KDS Accessories Limited's IPO lottery held

10 Sep 2015

The Initial Public Offering (IPO) lottery of KDS Accessories Ltd (KDSALTD) was held Thursday, 10 September, 2015 for allocating 12 million shares among the successful investors. The lottery was held at the Banquet Hall, Chittagong Club Limited, Chittagong starting at 10.00 am conducted by Department of Electrical and Electronic Engineering, BUET. The IPO result will be available on the websites of Bangladesh Securities & Exchange Commission (BSEC), Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), KDS Accessories Ltd. (KDSALTD) and Alliance Financial Services Ltd.-the issue manager.

Application for share of KDS Accessories Ltd was subscribed by 34.55 times. Out of a total of 12 million IPO shares with 250 shares per lot, general investors got 60 per cent (28,800 lots), affected small investors 20 per cent (9,600 lots), mutual fund 10 per cent (4,800 lots) and Non-Resident Bangladeshi 10 per cent (4,800 lots).

KDS Accessories Ltd, a concern of KDS Group, floated 12 million ordinary shares worth Tk 10 each at an offer price of Tk. 20, including Tk. 10 as premium.

Mr. Khaliur Rahman -Director, Mr. Salim Rahman -Managing Director and Mr. Debasis Daspal -CEO, CFO & Company Secretary of KDS Accessories Ltd. and the representative of Issue Manager, DSE, CSE and Central Depository Bangladesh Ltd (CDBL), Post-Issue manager were present among others at the lottery program.

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