Shasha Denims Ltd. : IPO Information And Lottery Result
Shasha Denims Limited IPO Result:
Shasha Denims Ltd is the leading denims
fabric producer in Bangladesh since 2000. Shasha Denims Ltd a
professionally managed and theoretically sound society located at Dhaka
Export Processing Zone (DEPZ). Shasha Denims Ltd has the widest range of
denim fabrics in Bangladesh.
The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Shasha Denims Ltd.” on
Tuesday 14th October 2014 on their 529 nos Board Meeting presided by
BSEC Chairman Prof. M Khairul Hossain to issue 5.0 crore shares at the
price of Tk. 35 each with a premium of Tk. 25.
COMPANY NAME: Shasha Denims Ltd.(SDL) A sister concern of SHASHA Group established in 2000.
BUSINESS: Shasha Denims Ltd is the leading denims fabric producer in Bangladesh since 2000. SDL a professionally managed and technically sound organization located at Dhaka Export Processing Zone (DEPZ). They have the widest range of denim fabrics in Bangladesh. Their production capacity is 1.80 million yards per month. Shasha plant is fully integrated with state of the Art technology and machinery from Switzerland, Germany, Belgium and USA to give their valued customer the real classical indigo Denim made with the best and most modern computerized slasher dyeing technology.
RELATION WITH: Main Buyer are :1. MARKS & SPENCER 2. GERGE, 3. POLO, 4. NEXT, 5. TESCO, 6. TESCO, 7. MEXX, 8. WALL-MART, 9. JC PENNY, 10. TOMMY, 11.GAP, 12. LEE HANG FAT, 13. ADAMS, 14. WOOLWORTH, 15. GULDEN PFENNING, 16. LI & FUNG and so on.
PRODUCT: Shasha Denims Ltd. produced world class widest range of denim fabric.
SHASH Group : Group member of Shasha are 1. Shasha Denims Ltd., 2. Shasha Apparels & Washings Ltd., 3. Shasha Spinning Ltd. (Proposed), 4. Shasha Textiles Ltd. (Proposed).
Shasha Denims Address: Mascot Plaza (10thFloor), Plot–107/A, Sonargaon Janapath,Sector-7, Uttara C/A, Dhaka Phone: +88-02-8952801-3 and +88-02-8952720-1 Fax: +88-02-8952748
Email ADDRESS: -info@shashabd.com, WEB ADDRESS: www.shashadenim.com
COMPANY EPS & NAV PER SHARE: Accordance with the financial statement for the year ended 31 December 2013 the Company’s Earning Per Shares (EPS) Tk. 3.73 and Net Assets Value (NAV) Tk. 52.95 respectively.
ISSUE MANAGER: AFC Capital Limited and Imperial Capital Limited working as the manager of the issue. WHY PUBLIC OFFERING: Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 14th October 2014 . The Company’s will raise a fund worth Tk. 1,750 million for the purpose of EXPANSION OF BUSINESS, PAYBACK BANK LOAN and IPO EXPENSES meet from IPO Proceeds.
NOS. OF SHARE OFFER: 50,000,000
VALUE OF IPO: Tk. 1,750,000,000.-
FACE VALUE: Tk. 10.-
PREMIUM VALUE: Tk.25.-
MARKET LOT: 200
SHARE ALLOTMENT: 60% General Public, 20% Affected Public, 10% Mutual Fund And 10% NRB SUBSCRIPTION DATE: The Company’s subscription will be start from 14 December’14 to 21 December’14 and NRB till 30 December 2014, Application Forms and Prospectus Published.
