SS Steel IPO Result

SS Steel IPO Result 2018 For Lottery Draw Which Will be Held on 29th November 2018. Applicant Can Download SS Steel IPO Lottery Result From The Official Website www.sssteel.biz as Well as examresultbd.com. BSEC Accepted The IPO Proposal of SS Steel (PVT.) Limited To Raise BDT 25 Crore From The General Public. The IPO Subscription Was Begin from 28th October and Continue Till 7th November 2018. Now, The Authorities Declared The IPO Draw Date. So, Applicant Can Download SS Steel Ltd IPO Result From Our Website.

SS Steel IPO Result 2018

The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk25 crore Initial Public Offering (IPO) prospectus by SS Steel Limited. The IPO Was Approved at a BSEC Board Meeting. As Per The IPO, SS Steel Will Offload 25 Million Ordinary Share at a fixed Price of TK 10 Each. The  Company Will Utilize The Fund For Purchase Capital Machinery and IPO Expenses.

Management Body: 1) Mr. Javed Opgenhaffen, Chairman
2) Mr. Mohammad Shirajul Islam, Managing Director
3) Mr. Sayeed Rezaraj Ahmmad
(Nominee Director of NJ Holdings Ltd.)
4) Mr. Sadad Rahman, Independent Director
5) Mr. Bhuban Chandra Sil, Independent Director

According to the Financial Statement ended on June 30, 2017, SS Steel’s Net Asset Value (NAV) per share stood at Tk. 12 (without revaluation), whereas the weighted average of Earning per Share (EPS) was Tk1.20. Citizen Securities and Investment Limited have acted on behalf of the company’s issue manager.

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

S.S. Steel IPO Lottery Result

S.S. Steel Limited IPO Lottery draw held on 29 November 2018. Place: Engineering Institute, IEB Millaniton, Ramna Dhaka at 10:30 A.M. The IPO results will be published on the websites of Dhaka Stock Exchange (DSE).

Update: IPO Result Has been Published. Download the SS Steel IPO Draw Result from below.

  1. Stock Broker/Merchant Bank Code
  2. General Public/Resident Bangladesh
  3. Non-Residence Bangladesh(NRB)
  4. Affected Small Investors
  5. All Eligible Investor (Pro-Data Allotment)

Chittagong Stock Exchange (CSE) and the company’s website after the lottery programmed. See the Result below.

The principal activities of the company are manufacturing of 500W MS-Deformed Rod, MS-Ingot, Billet, steel for the reinforcement of concrete (Ribbed Bar).

Company History

SS Steel (Pvt.) Limited, located in the heart of mill-gate road in Tongi, Gazipur. Tongi is also known as one of the oldest industrial region in Bangladesh.

Nearly 17 years ago an enthusiastic entrepreneur started the business that was dedicated solely to producing reinforcement-bars from small rolling mills. At that time; rolling mills were fed with sheered and cut plates derived out of abandoned ships. Re-bars (Rod) were produced to meet the needs for affordable steel and iron for the growing territories and basic infrastructure in the newly formed Bangladesh. Since the inception of the company; SS Steel continued to expand its capability in every aspects of the production spectrum. Today we narrowed our product line to focus and become a Specialty Production Mill seeking to service a much more selected group of demanding, quality-conscious customers.

Corporate Office

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
Email: info@sssteel.biz

Factory

Plot–4, Block–B, Tongi Industrial Area
Gazipur, Dhaka, Bangladesh
Tel: +88 02 981 5966-7
Fax: +880 2 981 5968
Email: sales@sssteel.biz

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