SEC approved RSRM IPO - www.rsrmbd.com

SEC approved RSRM IPO - www.rsrmbd.com.

The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, 6th May, 2014 approved an IPO Prospectus of Ratanpur Steel Re-Rolling Mills (RSRM) to go for public worth Tk 100 cores to float 2.50 crore shares at offer value at Tk 40/- with 30/- premium.

The decision about RSRM IPO was taken at a regular meeting of the commission. As per approval 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  and the net asset value is Tk 53.69.

Janata Capital and Investment, and Trust Bank Investment will manage the issue for RSRM.


Ratanpur Group started its operation in 1984 with its flagship company 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.

Contact Details:

HEAD OFFICE:
Nahar Mansion, 16 CDA Avenue, Muradpur, Chittagong
Phone: +880 31 652255-7; Fax: +880 31 650001
Web: www.rsrmbd.com

Posted in: Forth Coming IPO