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SS Steel Limited: Company Information & IPO Result

DOWNLOAD LOTTERY RESULT HERE: LOTTERY HELD ON 29 NOVEMBER 2018 AT 10.30 AM IN AGB COMMUNITY CENTER, MOTIJHEEL

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non-Residence Bangladeshi (NRB)

Eligible Investors (Pro -rata Allotment)

UPDATE: SS Steel Ltd. lottery will be held on 29 November’2018 [Approximate Date]

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 INFORMATION:

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

SS Steel Limited

ABOUT THE ISSUER:

The principal activities of the company are manufacturing of 500W MS-Deformed Rod, MS-Ingot, Billet, steel for the reinforcement of concrete (Ribbed Bar).

PRODUCTS:

S.S. Steel Limited has been set up to produce different types of MS-Bar (Rod). At present there are different
varieties of products in relation to thickness and in category.

NAME OF SUBSIDIARIES:

There is no subsidiaries company of SS Steel Limited.

ADDRESS:

Registered Office:

Pearl Trade Center, Cha-90/3 Pragati Sarani North Badda, Dhaka-1212, Bangladesh

Phone: +88-02 9815966-7
Fax: +88-02 9815968
Email: info[email protected]

Web Address: www.sssteel.biz
Factory Office:
Plot-04, Block-B, Tongi Industrial Area, Gazipur
Phone: +88-02 9813680
Fax: +88-02 9815968

MAJOR FINANCIAL INFORMATION AS FOLLOWS:

Figure in Tk.’000

Particulars30-06-17
30-06-16
30-09-201530-09-2014

30-09-2013

  
Revenue30033091818865214381821046622104589
Gross Profit680614401317452075372010354201
Net Profit before tax3153251551001582343404028907
Net Profit after tax26501995480115842767522550
Total Assets60960705022005298538526202822406903
Share Capital22000002200000995009950067000
Retained Earnings468613192282924587471372984
No. of Shares22000022000099509950670
Face Value10.0010.00100.00100.00100.00
NAV per Shares (With Revaluation)15.3514.31613.00674.00960.00
Earnings per Share1.201.2011.6428.0034.00
Earnings per Share (Restated)1.200.430.050.120.10

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.

SS Steel Limited

ISSUE MANAGER:

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.

Proceeds from Initial Public Offering (IPO) will be used for proceeds from initial public offering (IPO) will be used for purchase of plant & machinery and construction of new factory building and IPO expenses.

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”.

SUBSCRIPTION DATE:

The Company’s Subscription date will start from 28th October 2018 and close on 07 November 2018.

DOWNLOAD IPO FORM HERE:

Res./EI./NRB Application Form

SS Steel Limited: DRAFT PROSPECTUS and

ABRIDGED VERSION PROSPECTUS

 

DOWNLOAD LOTTERY RESULT HERE:

YET TO BE PUBLISHED

Stock Broker / Merchant Bank Code

General Public

Affected Investors

Non-Residence Bangladeshi (NRB)

Eligible Investors

Mutual Fund

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