UPDATE: BSEC has taken a decision to some changes Public issue application process for their 536 no board meeting presided by BSEC Chairman Prof. M Khairul Hossain which will be an effect from 1st April’2015. Here upload new press release for everybody consideration “Press Release“.
The Bangladesh Securities Exchange Commission (BSEC) approved IPO ” Bangladesh Steel Re-Rolling Mills Ltd.” (BSRM) on Tuesday 9 December 2014 on their 533 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to float 1.75 crore ordinary shares at the price of Tk. 10 each along with premium Tk.25.
Company Information, IPO Application Form, Prospectus & Result are as Under:
COMPANY NAME: The Chittagong based steel manufacturing company Bangladesh Steel Re-Rolling Mills Ltd. or called “BSRM.” BSRM Steels, a unit of BSRM is already listed on the stock market.
BSRM Steel was listed in stock market from 2008 and their financial information is as under 2008 – EPS (-153), NAV- (-30.97), Dividend- Nill
2009 – EPS (39.59), NAV- (8.62), Dividend – 15% B, P/E Ratio- 29.67
2010 – EPS (5.881), NAV- (8.251), Dividend – 20% B, P/E Ratio-43.23
2011 – EPS (2.98), NAV- (9.86), Dividend – Tk.15.00, P/E Ratio-39.83
2012 – EPS (3.06), NAV- (19.53), Dividend – Tk. 10.00, 5% B, P/E Ratio-23.25
2013 – EPS (4.08), NAV- (21.75), Dividend – Tk. 15.00, P/E Ratio-16.84
BUSINESS: BSRM Maintain leadership position in the steel industry by producing the best quality steel products, continuously enhancing customer satisfaction and becoming a reliable business partner of our customers and suppliers.
BRSM Chittagong Corporate Address:
Ali Mansion, 1207/1099 Sadarghat Road, Chittagong, Bangladesh
Telephone: +880 31 2854901-10
Fax: +880 31 610101
Dhaka Corporate Office:
Mahbub Castle (2nd & 4th Floor), 35/A Purana Paltan Line, Dhaka-1000, Bangladesh
Telephone: +880 2 8313135, 9358135, 8311994
Fax: +880 2 8312905
COMPANY EPS & NAV PER SHARE: As per financial statement for the year ended on 31 December 2013 the Company’s Earning Per Shares (EPS) Tk. 5.06 and Net Assets Value (NAV) per shares Tk. 52.09 respectively.
ISSUE MANAGER: Alliance Financial Services working as the manager to the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO BSRM on 9 December 2014. The Company’s will raise a fund worth Tk. 612.5 million for the purpose of ONGOING EXPANSION/BMRE, LOAN REPAYMENT and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 17,500,000
VALUE OF IPO: Tk. 612,500,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: 25.-
MARKET LOT: 200
VALUE; Tk. 7,000.-
SHARE ALLOTMENT: 60%=52,500 lot for General Public, 20%=17,500 lot for Small Affected, 10% =8,750 lot for NRB and 10%=8,750 lot for Mutual Fund.
SUBSCRIPTION DATE: The Company’s subscription will be start 1 February 2015 to 5 February 2014 and NRB till 14 February 2015.
LOTTERY RESULT DOWNLOAD HERE:
[Result has been published]
IPO FORM DOWNLOAD HERE:
THANK YOU FOR CONNECTING WITH US.