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
The Bangladesh Securities Exchange Commission (BSEC) approved IPO BBS CABLES LIMITED. 
