SAIF POWERTEC LIMITED IPO Result published .
Subscription Open: July 06, 2014 Subscription Close: July 10, 2014; Lot 200, Face value Tk 10 , Offer price Tk 30 , Single lot price Tk 6000.
SAIF POWERTEC LIMITED IPO Approved. Bangladesh Securities and Exchange Commission (BSEC) yesterday, 16th April 2014 gave the green lightweight to the rental power generation company to rise the fund through 1.20 crore ordinary shares of Tk ten every at a proposal value of Tk twenty five.A Consultants and financial Advisers can manage the IPO, prospectus of that was approved at a gathering presided over by BSEC Chairman Mr. Khairul Hossain, the regulator same in an exceedingly statement.
The company's weighted average Earnings Per Share (EPS), as of March 2013, stood at Tk 3.01. After listing, SAIF POWERTEC LIMITED are the seventeenth company within the fuel and power sector within the stockmarket.
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SAIF initiated its business for sales & service of Construction , material handling & Power Generation equipment in Bangladesh through exclusive Agreements with the world renowned Manufacturers such as DOSSAN INFRACORE CO. LIMITED (DAEWOO HEAVY INDUSTRIESE LIMITED), MITSUBISHI HEAVY INDUSTRIES LIMITED, JAPAN , BABCOCK BORSIG POWER SERVICE GMBH, KARRENA , FOSTER WHEELER , ANA NAVIDS, CARMANAH TECHNOLOGIES ETC.
In 2004, they had been appointed by the Chittagong Port Authority (CPA) as long term contractor for repair-maintenance with parts supply and supervision of operation of 4 nos. MITSUBISHI Quay side Gantry Crane (QGC) & 5 nos. ZPMC Rubber Tyred Gantry (RTG) Crane under Chittagong Port.
In 2006, they have signed a contract with CPA for Operation (Import discharging & Export Loading) of 4 nos. QGC with transportation of the Container from Shore to Yard & Yard to Shore by using their own Tractor-Trailer
In 2007, they got the Contract for complete Terminal Operation as Terminal Operator for Chittagong Container Terminal (CCT) & 2 Berths of New mooring Container Terminal (NCT). Total 5 numbers of berths are operated by SAIF with international standard.
Up to DECEMBER/2007 SAIF has handled 455000 TEUS Container & 340 Nos. of Vessels both in CCT & NCT SAIF has already introduced the method to find out the Container location through SMS from any Mobile Phone in Bangladesh almost instantly. In April/2008 SAIF, is going to introduce the State of the Art Technology as CTMS with their associates of local software Company under MESH RADIO NET WORKING inside the Terminal. After successful completion of CTMS system, they can provide the REAL-TIME POSITIONING of each container within CCT & NCT.
