Ananda Shipyards hosts IPO price discovery road show

Ananda Shipyards and Slipways Limited hosted a ‘Price Discovery Road Show’ Monday in the city.

A total of 30 million (3 crore) shares will be floated with the IPO at a face value of Tk 10.

The authorized capital of Ananda Shipyard is Tk five billion (500 crore) and the issued shared capital Tk 1.9 billion (190 crore).

Chairman of Ananda Shipyards Abdullahal Bari,managing director Afrozi Bari, deputy managing director Abdullah Nahid Nigar, executive director Tariqul Islam, among others, were present at the program.

Ananda Shipyards raised the country’s international standard of shipbuilding by exporting the Stella Maris Denmark in May 2008 followed by another export of six ships to Mozambique and Stella Moon Denmark, the 8th ship, to be exported from Bangladesh.

The shipyard is now busy with construction of 10 ships. They are also working on the construction of oil tanker, tugboat and repairing of two crane boats of astanding order amounting USD 129 million.

Issue manager and director of Prime Finance Capital Management Rezaul Haque,managing director Mosharraf Hossain, investors from various institutions, DSE, CSE officials were also present on the occasion.

Source: The financial express,  19 January, 2011