SS Steel IPO Result 2018 Download www.sssteel.biz. Bangladesh Securities and Exchange Commission (BPSC) accepted the IPO proposal of SS Steel (Pvt.) Limited to raise BDT 25 crore from the general public.
SS Steel Limited will raise 25 crore taka from the market through IPO. The company has been allowed to issue 25 million ordinary shares of 10-rupee issue price through IPO. Buy and install machinery and machinery with the withdrawal money through IPO, build and construct IPO.
SS Steel IPO Result 2018
The SS Steel IPO Lottery result will be held on November 29, at 10:30 am on Thursday. Although the date of the lottery is determined, the company has not yet decided the van.
The company’s official said on Wednesday that the lottery will be announced next week. It is known that the company’s IPO application was completed from October 28 to November 7. Prior to this, on 17th July, the BSE Steel Board’s 651th Commission meeting approved SS Steel IPO.
SS Steel IPO Summary
Origination Name: SS Steel (Pvt.) Limited
- Authorized Capital: Tk. 2,500,000,000
- Pre- IPO paid-up Capital: Tk. 2,200,000,000
- IPO size in shares: 25,000,000
- IPO size in Tk. at face value: Tk. 250,000,000
- IPO size in Tk . At offer price: Tk. 250,000,000
- Post IPO Paid-up Capital: Tk. 2450,000,000
- Face Value per share: Tk. 10.00
- Offer Price per share : Tk. 10.00
- Market Lot (Shares): 500
According to the audited financial report of June 30, 2017, the actual asset value (NAV) has been increased to 12 Taka without assessing the asset. The NAV has been done by evaluating the asset at Tk 15.35. Earnings per share (EPS) has been Tk 1.20. Average weighted average share of shares is 0.82 taka.
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SS Steel IPO Subscription date:
SS Steel Limited IPO Subscription will start from 28 October 2018 and it will end on 07 November 2018.
Opening date of subscription: October 28, 2018
Closing date of subscription (Cut-off Date): November 07, 2018
Market Lot : 500
SS Steel IPO approval came from BPSC office meeting in the Dhaka city. SS Steel will offload 25 crore ordinary shares at offering price of Tk 10, including premium share of Tk 30 for each share Tk 10. SS Steel (Pvt.) Limited will raise the fund to boost its capital base, repay theirbank loans and bear the expenses of the IPO proceedings.
BPSC chairman Prof Dr M Khairul Hossain accepted SS Steel IPO proposal at a meeting yesterday. SS Steel (Pvt.) Limited issued manager Citizen Securities & Investment Ltd.
SS Steel IPO prospectus 2018
Issue Date Of The Prospectus: October 03, 2018. SS Steel (Pvt.) Limited will collect Tk25 Cores by issuing 50 Lakh shares. For this SS Steel (Pvt.) Limited IPO Share value tk.10.
About SS Steel (Pvt.) Limited:
Steel industry is an established and growing industry in Bangladesh. Predominantly based in the port city of Chittagong, the industry has emerged as a major contributor to the national economy. According to the experts, the growth of steel industry in Bangladesh is mainly induced by the rapid expansion of the country’s shipbuilding and real estate sector, as well as the major investments in various infrastructure projects throughout the country.
Bangladesh Steel industry is emerging as one of the major industrial sectors of the country. It consists of small up to the largest scale of steel melting and re-rolling factories across the country that mostly produce deformed bar rod of different grade (40, 60, 500), angel, channel and coil for the construction industry.
SS Steel Limited IPO
The Securities and Exchange regulator has also permitted the proposal of Tk 300 crore non-convertible coupon comportment subordinated bond to be issued by the City Bank. Download All IPO result 2019.
S.S. Steel Limited Address
The Pearl Trade Center
Cha – 90/3 Pragati Sarani
North Badda, Dhaka-1212, Bangladesh
Tel:+88 02 985 7544, +88 02 985 6988
Fax: +88 02 9815968
Plot–4, Block–B, Tongi Industrial Area
Gazipur, Dhaka, Bangladesh
Tel:+88 02 981 5966-7
Fax: +880 2 981 5968
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