UPDATE: SS Steel Ltd. Subscription will start from 28 October 2018 and continue to 7 November 2018.
The Bangladesh Securities Exchange Commission (BSEC) approved IPO SS Steel Limited on Tuesday, 17 July 2018 at their 651 nos Board Meeting. Presided over by BSEC Chairman Prof. Dr. M Khairul Hossain to issue 2.50 crore ordinary shares worth Tk 10 each. Company Information, IPO Application Form, Prospectus & Result is given below:
Company Name: SS Steel Limited. (Hereinafter referred to as “STL”)
Incorporation: The Company was incorporated on 22 December 2001 as a private limited Company and was subsequently converted into a public limited company on 15 December 2016.
Commercial Operation: SS Steel Limited was started commercial operation on 22 December 2001.
Authorized Capital: Tk. 2,500,000,000 divided into 250,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (Before IPO): Tk. 2,200,000,000 divided into 220,000,000 ordinary shares of Tk. 10.00 each
Paid Up Capital (After IPO): Tk. 2,450,000,000 divided into 245,000,000 ordinary shares of Tk. 10.00 each
Management Body: 1) Mr. Javed Opgenhaffen, Chairman
2) Mr. Mohammad Shirajul Islam, Managing Director
3) Mr. Sayeed Rezaraj Ahmmad
(Nominee Director of NJ Holdings Ltd.)
4) Mr. Sadad Rahman, Independent Director
5) Mr. Bhuban Chandra Sil, Independent Director
ABOUT THE ISSUER:
NAME OF SUBSIDIARIES:
There is no subsidiaries company of SS Steel Limited.
Phone: +88-02 9815966-7
Fax: +88-02 9815968
Phone: +88-02 9813680
Fax: +88-02 9815968
MAJOR FINANCIAL INFORMATION AS FOLLOWS:
Figure in Tk.’000
|Net Profit before tax||315325||155100||158234||34040||28907|
|Net Profit after tax||265019||95480||11584||27675||22550|
|No. of Shares||220000||220000||9950||9950||670|
|NAV per Shares (With Revaluation)||15.35||14.31||613.00||674.00||960.00|
|Earnings per Share||1.20||1.20||11.64||28.00||34.00|
|Earnings per Share (Restated)||1.20||0.43||0.05||0.12||0.10|
SS STEEL LIMITED EPS & NAV:
As per the financial statement for the year ended on June 30, 2017, the company’s Net Asset Value (NAV) without revaluation stood at Tk 12.00 per share and NAV with revaluation stood at Tk. 15.35 and EPS was Tk 1.20. Weighted average EPS was Tk. 0.82.
Citizen Securities and Investment Limited working as the manager to the issue.
WHY PUBLIC OFFERING:
Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 17 July 2018. The companies will raise a fund worth Tk. 250.00 million.
NOS. OF SHARE OFFER: 2,50,00,000
VALUE OF IPO: Tk. 250,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
MINIMUM LOT VALUE: Tk.5000/=
SHARE ALLOTMENT: 32% for General Public=16,000 lot and 8% for Affected Investors=4,000 lot, 40% for Eligible Investor (EI) =20,000 lot, 10% for NRB = 5,000 lot and 10% for Mutual Fund =5,000 lot.
** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.
The Company’s Subscription date will start from 28th October 2018 and close on 07 November 2018.
DOWNLOAD IPO FORM HERE:
SS Steel Limited: DRAFT PROSPECTUS and
DOWNLOAD LOTTERY RESULT HERE:
YET TO BE PUBLISHED
Stock Broker / Merchant Bank Code
Non-Residence Bangladeshi (NRB)
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