Premier Cement Mills Limited and Sunlife insurance company

StockNewsBD.com / 12 September — Regulatory organization Security and Exchange Commission (SEC) approved Initial Public Offer (IPO) of two company from cement and insurance sector.SEC approved the IPO of both company on a regular meeting of SEC on Wednesday.In a press release of SEC today it said, Sunlife Insurance Company Limited will collect 12 crore taka from the capital market by offering 1 crore 20 lac shares of the company.Based on the audited accounts of the company for the year 2010, earning per share of the company was taka 6.54.Banko Finance and Investment is the issue manager of the company.Another company that got IPO approved by SEC is Premier Cement Mills Limited.Premier Cement Mills Limited will collect 26 crore 40 lac taka from the capital market by offering 1 crore 20 lac shares of the company.Each share of this company will be issued at taka 22 with premier of taka12.Based on the audited accounts of the company for the year 2010-2011, earning per share of the company was taka 4.05.Alliance Financial Services Limted is the issue manager of the company.                                                    —- Sumon Khan, Chief Editor.