Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO Approved:–The securities regulator Authority, Bangladesh Securities and Exchange Commission (BSEC) approved the initial public offering (IPO) proposal of the Ratanpur Steel Re-Rolling Mills Ltd (RSRM) on 06/05/2014 to raise Tk 100.00 crore through public offering.
The approval of Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO came at a commission meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).
As per the regulatory approval,Ratanpur Steel Re-Rolling Mills Ltd (RSRM) will float 2.50 crore ordinary shares of Tk 10 each at an offer price of Tk 40 each without a premium of Tk 30
The company has said in its prospectus, The proceeds will be used to reach it’s current capital, to repay term loans and for IPO expenses etc.
According to the company’s financial statement for the year ended on 30 June 2013, the company’s earning per share (EPS) and net asset value (NAV) are at Tk 4.58 and Tk 53.69 respectively.
Janata Capital and Investment Ltd and Trust Bank Ltd are the issue manager of The Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO.
Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO Subscription: Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO subscription will start from July 13, 2014. Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO subscription period for General Public will from July 13, 2014 to July 17, 2014. Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO subscription period for NRB will from July 13 to July 26, 2014
Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO at a glance
Subscription: July 13 to July 107, 2014
Market Lot: 200 shares per share @ Tk 40 Total Tk 8000/=
EPS: Tk 5.63 NAV: 53.69
General Public (60%): 75,000 lots
Affected Investors (20%): 25,000 lots
NRB (10%): 12,500 lots
Mutual Fund (10%): 12,500 lots
Total (100%): 1,25,000 lots
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Bankers to the Issue of Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO
ICB, IFIC Bank Ltd, Mercantile Bank Ltd, DBBL, Dhaka Bank Ltd, NCC Bank Ltd, Brac Bank Ltd, City Bank Ltd, Trust Bank Ltd, IBBL, Janata Bank Ltd, Southeast Bank Ltd, National Bank Ltd, Eastern Bank Ltd, Prime Bank Ltd
Download Details Bank & Branch List of Ratanpur Steel Re-Rolling Mills Ltd (RSRM)
Download Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO Application Form & Prospectus
Download General Public Application Form
Download NRB Application Form
Download Affected Investors’ Application Form
Abridged Version Prospectus of Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO
Foreign Currency Rate of Ratanpur Steel Re-Rolling Mills Ltd (RSRM) IPO
[will be updated soon]
For more details you may visit RSRM website www.rsrmbd.com
