Bangladesh National Insurance Company Limited
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Nature of business
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Bangladesh National Insurance Company Limited (BNICL) is licensed under Insurance Act, 1938 in order to run all types of general insurance business other than life insurance business. Like most of the general insurance companies in the industry, BNICL underwrites risks in fire, marine, motor and miscellaneous business areas.
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Reason for IPO
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Investment in FDR & Treasury Bond
172,466,000 (97.44%)
To meet up IPO expenses
4,534,000 (2.56%)
Total
177,000,000 (100%)
Total 177,000,000 (100%)
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Subscription open
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17 Feb 2016
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Subscription close
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25 Feb 2016
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Subscription close for NRB
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17 Feb 2016
to 25 Feb 2016
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Offer price
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Tk. 10.0
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Face value per share
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Tk. 10.0
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Market lot
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500 units
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Single lot price
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Tk. 5000.0
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EPS
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Tk. 4.17 for the period ended on July 31, 2014 (Q2)
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NAV
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Tk. 15.65 as at July 31, 2014
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Public offer
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Major product
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Bangladesh National Insurance Company Limited is carrying out the following types of insurance/reinsurance business:
1. Fire Insurance Business
2. Marine Insurance Business (both cargo and hull insurance)
3. Motor Insurance Business and
4. Miscellaneous Insurance Business
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Issue Manager
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Prime Finance Capital Management Limited
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Website
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www.bniclimited.com
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