Fortune Shoes Ltd IPO Result 2016


Fortune Shoes Ltd IPO Result 2016 with IPO Lottery Information publish. The Fortune Shoes Limited IPO Lottery Draw Result 2016 – www.fortuneshoes.com. Fortune Shoes Ltd IPO Application Form and Lottery Result 2016. Fortune Shoes Limited (FS) IPO Draw will be held on October 2016 at Institution of Engineers, Bangladesh (IEB), 8/A, Ramona, Shahbag, Dhaka-1000. The IPO Lottery Result “Fortune Shoes Limited” Share officially announced at 10am. But Fortune IPO Lottery Draw Result will available at website after 1.00pm.  Because they need to time updated the IPO Lottery Draw Result.

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Fortune Shoes Limited IPO Information 2016

Furthermore, Fortune Shoes Limited IPO Application Starts from August 16. IPO Subscription will be Close August 28, 2016. Bangladesh Securities and Exchange Commission has approved the Initial Public Offering (IPO) of Fortune Shoes (FS) on his 579th meeting.

Fortune Shoes Ltd. IPO Information:

  • FORTUNE SHOES Subscription Open Date: August 16
  • FORTUNE SHOES Subscription Close Date: August 28

According to Prospectus Fortune Shoes IPO’s:

  • Share Value: 10/Per Share (Taka)
  • Lot Distribution: 500
  • Total Value (TV) = 5,000 (Taka)
  • Institute (40%) = 17,600 Lot
  • Mutual Fund (MF) (10%) = 4,400 Lot
  • General Public/Resident Bangladeshi (RB) (32%) = 14,080 Lot
  • Affected Investors (AI) (8%) = 3,520 Lot
  • Non-Residential Bangladesh (NRB) (10%) = 4,400 Lot
  • Total Lot 100% = 44,000 Lot
  • Total Share = 2 Core 20 Lac
  • Earnings per Share (EPS): 1.22
  • Net Asset Value (NAV): 13.75

Note: According to the financial statement of 9th Month ending on 29 February 2016. Therefore, Company Issue Manager: Imperial Capital Limited and Prime Bank Investment Limited. While, Fortune Shoes Website: www.fortuneshoesltd.com.

Fortune Shoes Limited Competitors in the Market:-

Since, Fortune Shoes Ltd.  (FSL) was incorporated in Bangladesh as a Private Limited Company with the issuance of Certificate of incorporation bearing no. CH-7590/10 of 2010 dated on 14 March 2010, by the Registrar of Joint Stock Companies & Firms, Chittagong, Bangladesh. The Company Converted into public Limited Company on 2015.

The Company started its commercial operation on September 07, 2011.

The principal activities of the company are to carry on the business of manufacturing and exporting all kinds of leather shoes, footwear etc. There are a numerous number of companies are involved in Shoes manufacturing in Bangladesh. The major competitors are as:

  1. Apex Footwear Limited
  2. Bata Shoe Limited
  3. Legacy Footwear Limited
  4. Bengal Shoe Industries Limited
  5. Lalmai Sportswear Industries Limited
  6. Longla Leather Limited
  7. Earth Footwear Limited
  8. Zeal Wears Limited

In conclusion, We have to say that; You Fortune Shoe’s Customers are happy to use Shoe. Because there all shoes comfortable and qualifies. You know, Fortune is the one of Most Popular Brand in Bangladesh. Fortune Shoes Initial Public Offering Information as well as Fortune Shoes Ltd IPO Result 2016 will be available at BDResults24.Com. Keep Searching and Check our Website.

Fortune Shoes Ltd IPO Result 2016

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