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14210 Peace Avenue 19, Sukhbaatar District, 1st khoroo, Ulaanbaatar, Mongolia

Phone number: +976 7010 0261, 976 11 311944
Fax: +976 11 311944
E-mail: info@tdbsecurities.mn
MONGOL BASALT: SUBSCRIPTION OFFERING BEGINS ON MAY 14

MONGOL BASALT: SUBSCRIPTION OFFERING BEGINS ON MAY 14


"Mongol Basalt" closed joint stock company becomes an open joint stock company. The company is offering 30 percent of its shares at MNT 380 to the public. Although the company is offering its shares at MNT 380, the business valuation of a stock is equal to MNT 639. According to the CEO of 'Mongol Basalt' CJSC, the company is offering its shares 40.5 percent less than the fair value of a share. 


As a result 'Mongol Basalt', the producer of Rockwool insulation, is raising MNT 6.4 billion. Of which 50 percent or MNT 3.2 billion will be attracted from strategic investors. However, the Financial Regulatory Commission has stated that the primary market transaction will be considered successful if it sells 100 percent of publicly traded shares. The primary market subscription offering will be held from 14-23 May. MNT 6.4 billion will expand the capacity of production and increase product quality. Therefore, it will open new markets abroad for export.

Source: BloombergTV.mn 


Ticker:
MBW
Additional shares offered at IPO:
16,925,100
IPO share price:
380 MNT
Offer amount:
6,431,538,000 MNT
Subscription offering period:
May 14 – May 23
Account to deposit money:
Account at the Mongolian Securities Clearing House
Lead underwriter:
Bumbat-Altai
Co-underwriter:
Gauli


Standard investment

On May 12, the company is organizing an event to introduce the security at Tuushin Hotel.

The IPO teaser of the company: Mongol Basalt JSC-IPO Teaser.pdf


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