Published:  12:39 AM, 08 December 2017

Lub-rref IPO road show held

Lub-rref IPO road show held

For the first time in Bangladesh, Lub-rref (Bangladesh) Limited, as a national lube blending company, is going to introduce itself as a public limited company raising funds from the public. As part of it, the company organized a road show on Initial Public Offering (IPO) at Radisson Blu Hotel in Dhaka Tuesday evening.

Lub-rref (Bangladesh) Limited has been introduced by NRB Equity Management Limited as Issue Manager and BetaOne Investment Limited was responsible for register to the issue. The company is considered to be the most trusted and reliable national lubricants manufacturer and supplier of quality lubricants products in the country. The company shall try to establish a loyal and mutually rewarding relationship with customers, employees, associates and shareholders of the company.

Managing Director of Lub-rref (Bangladesh) Limited Mohammed Yousuf expressed his gratitude to the eligible investors to attend the IPO Road Show. Bringing the high-tech green technology to Bangladesh, he said, "Lub-rref (Bangladesh) Limited has adopted modern green technologies for growth and sustainability. They are marketing products under the "BNO Lubricants" Brand. In a very short time Lub-rref (Bangladesh) Limited has been able to secure a good market share.

However, the success was not just limited to the Bangladeshi market, within a very short period, "BNO Lubricants" products are being exported internationally. The industry is changing at great speed towards a better future, adding that he wishes, the government would always stand beside the sector."He also introduced upcoming project of the company which would be materialized soon.

-AA Business Desk

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