The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Shasha Denims Limited” on Tuesday 14th October 2014 on their 529 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 5.0 crore shares at the price of Tk. 35 each with a premium of Tk. 25.
Company Information, IPO Application Form, Prospectus & Result are as Under:
COMPANY NAME: Shasha Denims Limited (SDL) A sister concern of SHASHA Group established in 2000.
BUSINESS: Shasha Denims Ltd is the leading denim fabric producers in Bangladesh since 2000. SDL a professionally managed and technically sound organization located at Dhaka Export Processing Zone (DEPZ). They have the widest range of denim fabrics in Bangladesh. Their production capacity is 1.80 million yards per month. Shasha plant is fully integrated with state of the Art technology and machinery from Switzerland, Germany, Belgium and USA to give their valued customer the real classical indigo Denim made with the best and most modern computerized slasher dyeing technology.
RELATION WITH: Main Buyers are
1. MARKS & SPENCER
9. JC PENNY
12. LEE HANG FAT
15. GULDEN PFENNING
16. LI & FUNG and so on.
PRODUCT: Shasha Denims Limited produced a world-class widest range of denim fabrics.
SHASH Group: Group members of Shasha are 1. Shasha Denims Limited 2. Shasha Apparels & Washings Ltd., 3. Shasha Spinning Ltd. (Proposed), 4. Shasha Textiles Ltd. (Proposed).
ADDRESS: Shasha Group: 184-193, Dhaka Export Processing Zone (DEPZ) Extension Shaver, Dhaka, Bangladesh.
Shasha Denims Address: Mascot Plaza (10thFloor), Plot–107/A, Sonargaon Janapath,Sector-7, Uttara C/A, Dhaka Phone: +88-02-8952801-3 and +88-02-8952720-1 Fax: +88-02-8952748
Email ADDRESS: [email protected], WEB ADDRESS: www.shashadenim.com
COMPANY EPS & NAV PER SHARE: Accordance with the financial statement for the year ended 31 December 2013 the Company’s Earning Per Shares (EPS) Tk. 3.73 and Net Assets Value (NAV) Tk. 52.95 respectively.
ISSUE MANAGER: AFC Capital Limited and Imperial Capital Limited working as the manager of the issue.
WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 14th October 2014. The Company will raise a fund worth Tk. 1,750 million for the purpose of EXPANSION OF BUSINESS, PAYBACK BANK LOAN, and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 50,000,000
VALUE OF IPO: Tk. 1,750,000,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Tk.25.-
MARKET LOT: 200
SHARE ALLOTMENT: 60% General Public, 20% Affected Public, 10% Mutual Fund And 10% NRB
SUBSCRIPTION DATE: The Company’s subscription will start from 14 December’14 to 21 December’14 and NRB till 30 December 2014, Application Forms and Prospectus Published.
LOTTERY RESULT DOWNLOAD HEAR: PUBLISHED
IPO FORM DOWNLOAD HEAR:
Shasha Denims Limited “PROSPECTUS“
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