Shepherd Industries Ltd IPO Result and Application Information. Shepherd Industries limited approved a Tk 200 million (IPO) initial public offering of Shepherd Industries under the fixed price method by The Bangladesh Securities and Exchange Commission.
Shepherd Industries Ltd IPO Result
Shepherd Industries limited will float its two crore ordinary shares for public at an issue price of Tk 10 each, a BSEC news release said.
Alpha Capital Management Limited is the issue manager of Shepherd Industries. The capital market regulator gave the approval at a commission meeting which was presided over by its chairman M Khairul Hossain.
Shepherd Industries, which was established in 2000, will use its IPO proceeds in purchasing machinery, constructing building, enhancing capacity of effluent treatment plant, repaying bank loan and meeting up IPO expenses.
Shepherd Industries Ltd IPO Subscription Details
Subscription open : December 2016
Subscription close : December 2016
Subscription close for NRB December 2016 to December 2016
Shepherd Industries Ltd IPO Form & prospectus
Shepherd Industries Resident Form
Shepherd Industries NRB Form
Shepherd Industries Affected Form
Shepherd Industries Ltd IPO Offer price Tk. 10.0, Face value per share Tk. 10.0 , Market lot 500 units and Single lot price Tk. 5000.00.
Last five years’ weighted average earnings per share of the entity was Tk 1.44 and net asset value per share was Tk 18.70 as per the company’s audited financial statement for the year ended on June 30, 2016.
The regulator has also approved the proposal of Tk 3.0 billion non-convertible coupon bearing subordinate bond to be issued by Jamuna Bank. The approvals came at a commission meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).
As per the BSEC approval, Shepherd Industries will offload 20 million shares at the face value of Tk 10 each for raising a fund worth Tk 200 million. The fund will be utilised for the purpose of expanding and constructing washing plant and ETP and purchasing machineries along with repayment of bank loans.
As per the financial statement for the year ended on June 30, 2016 the company’s net asset value (NAV) is Tk 18.70. The weighted average earnings per share (EPS) based on financial statements of five years has stood at Tk 1.44.
About Shepherd Industries Limited
Shepherd Industries Limited (also called SIL) is a sister concern of Shepherd Group. According to company’s official website, the Shepherd Industries was established in 2000 in Bangladesh.
“With nearly 20 years of sweater yarn dye and garment wash experience and innovation, we have received a reputable name in this industry in Bangladesh,” the company said.
Not only our yarn and garment washing quality remains one of the highest satisfaction in the market, we are also capable of providing huge production with very short lead time to meet customers’ delivery deadlines. Our production machineries are equipped with the latest technology. Our laboratory is monitored by foreign technicians. We are committed with quality control, accurate time delivery, and large production capacity.
The company’s main products include various types of cotton yarn, Acrylic Cotton, Acrylic, Acrylic Wool, Acrylic Nylon, Piece Dyeing, Garments Wash, 100 per cent Nylon and Acrylic Viscose blended yarn.
Shepherd Industries Ltd IPO Result: (Not Yet Published)
Stock Broker / Merchant Bank Code
Non Residence Bangladeshi (NRB)
SIL is an export oriented company and its main buyers are Mark & Spencer, Tesco, Zara, H&M, Wal-mart and many more.
Shepherd Industries Ltd Address:
House # 24, Road # 4, Sector# 4 Uttara Model Town, Dhaka-1230, Bangladesh.
Phone: +880-2-7913340-42, Fax: + 880-2-7913359-60, E-mail: firstname.lastname@example.org
Bagrapara, Kathali, Bhaluka, Mymensingh, Bangladesh.
Phone: +880-9022-56122-124, Fax: +880-9022-56288
Website Address: www.shepherdgroupbd.com
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