The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Saif Powertec Limited“ on Tuesday 15th April 2014 on their 515 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain.
Company Information, IPO Application Form, Prospectus & Result are as Under:
COMPANY NAME: SAIF POWERTEC LTD/ SAIF MARITIME LTD or called SAIF is the registered & converted to a Private Limited Company in 2003, previously it was SAIF Powertec Corporation.
BUSINESS: SAIF initiated its business for sales & service of Construction material handling and Power Generation equipment.
RELATION WITH: SAIF exclusive agreement with world renowned manufacturer such as Dossan Infracore Co. Ltd. (DAEWOO Heavy Industries Ltd.), Mitsubishi Heavy Industries Ltd., Japan, Babcock Borsig Power Service Gmbh, KARRENA, Foster Wheeler, Ana Navids, Carmanah Technologies, etc.
PRODUCT: SAIF Product Are:
# Construction Equipment
# Material Handling Equipment
# Pet Bottle
# Solar Packages
SAIF PLASTIC & POLYMER INDUSTRIES LTD. It’s a modern PET bottle plant in Bangladesh. Its a reputed business house interest in specially Pharmaceuticals PET Bottles and other Plastic containers such as food & beverage bottles, Edible oil bottles etc. SAIF PET bottle plant producing specially in the CSD plastic closures.
17 years business experience carries in local and international markets.
In 2004 SAIF has been appointed by the Chittagong Port Authority (CPA) as long term contractor for repair- maintenance with parts supply and supervision of operation of 4 nos MITSUBISHI Quay side Gantry Crane (QGC) & 5 nos ZPMC Rubber Tyred Gantry (RTG)Crane under Chittang port.
In 2006 SAIF signed a contract with Chittagong Port Authority for operation of 4nos QGC with transportation of the Container from Shore to Yard & Yard to Shore by using our won Tractor-Trailer.
In 2007, SAIF got the contract for complete Terminal Operation as Terminal Operator for Chittagong Container Terminal (CCT) & 2 Berths of New mooring Container Terminal (NCT). Total 5 numbers of berths are operated with international standard.
Up to December/2007 SAIF has handled 455000 TEUS Container &340 nos . of Vessels both in CCT & NCT. SAIF has already introduced the method to find out the container location through SMS from any Mobile Phone in Bangladesh almost instantly. In April 2008, SAIF is going to introduce the State of the Art Technology as CTMS with their Associates of local software Company under MESH RADIO NET Working inside the terminal. After successful completion of CTMs system. SAIF can provide the REAL-TIME POSITIONING of each container with CCT & NCT.
MISSION : SAIF Mission ARE
1.Establishing national identity all over the world by innovative success.
2. Exploring new avenues for increasing customers support as well as business growth.
3. Monitoring the customers perception, that exploring opportunities in all possible areas.
VISION: SAIF Vision Are
-To remain abreast of time technologically and managerially
-To be a world class port operator
-To provide solution by applying world’s best & advanced technical know-how with the best combination of local and foreign expertise.
-To make firm contribution towards the growth of national economy & GDP
VALUES: SAIF believe in the following core values in serving of clients are
(Source: as per SAIF web site)
CORPORATE OFFICE: 72, Mohakhali C/A, (8th Floor), Rupayan Center, Dhaka-1212, Bangladesh.
Phone: 880-2- (9856358, 9854423, 9856359, 8857902, 9891562, 9891592)
CHITTAGONG OFFICE: House#09, Road#01, Lane#01, Block#G, Halishahar, Chittagong, Bangladesh.
COMPANY EPS & NAV PER SHARE: As per financial statement for the year ended on 30 June 2013 and audited financial statement of previous five years the Company’s weighted average Earning Per Shares (EPS) Tk. 3.01 and re-valued Net Assets Value (NAV) Tk. 24.29 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 15th April 2014 . The Company’s will raise a fund worth Tk. 360 million for the purpose of set up A NEW BATTERY PROJECT and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 12,000,000
VALUE OF IPO: Tk. 360,000,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Tk.20.-
MARKET LOT: 200
SHARE ALLOTMENT: 60% General Public, 20% Affected, 10% NRB and 10% Mutual Fund of total public offering.
SUBSCRIPTION DATE: The Company’s subscription will be start from 06 July’14 to 10 July’14 and NRB till 19 July’14.
IPO FORM DOWNLOAD HEAR:
SAIF POWERTEC LTD. “PROSPECTUS”
LOTTERY RESULT DOWNLOAD HEAR: Result Published
Distribution of Refund Warrant
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