DNL IPO: Final initial public offering in 2012

In what is regarded as the final initial public offering (IPO) of the year, colorants, chemicals, and additives maker D&L Industries will issue to the public 1.071 million common shares, to be completed before the end of the year.

Each share is priced at P4.30 and the company expects to receive up to P4.6 billion from the said offering.

The D&L stock will start trading on December 12. The stock code will be DNL.

Company Background

D&L Industries is a family-owned enterprise that started operations in 1963 and incorporated in 1971. It is involved in the manufacturing and distribution of colorants, chemicals and additives used by companies in the plastics, paint, and ink industries. It is owned and controlled by the Lao family.

D&L Industries is a holding firm managing five affiliates and subsidiaries.

It fully owns Oleo-Fats Inc., a company manufacturing specialty food ingredients and specialty fats and oils.

It is also the owner of First in Colours (FiC) Inc., manufacturer of dry colors, masterbatches, color compounds, plastic additives and engineered polymers.

Aero-Pack Inc., also a wholly-owned subsidiary of D&L Industries, customizes aerosol products for home care, personal care, and maintenance chemicals.

It also owns D&L Polymer and Colours, Inc., a manufacturer of compounds for wire harnesses, masterbatches, color compounds, and engineered polymers.

Financial Highlights

In 2011, the company booked revenues of P12.8 billion, a 29% increase from the previous year’s revenues. Its net income in 2011 was P997 million.

Eighty-percent (80%) of D&L’s revenues are contributed by Oleo-Fats Inc. which supplies specialty fats and oil to local companies such as Jollibee Foods Corp., Monde Nissin Corp., San Miguel Corp., Unilever Philippines, Pfizer, Golden Arches (McDonald’s) and Krispy Creme.

First in Colours (FiC) Inc. supplies 18% of the company’s total revenues, while the rest are contributed by the other subsidiaries.

Offer Terms

According to the company, proceeds of the IPO will be used for acquisitions and capital investment, payment of financial obligations, and general corporate purposes.

The offer period will run from November 28 until December 6.

Interested investors may purchase D&L shares prior to the first trading day through their brokers.

Must read these other awesome articles about stock trading!

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

1 thought on “DNL IPO: Final initial public offering in 2012”

Leave a Comment