The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Shurwid Industries Limited” on Tuesday 1st April 2014 on their 514 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain. In this meeting they have also approved the right offering of Delta Spinners Ltd. to issue two right shares against existing one share at an issue price of Tk 10 for each share, and proceed meet the cost of Balancing, Modernization, Replacement and Expansion (BMRE) for product diversification and for repayment of long-term loan or lease of the Company the press release said.
Company Information, IPO Application Form, Prospectus, and Result are as Under:
COMPANY NAME: Shurwid Industries Ltd. or called SIL is PVC/PVDC film manufacturing company has registered in Registrar of Joint Stock Companies (RJSC) on 26 March 2014. Its trail operation started on 26 April 2008 and commercial production started on 03 May 2008.
As per Co. Web Site, Shurwid Industries Ltd. is the computerized World Class Non-Toxic pharma grade PVC Sheet manufacturing industry using latest European technology and formula. SIL imported raw materials from F.D.A approval from renowned company eg. SOLVAY, ROHM AND HAAS, MITSUI CO. LTD., FINE ORGANICS, Ole Chemical, Kaneka etc are being used for manufacturing the PVC sheet.
PRODUCT: SIL manufactures high barrier PVC blister film for Sensitive Drugs, Food Packing Industries, Blister Pack for tooth Brushes, Garments Accessories, Toys, Electronics and all kind of packing industries. SIL also producing food grade disposable PP/PS/Pvc item like – Water Cup, Lunch Bos, Plate, Biscuit Tray etc.
PRODUCTION CAPACITY: The Production capacity of machines is 1,600MT per annum
QUALITY POLICY: 1. Quality First. 2. Committed to Continuous. 3. Committed to supplying high quality. 4. Ensure competitive price.
MARKETING ASPECT: PVC/PVDC film sheet user is most of the pharmaceuticals industries of Bangladesh like ACI, Alco, Hamdard, Incepta, Apex, Beacon, BIO Pharma, General, Jayson, Modern Medimet, Navana, Noverties Bangladesh, Opsonin, Novista Pharmaceuticals and many more.
ENVIRONMENT POLICY: SIL is committed to maintaining the highest standard of environmental protection and want to ensure the consumer that all actives of SIL are being done without any adverse impact on the environment. SIL also responsible to the Government for protecting the environment the entire employees are well aware of their responsibility and commitment.
VISION: Committed to Quality of excellence.
MISSION: Mainly to contribute to the economic stability and strengthening the economy of Bangladesh.
ADDRESS: Corporate /Main Office: House#3/1, 3rd Floor, Road#8, Dhanmondi, Dhaka-1205, Bangladesh.
Phone: 880-2-9665170, 880-2-9665190
Cell: +8801929996156, +8801929996162
Email ADDRESS: firstname.lastname@example.org
WEB ADDRESS: www.shurwid.com
FACTORY ADDRESS: Bi-Mile, Konabari, Gazipur, Bangladesh.
FACTORY Email ADDRESS: Shurwid.email@example.com
COMPANY EPS & NAV PER SHARE: As per Audited financial statement for the year ended on 30 June 2013, SIL Earning Per Shares (EPS) Tk. 1.09 and re-valued Net Assets Value (NAV) Tk. 14.11 respectively.
ISSUE MANAGER: ICB Capital Management Ltd. working as the manager of the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 01st April 2014. The companies will raise a fund worth Tk.140 million for the purpose of Expansion of Factory Building, Purchase of Machinery, Purchase of Gas Generator, Repayment of bank loan and IPO Expenses meet from IPO Proceeds.
NOS. OF SHARE OFFER: 14,000,000
VALUE OF IPO: Tk. 140,000,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Nil
SHARE LOT: 500
IPO APPLICATION VALUE: Tk. 5,000.-
SHARE ALLOTMENT: 60% General, 20% Affected, 10% NRB and 10% Mutual Fund of the total public offering.
SUBSCRIPTION DATE: The Company’s subscription will start from 8 June 2014 to 12 June 2014 and NRB till 21 June 2014.
IPO FORM DOWNLOAD HEAR:
SHURWID INDUSTRIES LTD. “PROSPECTUS“
LOTTERY RESULT DOWNLOAD HEAR: Result Published
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