Industries Limited that has been incorporated as a Private Limited Company by shares under the Companies Act, 1994 on 7th August 2011.

Taufika Foods Lovello Ice Cream IPO Subscription 03-07 January 2021

Lovello Ice Cream that is Taufika Foods and Agro Industries Limited got consent from BSEC to get enlisted 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. 30 crores from the capital market through the Fixed Pricing method.

Lovello Ice Cream IPO Lottery Result

Bangladesh Securities and Exchange Commission (BSEC) has approved the initial public offering (IPO) of Taufika Foods and Agro Industries Limited at their regular commission meeting held on October 15, 2020.

Sister Concern of Taufika Group

Lovello Ice Cream IPO Lottery Result

The Sister Concern of Taufika Group are as follows:

Taufika Group business enterprises are as follows:

  1. Taufika Engineering Ltd (TEL)

TEL involved in engineering business including design and building of steel or RCC building, Project Management, turnkey general civil construction, etc.

  1. Taufika Energy Co. Ltd

Taufika Energy Co. Ltd involved in power business and marketing of cellular mobile phone under the brand name “OCTENN”, also supply and installation of medical equipment to the Government of Bangladesh.

  1. Taufika Foods & Agro Industries Ltd (TFAIL)

TFAIL under establishing a brand-new ice cream factory for production & marketing of ice cream under the brand name “LOVELLO”.

  1. Deltamerge Sdn Bhd

Deltamerge Sdn Bhd involved in trading business in various items.

Taufika Foods and Agro Industries Limited

More Than 2000 employees are working In the Group with an annual turnover of approximate BDT 500 Crore.

Taufika Foods and Agro Industries Limited Lovello Financial Information

The issue manager name of the company is Banco Finance and Investments Limited and Sandhani Life Finance Limited. Use of IPO Proceeds: The company will use the money for business expansion, equipment purchases, and repayment of bank loans.

For the Company’s IPO fund, the company will use Taka for Acquisition of Plant & Machinery, Freezer Purchase, Vehicles Purchase, Investment in Depot to increase, Bank Loan Repayment & 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 (Taufika Foods and Agro Industries Limited which Subscription Open January 03, 2021, and Close date January 07, 2021) is CORRECTLY deposited or not. Check by the link below:

CHECK CONSOLIDATED APPLICATION LIST

Click the following Link to get Lovello Ice Cream 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 Taufika Foods and Agro Industries Limited Lovello IPO Lottery Result i.e., www.lovello.club

Company Profile (Taufika Foods and Agro Industries Ltd)

TFAIL-Taufika Foods and Agro Industries Ltd. (TFAIL) has been incorporated as a Private Company Limited by shares under the Companies Act, 1994 on 7th August 2011 and subsequently Converted into a Public Limited Company on July 08, 2019. The Company commenced its commercial operations on January 02, 2016. The company imagines setting up an Ice Cream manufacturing plant at an initial production capacity of 50,000 liters per day with an option to expand further. The brand name of the ice cream of TFAIL is LOVELLO. The project site is situated at Valuka, Mymensingh, an important industrial zone of the country. Taufika Foods Lovello Ice Cream IPO Lottery Result 2021.

Lovello Ice Cream Product List:

1. Stick- Normal
2. Stick- Premium
3. Cup
4. Cone
5. ½ Liter Container
6. 1 Liter Normal
7. 1 Liter Premium
8. 2 Liter Container
9. 5 Liter Container
10. Cake

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

Taufika Foods and Agro Industries Limited Lovello as Per Prospectus

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

Taufika Foods and Agro Industries Limited

(Subscription Open: January 03, 2021, Close: January 07, 2021)

Taufika Foods IPO Lottery Result 2021

Security Trading Code: LOVELLO

BSEC’s Consent for IPO: November 30, 2020

Issue Date of Prospectus: December 02, 2020

Subscription Open: January 03, 2021

Subscription Close (Cut-off Date): January 07, 2021

Authorized Capital: BDT 1,000,000,000

IPO size in shares: 30,000,000

IPO size in BDT at face value: BDT 300,000,000

IPO size in BDT at offer price: BDT 300,000,000

Post IPO Paid-up Capital: BDT 850,000,000

Face Value per share: BDT 10.00

Offer Price per share: BDT 10.00

Market Lot (Shares): 500

Taufika Foods Lovello Ice Cream IPO Lottery Result

NAV per share: BDT 12.17 as of September 30, 2019

Earnings per Share (Basic): BDT 1.20 for the quarter ended on September 30, 2019

Issue Manager: Banco Finance and Investments Limited and Sandhani Life Finance Limited

Auditor: Islam Quazi Shafique & Co., (Chartered Accountants)

Website: www.lovello.club

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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