Bangladesh Steel Re-Rolling Mills Limited
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Nature of business
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Principal activities of the company are to carry on the business of production of MS Billet from scrap, MS Rod from Billets and other MS products there from and selling thereof. The company also imports MS product like H Beam, Angles and I Beam etc.
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Reason for IPO
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Proceeds from initial public offering (IPO) will be used for Payment of Retention Money (For Machinery) (Tk. 220,200,000), Finished Goods Storage Shed (Tk. 167,310,000), Loan Repayment (Tk. 204,000,000) and IPO Expenses (Tk. 20,990,000)
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Subscription open
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01 Feb 2015
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Subscription close
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05 Feb 2015
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Subscription close for NRB
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01 Feb 2015
to 14 Feb 2015
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Offer price
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Tk. 35.0
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Face value per share
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Tk. 10.0
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Market lot
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200 units
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Single lot price
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Tk. 7000.0
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EPS
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Tk. 5.06 for the year ended on December 31, 2013
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NAV
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Tk. 52.09 (including revaluation reserve) and Tk. 25.58 (excluding revaluation reserve) as at December 31, 2013
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Public offer
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Major product
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Bangladesh Steel Re-Rolling Mills Limited produces a low carbon weldable quality high strength and high ductility concrete reinforcing bar that is now extensively used all over Bangladesh. It produces 60 grade and 40 grade MS bars, angles, channels, I-beam, great-beam, etc. After the BMRE, it will also be able to produce 500 grade rebar.
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Issue Manager
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Alliance Financial Services Limited
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Website
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www.bsrm.com
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