RSRM IPO


Subscription Open: July 13, 2014 Subscription Close: July 17, 2014; Lot 200, Face value Tk 10 , Offer price Tk 40 , Single lot price Tk 8000. 

Bangladesh Securities and Exchange Commission yesterday approved the IPO (initial public offering proposal of Ratanpur Steel Re-Rolling Mills (RSRM) to raise Tk 100 crore from the public.
The approval came from a meeting RSRM will offload 2.5 crore ordinary shares at an offer price of Tk 40, including a premium of Tk 30 for each Tk 10 share.
The company will raise the fund to boost its capital base, repay bank loans and bear the expenses of the IPO proceedings.
Considering the weighted average of the last five years ending on June 30, 2013, the company's consolidated earnings per share stands at Tk 4.58 while the net asset value is Tk 53.69. Janata Capital and Investment, and Trust Bank Investment will manage the issue for RSRM. The regulator has also approved the proposal of Tk 300 crore non-convertible coupon bearing subordinated bond to be issued by the City Bank. To comply with the requirements of Basel-II, the City Bank will issue the bond among the existing shareholders and others through private placement. The offer price of each unit of the bond is Tk 10 lakh. The stockmarket regulator also decided to request the finance ministry to extend the timeframe of preserving 20 percent quota for affected investors in the upcoming IPOs up to June 30, 2015.
As part of the capital market stimulus package, the 20 percent quota was preserved in the IPOs for the investors, who were affected during the 2010-11 stockmarket debacle, till July 1, 2014. 
      
     Ratanpur Steel Re-Rolling Mills Ltd. (RSRM) to meet the growing demand for high quality deformed bars in the market. The population boom created a housing crisis which led to numerous public and private construction projects, creating a greater demand for our products. The success and goodwill created by this company encouraged us to spread our wings into other markets and confront some of the many problems that plagued our economy. Thus more enterprises were established so that we can have a greater impact in the development of our country. With the passing of time our operations expanded into the manufacturing of jute & quality billet, recycling of ships, providing shipping services, real estate among many others.  Today Ratanpur Group comprises of seven successful ventures, some of which are competing in both local and international markets to establish their foothold. Although our ventures have now spread over diverse industries they are all still guided by that single guiding principle under which RSRM began its operation, and that is to have a positive impact on the world as a whole so that we can leave behind a better planet for children than the one we inherited. 



RSRM Ltd. Information At a Glance

2013 2012 2011

EPS 5.63 5.27 8.13

NAV 53.69 48.06 10.9

Dividend




Ratanpur Steel Re-Rolling Mills Ltd. (RSRM)'S MISSION
We will continue to be the first name in the region’s steel industry by harnessing our assets and resources to achieve profitable growth, operational and organizational excellence, and good corporate citizenship.
Ratanpur Steel Re-Rolling Mills Ltd. (RSRM)'S VISION
To be the trend setter and the power force of the steel re-rolling industry.
  
Ratanpur Steel Re-Rolling Mills Ltd. (RSRM)'S PRODUCTS

=> Thermo mechanically treated (TMT) steel is the new generation of steel having superior properties such as weldability, strength, ductility, corrosion resistance, etc. which meet the highest international quality standards. TMT rebars are especially suited for heavy construction like bridges, dams and high rise buildings. TMT is also used in small scale construction because of its superior ductility which makes it ideal for seismic zones.
=> Rebar with grade 40 designation offers minimum yield strength of 40,000 pounds per square inch and conforms to ASTM A-615 performance standards. Its metric counterpart is grade 280 rebar, i.e. equivalent to minimum yield strength of 280 megapascals. This makes grade 40 rebar an excellent choice for light to medium-duty concrete reinforcing applications.
=> Rebar with grade 60 designation offers minimum yield strength of 60,000 pounds per square inch and conforms to ASTM A-615 performance standards. Its metric counterpart is grade 415 rebar, i.e. equivalent to minimum yield strength of 415 megapascals. This makes grade 60 rebar an excellent choice for medium to high -duty concrete reinforcing applications.



Contact With Ratanpur Steel Re-Rolling Mills Ltd. (RSRM)
HEAD OFFICE
Nahar Mansion, 16 CDA Avenue, Muradpur, Chittagong
Phone: +880 31 652255-7; Fax: +880 31 650001
DHAKA OFFICE
Rupayan Golden Age (7th Floor), 99, Gulshan Avenue, Gulshan-2, Dhaka-1212
Phone: 88 02 9892936, 9890457, 8812621; Fax: +88 02 8828292

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