Western Marine Shipyard IPO Result Form Download www.wms.com.bd. Western Marine Shipyard Ltd IPO Result will publish after few days. Now Western Marine Shipyard Ltd IPO has approved today by the Bangladesh Security Exchange Commission.
Western Marine Shipyard Ltd IPO
Western Marine Shipyard Ltd IPO has approved today. Western Marine Shipyard Ltd is the country’s leading shipbuilder and set to offload shares to raise funds from the public for its business increase in order to handle with the growing demands at home and out of the country.
The company has placed its Initial Public Offering (IPO) prospectus to the Bangladesh Securities and Exchange Commission (BSEC) through its issue manager Prime Finance and ICB Asset Management Company.
As per IPO plan, Western Marine will offload 45 million ordinary shares of Tk 10 each at an offer price of Tk 70 to collect around Tk 3.15 billion. Production ability of WMS will increase by 50 percent behind the use of IPO proceeds and annual earnings will reach Tk 8 billion from Tk 5 billion at present.
Western Marine Shipyard wants to raise capital from public for expanding our business to meet increasing demand, especially from global buyers, of the total IPO proceeds, Tk 2.15 billion will be utilized for infrastructure development and Tk 1 billion for loan repayment.”
Western Marine Shipyard IPO Subscription:
Subscription open : 10 Aug 2014
Subscription close : 14 Aug 2014
Subscription close for NRB : 10 Aug 2014 to 23 Aug 2014
In 31st December 2013, Western Marine Shipyard has currently been building 22 ships worth Tk 6 billion for global and local buyers which will be completed. If these ships were imported, it would produce huge pressure on the country’s foreign exchange store but due to local production it currently adds foreign currency to reverse.
WMS Company Collects Money through IPO for the purpose of transportation development aiming at business growth while 20 percent would be used for refund of high interest loans taken from the commercial banks.
Western Marine Shipyard IPO Result
Western Marine Shipyard IPO Result will be published on 11th September 2014. When result will be published you get all active link. Western Marine Shipyard IPO over subscript 2.68 than total size.
Bank / Branch Code
Non resident Bangladeshi
Affected small investors
Distribution of Refund Warrant
Western Marine Shipyard Ltd is a leading shipbuilder in Bangladesh that started its journey in 2000 and reached break-even point in 2006. From very beginning the company gradually achieved prominence as a major shipbuilding company. Western Marine Shipyard is building two RORO’ ferries for Denmark. The ship named ‘ISEF JORD’ will be owned by Danish ferry operator Hundested Rorvig Faergefart.
Western Marine Shipyard IPO Form Download
Western Marine is constructing two passenger vessels having carrying capacity of 750 passengers for BIWTC. Western Fishers Shipyard is also building 12 fishing trawlers. These trawlers are able of mid-sea trawling and are sustainable in sea signal 4 (four). They will be able to make voyages yet in the rough Bay of Bengal where our fishing trawlers operate. The WMS, for the first time is building dredger ‘CD Imam Bokhari’ along with a crane boat ‘CB Balian’ for Mongla Port Authority. The dredger will be used to dredge the channel of Mongla Port in the River Pashur to ensure access of the inbound and outbound ships.
At this time 3500 employees are working in the shipyard and it would amplify its manpower to 5000 after its business growth. Western Marine Shipyard IPO Result will be published in here. You will get Western Marine Shipyard Ltd IPO Result Form Download and related at this website. Visit for more IPO information.