Padma Islami Life Insurance Limited IPO Result
Padma Islami Life Insurance Limited mainly engaged in Ekak Bima, Takaful Bima Prokalpa, Islami Sanchayee Bima Prokalpa, PDPS Prokalpa, Takwah Bima Prokalpa, Baitul Mal Bima Prokalpa, Al-Insuf Bima Prokalpa, Al-Amana Bima Prokalpa Group Insurance (GI), and non- traditional Micro Insurance business.
Subscription Open: January 22, 2012
Subscription Close: January 26, 2012
Subscription period for NRB :January 22, 2012 to February 04, 2012
Authorized Capital :(Tk.) 1,000.00 million
Pre-IPO paid-up Capital :(Tk.) 180.00 million
IPO size in shares :12,000,000
IPO size in Tk.: 120.00 million
Post IPO Paid-up Capital :300.00 million
Face Value per share: Tk. 10.00
Offer Price per share: Tk. 10.00
Market Lot (Shares) :500 Use of IPO Proceeds : The proceeds from the IPO will be used to make partial loan repayment and to meet up the IPO expenses.
NAV per share : The NAV per share of Padma Islami Life Insurance Limited is Tk. 36.26 based on the actuarial valuation report on the financial statements for the year ended on 31-12-2010.
EPS: The EPS of the company is Tk. 2.72 for the year ended on 31-12-2010.
Major Product :Convertible Endowment Assurance, Endowment Assurance, Anticipated Endowment Assurance-3 Stage, Anticipated Endowment Assurance-4 Stage, Child Protection Assurance, Hajj/Omrah Assurance, Marriage/Mohrana Assurance, Biennial Assurance, Single Premium Endowment Assurance, Anticipate Endowment Assurance-5 Stage, Pension Assurance, Group Insurance, Deposit pension Scheme, Premium Refund Term Assurance