Lovello to go public | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 10, 2025
Lovello to go public

Stocks

Salah Uddin Mahmud
03 June, 2020, 10:15 pm
Last modified: 03 June, 2020, 10:22 pm

Related News

  • Lovello's capital machinery import delayed over hurdle in LC opening
  • Lovello’s lottery draw held today
  • Lovello Ice Cream’s IPO subscription begins 3 January
  • Lovello gets BSEC nod to raise Tk30cr through IPO

Lovello to go public

Taufika Foods and Agro Industries, the owning company of the ice-cream brand, wants to raise Tk30 crore from stock market through its initial public offering

Salah Uddin Mahmud
03 June, 2020, 10:15 pm
Last modified: 03 June, 2020, 10:22 pm
Lovello to go public

Lovello Ice-cream of Taufika Foods and Agro Industries Limited wants to raise a fund from the stock market through initial public offering (IPO) for business expansion.

Meanwhile, the company has applied to the Bangladesh Securities Exchange Commission (BSEC) for raising Tk30 crore by issuing three crore ordinary shares with Tk10 face value.

Of these, the company allocates Tk9.04 crore for the acquisition of a plant and purchasing machinery, Tk5.78 crore for freezer purchase, Tk2.06 crore for vehicles purchase, Tk1.32 crore for investment in the depot to increase its capacity and Tk9 crore for the repayment of bank loans.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the last audited report, the company's net profit was Tk6.16 crore, which was Tk4.25 crore in the previous year.

But in the first quarter of this fiscal year, the company's net profit was Tk2.99 crore, which was Tk1.40 crore in the same period of the previous year.

Last year the company's net revenue was Tk92.29 crore, an increase by 18.47 percent from that of the previous year.

During the year, its earnings per share were Tk10.05, up from Tk7.87 in the previous year.

The net asset value (NAV) per share of the company has been Tk64.91.

According to the first-quarter report, the company's term loan was Tk61.23 crore, lease loan Tk25.93 crore and short-term loan Tk13.07 crore.

AKM Zakaria Hossain, company's secretary of Taufika Foods and Agro Industries, told The Business standard, "The demands of our products (Lovello Ice-cream) are increasing day by day because of its quality."

"Our market share is almost 15 percent in the ice-cream industry. Of this, 50 percent sales are included in Dhaka division," he added.

The company was incorporated in Bangladesh in August 2011, and started its commercial operation on January 2, 2016.

The company is an Ice-cream manufacturer and supplier in Bangladesh.

The company's authorised capital was Tk100 crore and paid-up capital was Tk55 crore.

Ice-cream is a fast-growing industry in Bangladesh, which is growing at 15 percent per year.

The overall worth of the ice cream market in the country is Tk1,200 crore.

Igloo and Polar are the two established names in the industry, holding two-thirds – 66 percent – of the market share.

Currently, Igloo is the market leader, and holds 38 percent of the market share.

Economy / Top News

Lovello Ice-cream

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Council of Advisers' meeting on Thursday (10 July). Photo: CA Press Wing
    Govt cancels 'Sir' address directive from Hasina's rule
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    Lowest SSC pass rate in 17 years as over 6 lakh students fail
  • No final consensus yet on CJ appointment from senior-most judges: Salahuddin
    No final consensus yet on CJ appointment from senior-most judges: Salahuddin

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
    Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Audit reports of most banks contain cooked up data: BB governor
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • CA orders law enforcers to complete all election preparations by December
    CA orders law enforcers to complete all election preparations by December

Related News

  • Lovello's capital machinery import delayed over hurdle in LC opening
  • Lovello’s lottery draw held today
  • Lovello Ice Cream’s IPO subscription begins 3 January
  • Lovello gets BSEC nod to raise Tk30cr through IPO

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

1h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

4h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered- have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

4h | Panorama
Women are forced to fish in saline waters every day, risking their health to provide for their families. Photo: TBS

How Mongla’s women are bearing the brunt of rising salinity

1d | Panorama

More Videos from TBS

Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

54m | TBS Today
July Declaration must be constitutionally recognized: Akhtar Hossain

July Declaration must be constitutionally recognized: Akhtar Hossain

24m | TBS Today
We want to recognize the July Uprising on a national level: Salahuddin Ahmed

We want to recognize the July Uprising on a national level: Salahuddin Ahmed

39m | TBS Today
July-August mass uprising: Rakib explains Chatradal's role in Jatrabari

July-August mass uprising: Rakib explains Chatradal's role in Jatrabari

1h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net