RAK CERAMICS BANGLADESH IPO DETAILS

RAK CERAMICS BANGLADESH STARTS IN TRADE IN SHARE MARKET

noreply@blogger.com (Unknown) — Sun, 13 Jun 2010 10:24:00 +0000

DSE NEWS: The Stock Brokers and Merchant Bankers are requested not to provide loan facilities to purchase securities of RAK Ceramics (Bangladesh) Ltd, in between 1st to 30th trading day after listing of the said securities i.e. starting from 13.06.2010 as per SEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009 and SEC Order No. SEC/CMRRCD/2001-50/167 dated October 01, 2009 respectively.

Expire Date:

2010-06-13

Symbol:	RAKCERAMIC
News:	DSE NEWS: All the Hon'ble members are requested to trade (in case of general client's sale for RAK Ceramics (Bangladesh) Ltd. only one market lot for each client's account. Any trade beyond the market lot may invoke penalty.
Expire Date:	2010-06-13

Symbol:	RAKCERAMIC
News:	(Repeat): As per audited accounts as on 31.12.09, the Company has reported net profit after tax of Tk. 340.05 million with EPS of Tk. 1.83 (based on Pre-IPO paid-up shares) as against Tk. 286.40 million and Tk. 1.54 respectively as on 31.12.08.
Expire Date:	2010-06-13

Symbol:	RAKCERAMIC
News:	(Repeat): As per audited accounts for the 1st quarter ended on 31st March 2010 (Jan'10 to Mar'10), the company has reported net profit after tax of Tk. 139.89 million with EPS of Tk. 0.72 (based on Pre-IPO paid-up shares) as against Tk. 48.94 million and Tk. 0.25 respectively for the same period of the previous year.
Expire Date:	2010-06-13

Distribution of Refund Warrant of RAK Ceramics BD Ltd.

noreply@blogger.com (Unknown) — Wed, 26 May 2010 08:47:00 +0000

Distribution Schedule (English)

IPO RESULT OF RAK CERAMICS BANGLADESH IS HERE..JUST CLICK AND DOWNLOAD

noreply@blogger.com (Unknown) — Mon, 24 May 2010 10:01:00 +0000

Rak Ceramics announced IPO Lottery Date

noreply@blogger.com (Unknown) — Mon, 24 May 2010 04:58:00 +0000

Bank and Branch Code

noreply@blogger.com (Unknown) — Fri, 21 May 2010 11:32:00 +0000

RAK Bank Branch Code...

RAK Ceramics IPO result will be published soon

noreply@blogger.com (Unknown) — Fri, 21 May 2010 11:32:00 +0000

The IPO draw of RAK CERAMICS (BANGLADESH) will be held on 24 May,2010. The approval of publication of results or holding the draw is under the decision of SEC. If SEC gives consent to held the draw then the result will be published on 24 May, 2010.The details results will be available in this page after the publication of results.	Bank Branch Code
	General Public (Other than NRB)
	NRB
	Mutual Fund
	Result with Name
	Refund Warrant distribution

Application forms in JPEG formats

noreply@blogger.com (Unknown) — Thu, 22 Apr 2010 04:14:00 +0000

RB FORM DOWNLOAD LINK IN JPEG FORMAT
NRB FORM DOWNLOAD LINK IN JPEG FORMAT
BANK LIST

ALL ABOVE IN JPEG FORMAT

Bank Lists for submitting application form for RAK Ceramics Bangladesh :

noreply@blogger.com (Unknown) — Thu, 22 Apr 2010 04:01:00 +0000

Investment Corporation of Bangladesh
Head Office, Dhaka
Chittagong Br. Chittagong
Khulna Br. Khulna
Sylhet Br. Sylhet
Local Office, Dhaka
Rajshahi Br. Rajshahi
Barisal Br. Barisal
Bogra Br. Bogra

Uttara Bank Limited
Corporate Br. Dhaka
Narayanganj Br. N’ganj
Sir Iqbal Road Br. Khulna
Kustia Br. Kustia
Local Office Br. Dhaka
Sylhet Br. Sylhet
Bogra Br. Bogra
Tangail Br. Tangai
Gulshan Br. Dhaka
Agrabad Br. Chittagong
Rangpur Br. Rangpur
Pabna Br. Pabna
Kawran Bazatr Br. Dhaka
Comilla Br. Comilla
Dinajpur Br. Dinajpur
Cox’s Bazar BrCox’s Bazar
Sat Masjid Road Br.Dhaka
Mymensing Br. Mymensing
Barisal Br. Barisal
Faridpur Br. Faridpur
Pallabi Br. Dhaka
Jessore Br. Jessore
Shaheb Bazar Br. Rajshahi
Dhaka Bank Limited
Local Office, Dhaka
Islampur Br. Dhaka
Aminbazar Br. Dhaka
Agrabad Br. Chittagong
Uttara Br. Dhaka
Foreign Ex. Br. Dhaka
Islami Banking Br. Dhaka
Jubilee Road Br.Chittagong
Bangshal Br. Dhaka
Dhanmondi Br. Dhaka
Narayanganj Br. N’ganj
Khatunganj Br. Chittagong
Imamgonj Br.Dhaka
Karwanbazar Br. Dhaka
Laldighirpar Br. Sylhet
Cox’s Bazar BrCox’s Bazar
Standard Chartered Bank
Motijheel Br. Dhaka
Nasirabad Br. Chittagong
Khulna Br. Khulna
Sylhet Br. Sylhet
Mirpur Br. Dhaka
Agrabad Br. Chittagong B
Bogra Br. Bogra
Trust Bank Limited
Principal Br. Dhaka
Mirpur Br.Dhaka
Narayanganj Br. N’Ganj
Naval Base Br. Chittagong
SKB Br. Dhaka
Uttara Corp. Br. Dhaka
CDA Avenue Br.Chittagong
Sylhet Corp. Br. Sylhet
Dhanmondi Br. Dhaka
Millenium Corp. Br. Dhaka
Agrabad Br. Chittagong
Uposhahar Br. Sylhet
Gulshan Corp. Br. Dhaka
Karwan Bazar Br.Dhaka
Jubilee Road Br.Chittagong
Khulna Br. Khulna
Dilkusha Corp. Br. Dhaka
Kafrul Br. Dhaka
Khatunganj Br. Chittagong
Feni Br. Feni
Citibank N.A.
Motijheel Br. Dhaka
Dhanmondi Br. Dhaka
Gulshan Br. Dhaka
Utara Br.Dhaka
Agrabad Br. Chittagong

HSBC
Motijheel Br. Dhaka

National Bank Limited
Dilkusha Br. Dhaka
Mohakhali Br. Dhaka
Gazipur Br. Gazipur
Anderkillah Br. Chittagong
Bangshal Road Br. Dhaka
Malibagh Br. Dhaka
Tangail Br. Tangail
Chowmuhani Br. Noakhali
Babubazar Br. Dhaka
Mirpur Br. Dhaka
Narayanganj Br. N’ganj
Faridpur Br. Faridpur
Elephant Road Br. Dhaka
ZHSikdar College Br.Dhaka
Paglabazar Br. N’ganj
Sylhet Br. Sylhet
Foreign Ex. Br. Dhaka
Islampur Br. Dhaka
Narsingdi Br. Narsingdi
Feni Br. Feni
Gulshan Br. Dhaka
Uttara Br. Dhaka
Comilla Br. Comilla
Khulna Br. Khulna
Imamganj Br. Dhaka
North Brook Hall Br. Dhaka
Agrabad Br. Chittagong
Rangpur Br. Rangpur
Dhanmondi Br. Dhaka
Lake Circus Br. Dhaka
Khatunganj Br. Chittagong
Bogra Br. Bogra
Kawran Bazar Br. Dhaka
Mohammadpur Br. Dhaka
Jubilee Road Br.Chittagong
Rajshahi Br.Rajshahi
Motijheel Br. Dhaka
Pragati Sarani Br. Dhaka
Chawkbazar Br Chittagong
Barisal Br. Barisal
Banani Br. Dhaka
Jatrabari Br. Dhaka
Pahartali Br. Chittagong
New Eskaton Br. Dhaka
Savar Bazar Br. Dhaka
Sk Mujib Rd. Br.Chittagong
Southeast Bank
Principal Br. Dhaka
Motijheel Br. Dhaka
Jubilee Road Br.Chittagong
Laldighirpar Br. Sylhet
Corporate Br. Dhaka
Gulshan Br. Dhaka
Halishahar Br. Chittagong
Chouhatta Br. Sylhet
Dhanmondi Br. Dhaka
Kakrail Br. Dhaka
Agrabad Br. Chittagong
Pathantula Br. Sylhet
Uttara Br. Dhaka
Bangshal Br. Dhaka
Pahartali Br. Chittagong

Bank Asia Limited
Principal office Br. Dhaka
Mitford Br. Dhaka
Sylhet Main Br. Sylhet
Anderkilla Br. Chittagong
MCB Dilkusha Br. Dhaka
North South Rd Br. Dhaka
Uposhahar Br. Sylhet
Bogra Br. Bogra
Corporate Br. Dhaka
Dhanmondi Br. Dhaka
Agrabad Br. Chittagong
Jessore Br. Jessore
Scotia Br. Dhaka
Bashundhara Br. Dhaka
Khatunganj Br. Chittagong
Rajshahi Br. Rajshahi
Gulshan Br. Dhaka
Mohakhali Br. Dhaka
SK Mujib Rd Br Chittagong
Khulna Br. Khulna
MCB Banani Br. Dhaka
Mirpur Br. Dhaka
CDA Avenue Br.Chittagong
Uttara Br. Dhaka
Shantinagar Br. Dhaka
Station Rd Br. Chittagong
Dutch-Bangla Bank Ltd
Local Office, Dhaka
Savar Bazar Br. Dhaka
Sylhet Br. Sylhet
Pabna Br. Pabna
Foreign Ex. Br. Dhaka
Bashundhara Br. Dhaka
Biswanath Br. Sylhet
Rajshahi Br. Rajshahi
Nababpur Br. Dhaka
Ring Road Br. Dhaka
Golapgonj Br. Sylhet
Mymensing Br. Mymensing
Banani Br. Dhaka
Bandura br. Dhaka
Goala Bazar Br. Sylhet
Chhatak Br. Sunamganj
Kawran Bazar Br. Dhaka
Mirpur Circle 10 Br.Dhaka
Beani Bazar Br. Sylhet
Shajadpur Br. Sirajganj
Shantinagr Br. Dhaka
Satmosjid Road Br. Dhaka
Moulavi Bazar Br. M’Bazar
Feni Br. Feni
Dhanmondi Br. Dhaka
Agrabad Br. Chittagong
Sremangal Br. M’Bazar
Choumuhani Br. Feni
Mohakhali Br. Dhaka
Patherhat Br. Chittagong
Board Bazar Br. Gazipur
Sonagazi Br. Feni
Gulshan Br. Dhaka
Hathazari Br. Chittagong
Chowrasta Br. Gazipur
Basurhat br. Noakhali
Mirpur Br. Dhaka
CDA Avenue Br.Chittagong
Konabary Br. Gazipur
Narayanganj Br. N’Ganj
Uttara Br. Dhaka
Muradpur Br. Chittagong
Khulna Br. Khulna
B.B. Road Br. Narayanganj
Islampur Br. Dhaka
Jubilee Rd Br. Chittagong
Barisal Br. Barisal
Netaiganj Br. Narayanganj
Dania Br.Dhaka
Kadamtali Br. Chittagong
Bogra Br. Bogra
Simrail Br. Narayanganj
Dhaka EPZ Br. Dhaka
Lohagara Br. Chittagong
Manikgonj Br. Manikgonj
Narsingdi Br, Narsingdi
Elephant Road Br. Dhaka
Fatikchari Br. Chittagong
Rangpur Br. Rangpur
Baburhat Br. Narsindi
Joypara Br. Dhaka
Khatunganj Br. Chittagong
Jessore Br. Jessore
Mirzapur Br. Tangail
Naya Bazar Br. Dhaka
Halishhar Br. Chittagong
Saidpur Br. Nilphamary
Comilla Br. Comilla
Imamgonj Br. Dhaka
Cox’s Bazar Br.Cox’sBazar
Kushtia Br. Kushtia
--------------------------------------------------------

Kushtia Br. KushtiaCox’s Bazar Br.Cox’sBazar Imamgonj Br. Dhaka Comilla Br. ComillaSaidpur Br. Nilphamary Halishhar Br. Chittagong Naya Bazar Br. Dhaka Mirzapur Br. TangailJessore Br. Jessore Khatunganj Br. Chittagong Joypara Br. Dhaka Baburhat Br. NarsindiRangpur Br. Rangpur Fatikchari Br. Chittagong Elephant Road Br. Dhaka Narsingdi Br, NarsingdiManikgonj Br. Manikgonj Lohagara Br. Chittagong Dhaka EPZ Br. Dhaka Simrail Br. NarayanganjBogra Br. Bogra Kadamtali Br. Chittagong Dania Br.Dhaka Netaiganj Br. NarayanganjBarisal Br. Barisal Jubilee Rd Br. Chittagong Islampur Br. Dhaka B.B. Road Br. NarayanganjKhulna Br. Khulna Muradpur Br. Chittagong Uttara Br. Dhaka Narayanganj Br. N’GanjKonabary Br. Gazipur CDA Avenue Br.Chittagong Mirpur Br. Dhaka Basurhat br. NoakhaliChowrasta Br. Gazipur Hathazari Br. Chittagong Gulshan Br. Dhaka Sonagazi Br. FeniBoard Bazar Br. Gazipur Patherhat Br. Chittagong Mohakhali Br. Dhaka Choumuhani Br. FeniSremangal Br. M’Bazar Agrabad Br. Chittagong Dhanmondi Br. Dhaka Feni Br. FeniMoulavi Bazar Br. M’Bazar Satmosjid Road Br. Dhaka Shantinagr Br. Dhaka Shajadpur Br. SirajganjBeani Bazar Br. Sylhet Mirpur Circle 10 Br.Dhaka Kawran Bazar Br. Dhaka Chhatak Br. SunamganjGoala Bazar Br. Sylhet Bandura br. Dhaka Banani Br. Dhaka Mymensing Br. MymensingGolapgonj Br. Sylhet Ring Road Br. Dhaka Nababpur Br. Dhaka Rajshahi Br. RajshahiBiswanath Br. Sylhet Bashundhara Br. Dhaka Foreign Ex. Br. Dhaka Pabna Br. PabnaSylhet Br. Sylhet Savar Bazar Br. Dhaka Local Office, Dhaka Dutch-Bangla Bank LtdStation Rd Br. ChittagongShantinagar Br. Dhaka Uttara Br. Dhaka CDA Avenue Br.ChittagongMirpur Br. Dhaka MCB Banani Br. Dhaka Khulna Br. KhulnaSK Mujib Rd Br Chittagong Mohakhali Br. Dhaka Gulshan Br. Dhaka Rajshahi Br. RajshahiKhatunganj Br. Chittagong Bashundhara Br. Dhaka Scotia Br. Dhaka Jessore Br. JessoreAgrabad Br. Chittagong Dhanmondi Br. Dhaka Corporate Br. Dhaka Bogra Br. BograUposhahar Br. Sylhet North South Rd Br. Dhaka MCB Dilkusha Br. Dhaka Anderkilla Br. ChittagongSylhet Main Br. Sylhet Mitford Br. Dhaka Principal office Br. Dhaka Bank Asia LimitedPahartali Br. ChittagongBangshal Br. Dhaka Uttara Br. Dhaka Pathantula Br. SylhetAgrabad Br. Chittagong Kakrail Br. Dhaka Dhanmondi Br. Dhaka Chouhatta Br. SylhetHalishahar Br. Chittagong Gulshan Br. Dhaka Corporate Br. Dhaka Laldighirpar Br. SylhetJubilee Road Br.Chittagong Motijheel Br. Dhaka Principal Br. Dhaka Southeast BankSk Mujib Rd. Br.ChittagongSavar Bazar Br. Dhaka New Eskaton Br. Dhaka Pahartali Br. ChittagongJatrabari Br. Dhaka Banani Br. Dhaka Barisal Br. BarisalChawkbazar Br Chittagong Pragati Sarani Br. Dhaka Motijheel Br. Dhaka Rajshahi Br.RajshahiJubilee Road Br.Chittagong Mohammadpur Br. Dhaka Kawran Bazar Br. Dhaka Bogra Br. BograKhatunganj Br. Chittagong Lake Circus Br. Dhaka Dhanmondi Br. Dhaka Rangpur Br. RangpurAgrabad Br. Chittagong North Brook Hall Br. Dhaka Imamganj Br. Dhaka Khulna Br. KhulnaComilla Br. Comilla Uttara Br. Dhaka Gulshan Br. Dhaka Feni Br. FeniNarsingdi Br. Narsingdi Islampur Br. Dhaka Foreign Ex. Br. Dhaka Sylhet Br. SylhetPaglabazar Br. N’ganj ZHSikdar College Br.Dhaka Elephant Road Br. Dhaka Faridpur Br. FaridpurNarayanganj Br. N’ganj Mirpur Br. Dhaka Babubazar Br. Dhaka Chowmuhani Br. NoakhaliTangail Br. Tangail Malibagh Br. Dhaka Bangshal Road Br. Dhaka Anderkillah Br. ChittagongGazipur Br. Gazipur Mohakhali Br. Dhaka Dilkusha Br. Dhaka National Bank LimitedMotijheel Br. DhakaHSBCAgrabad Br. ChittagongUtara Br.DhakaGulshan Br. Dhaka Dhanmondi Br. Dhaka Motijheel Br. Dhaka Citibank N.A.Feni Br. FeniKhatunganj Br. Chittagong Kafrul Br. Dhaka Dilkusha Corp. Br. Dhaka Khulna Br. KhulnaJubilee Road Br.Chittagong Karwan Bazar Br.Dhaka Gulshan Corp. Br. Dhaka Uposhahar Br. SylhetAgrabad Br. Chittagong Millenium Corp. Br. Dhaka Dhanmondi Br. Dhaka Sylhet Corp. Br. SylhetCDA Avenue Br.Chittagong Uttara Corp. Br. Dhaka SKB Br. Dhaka Naval Base Br. ChittagongNarayanganj Br. N’Ganj Mirpur Br.Dhaka Principal Br. Dhaka Trust Bank LimitedBogra Br. BograAgrabad Br. Chittagong B Mirpur Br. Dhaka Sylhet Br. SylhetKhulna Br. Khulna Nasirabad Br. Chittagong Motijheel Br. Dhaka Standard Chartered BankCox’s Bazar BrCox’s BazarLaldighirpar Br. Sylhet Karwanbazar Br. Dhaka Imamgonj Br.Dhaka Khatunganj Br. ChittagongNarayanganj Br. N’ganj Dhanmondi Br. Dhaka Bangshal Br. Dhaka Jubilee Road Br.ChittagongIslami Banking Br. Dhaka Foreign Ex. Br. Dhaka Uttara Br. Dhaka Agrabad Br. ChittagongAminbazar Br. Dhaka Islampur Br. Dhaka Local Office, Dhaka Dhaka Bank LimitedShaheb Bazar Br. RajshahiJessore Br. Jessore Pallabi Br. Dhaka Faridpur Br. FaridpurBarisal Br. Barisal Mymensing Br. Mymensing Sat Masjid Road Br.Dhaka Cox’s Bazar BrCox’s BazarDinajpur Br. Dinajpur Comilla Br. Comilla Kawran Bazatr Br. Dhaka Pabna Br. PabnaRangpur Br. Rangpur Agrabad Br. Chittagong Gulshan Br. Dhaka Tangail Br. TangaiBogra Br. Bogra Sylhet Br. Sylhet Local Office Br. Dhaka Kustia Br. KustiaSir Iqbal Road Br. Khulna Narayanganj Br. N’ganj Corporate Br. Dhaka Uttara Bank LimitedBogra Br. BograBarisal Br. Barisal Rajshahi Br. Rajshahi Local Office, Dhaka Sylhet Br. SylhetKhulna Br. Khulna Chittagong Br. Chittagong Head Office, Dhaka BangladeshInvestment Corporation of

Application Procedure for NRB Applicant for RAK CERAMICS

noreply@blogger.com (Unknown) — Thu, 22 Apr 2010 03:51:00 +0000

Download Link is

Application Procedure for NRB Applicant : RAKCeramics Bangladesh

noreply@blogger.com (Unknown) — Wed, 21 Apr 2010 20:29:00 +0000

RAK Ceramics have posted a guideline for Non Resident Bangladeshi Applicants for a correct application procedure. This is

APPLCIATION PROCEDURER FOR NRB

Application forms of RAK CERAMICS BANGLADESH share is available here.

noreply@blogger.com (Unknown) — Wed, 21 Apr 2010 20:24:00 +0000

Here, I have linked application forms of RAKCBD ipo forms. just click and save it..

GENERAL PUBLIC

NRB FORMS

all above are collected from RAK web and all are pdf version. I will try to upload word version and possible jpeg formats.

Moreover i will upload bank lists for submission these forms.

Prospectus of RAK CERAMICS BANGLADESH is available here

noreply@blogger.com (Unknown) — Wed, 21 Apr 2010 20:19:00 +0000

PROSPECTUS submitted in different times for RAK CERAMICS BANGLADESH for IPO purpose as follows :-

FULL PROSPECTUS

AMENDMENT PROSPECTUS

ABRIDGED PROSPECTUS

For Downloading results and forms keep in touch and follow this blog.

Offer Quota for Investors to apply for RAK ceramics BD Ltd.

noreply@blogger.com (Unknown) — Wed, 21 Apr 2010 20:11:00 +0000

Following are quote for different categories for IPO for RAK Ceramics Bangladesh.

Eligible Institutional Investors (EII) Quota : 20% of public offer (6,902,000 ordinary shares)
Mutual Fund Quota : 10% of public offer (3,451,000 ordinary shares)
NRB Quota : 10% of public offer (3,451,000 ordinary shares)
Public Quota : 60% of public offer (20,706,000 ordinary shares)

RAK CERAMICS BANGLADESH LAUNCHES ITS IPO IN BANGLADESH SHARE MARKET

noreply@blogger.com (Unknown) — Wed, 21 Apr 2010 20:02:00 +0000

RAK CERAMICS is Bangladesh's a big ceramics factory established joint ventured with Middle Eastern partners and they are stepping their business in Bangladesh Share Market. As per their procedure, they started as follows[all info collected from there site] :
NOTICE OF INSTITUTIONAL BIDDING FOR PRICE DISCOVERY

This is for kind information of all concerned that the Securities and Exchange Commission (SEC) has given consent vide letter Ref: SEC/CI/IPO-113/2009/346 dated February 10, 2010 to commence bidding by the Eligible Institutional Investors (EII) for price iscovery of further issue of 34,510,000 ordinary shares of RAK Ceramics (Bangladesh) Limited through public offer under book building method. For participating into the bidding, please visit www.bbsbangladesh.com. The offering summary and detail of bidding relating to price discovery of RAK Ceramics (Bangladesh) Limited are as follows:

OFFERING SUMMARY:

Public Offer	: 34,510,000 Ordinary shares
Face Value	: Tk. 10/- each share
Indicative Price	: Tk. 40/- each share, including a premium of Tk. 30/- per share
Price Band for Bidding	: Upward & Downward band of 20% of indicative Price (i.e. Tk. 48/- to Tk. 32/-)
Eligible Institutional Investors (EII) Quota	: 20% of public offer (6,902,000 Ordinary shares)

DETAIL OF BIDDING:
Bidding Period	: March 01, 2010 at 11:00 am to March 03, 2010 at 4:00 pm
Time of Bidding	: Periodic (Round the clock)
Registration Period	: February 23, 2010 at 10:00 am to February 28, 2010 at 2:00 pm
Period for Depositing Bidding Money	: February 25, 2010 at 10:00 am to March 03, 2010 at 3:00 pm
Mode of Payment	: Pay Order/B.B.Cheques/Cash/Electronic Transfer
Bank Detail for depositing bidding money	:
a) Bank Name	: Dutch-Bangla Bank Limited
b) Account Name	: M/S. RAK Ceramics EII Escrow Account
c) Account Number	: 0117110000012823
d) Branch Name	: 1) Local Office, 01 Dilkusha C/A, Dhaka-1000 2) Gulshan Branch, Plot No. 6, Block-CES (F), 72 Gulshan Avenue, Dhaka-1212 3) Agrabad Branch, 75 Agrabad C/A (Ground Floor) Chittagong-4100 (EII are eligible for bidding against cleared funds only)
Lock in Period for EII	: 15 trading days from the first trading day

All Eligible Institutional Investors (EII) [as per Securities and Exchange Commission (Public Issue) Rules, 2006)] are requested to participate in the bidding for price discovery of RAK Ceramics (Bangladesh) Limited. Prospectus for bidding is also available on the website of SEC (www.secbd.org), DSE (www.dsebd.org), CSE (www.cse.com.bd), Issuer (www.rakcerambd.com), Issue Managers (www.idlc.com & www.bracepl.com) and Registrar to the Issue (www.primefinance.net). For RAK Ceramics (Bangladesh) Limited (Muhammad Shahidul Islam ACS) Assistant Company Secretary

Date : 17 November 2009

RAK Ceramics (Bangladesh) Limited will make debut on the stock market as early as possible through Book Building method. But the indication price of its shares is yet to be fixed, the source said.
According to the rules of Book Building method, the company will fix the indication price of its shares through Road Show and seminars on the basis of its qualitative and quantitative items. And the price must be consistent with fundamentals.
One of the SEC members said that the indication price of the RAK Ceramics will be fixed through fixed price rule, which is noted in the Gazette as 16(b). But 16(b) is not applicable in case of Book Building method, the source said.
The greater part of the SEC body including the chairman expressed the opinion to fix the indication price of the RAK Ceramics' shares as per the existing rule of the Book Building method.
Even IDLC Finance, the issuer and Equity partner of the RAK Ceramics is ready to fulfill the SEC's asking requirements, the source added.
The source also said, the proceedings of the RAK Ceramics' approval is going ahead in spite of one member opposes in case of fixing the indication price. According to one high official of the SEC, they cannot go beyond the existing rules at any cost.
RAK Ceramics will issue 30 million shares and each share will have a face value of Tk 10 and premium Tk 30. The indication price of its shares is of Tk 40 (proposed) and the company's paid up capital is Tk 1.86 billion.

R:F : The Financial Express

Dated : 17 November 2009

Published On: 2009-12-25

RAK Ceramics takes on first IPO under book building

Date : 25 December 2009

RAK Ceramics, a Bangladesh-UAE joint venture, is going to be the first to offer primary shares using the book building method, a modern pricing mechanism for initial public offering (IPO).

The Securities and Exchange Commission, the market regulator, gave the green light to RAK at a meeting on Wednesday, officials said.

The tiles and sanitary-ware maker will float three crore ordinary shares worth Tk 10 each in face value under the book-building method.

An indicative price for each RAK share has already been built at Tk 40 through bidding by seven institutions from four sectors.

Now in the price discovery phase, bidders cannot quote 20 percent more or less than the indicative price, meaning they will have to offer between Tk 32 and Tk 48 for each share. Fixing the indicative price is required to obtain regulatory approval.

Prime Bank, Southeast Bank and IFIC Bank joined the indicative price bidding from the banking sector. Prime Finance and Lanka Bangla Finance participated in it as non-bank financial institutions, Mercantile Insurance as an insurance sector company and Royal Green Securities as a brokerage house.

“We will start work for price discovery after receiving written approval from SEC. We hope to complete the work by January,” Arif Khan, chief executive officer and managing director (current charge) of IDLC Finance, told The Daily Star.

IDLC Finance is the lead issue manager of the RAK Ceramic IPO, while BRAC-EPL is the co-issue manager.

The institutions will not be allowed to sell shares in the first 15 trading days under the lock-in system.

RAK's paid-up capital is Tk 195 core. As of June 30, the company's net asset value was Tk 18 a share and earnings per share were Tk 1.99.

Foreign entrepreneurs own 90 percent of the company, while local entrepreneurs own the remainder, but local ownership will become 20 percent after the IPO.

RAK started business in Bangladesh in 2001. Presently, the company holds around 80 percent market share in the sanitary-ware market and around 35 percent in the ceramics market.

PRICE DISCOVERY

The book building mechanism, a widely practiced price fixing mechanism for IPO, was introduced in March, aiming to encourage private-sector entrepreneurs to list their large and profitable companies on bourses at fair prices.

In line with the book building mechanism, institutions bid for shares through which the price is discovered. A weighted average price is fixed based on the highest and lowest price and shares are allotted for institutions at the weighted average price. The lowest price is considered a cut-off price for public offers or general investors.
( Source : The Daily Star)

Finally they have setup Book Building system to launch their IPO program. After all the process the price is set up Taka. 48.00 per share and they have decorated with 200 shares in a market lot.

You will get forms, prospectus and results on this IPO in this blog. Please keep in touch