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SHASHA DENIMS LIMITED IPO Result & Application Form Download


In 521th meeting of Bangladesh Securities and Exchange Commission has approved the Shasha Denims IPO (Initial Public Offering) proposal to gain TK 175 crore from public. The denim producer will offload five crore ordinary shares where offer price is TK 35 including premium value of TK 25. The company will use the fund to enlarge business, refund bank loans and bear the expenses of IPO proceedings. AFC Capital and Imperial Capital will manage the issue of Shasha Denims IPO. SHASHA DENIMS LIMITED IPO Result has published today.

SHASHA DENIMS LIMITED IPO Result & Application Form Download

SHASHA DENIMS LIMITED IPO Result PublishedSHASHA DENIMS LIMITED IPO Result & Application Form Download

Bank / Branch Code

General Public

Non resident Bangladeshi

Affected small investors

Mutual Fund

Distribution of Refund Warrant

Shasha Denims Ltd is a Private Company. It is established on 1998 (on production: 2000). The Owner is Barrister Anisul Islam Mahmud. Location is 184 – 193, DEPZ Extension, Savar, Dhaka, Bangladesh. Shasha Denims Ltd. Main product is Denim Fabric. It is 100% export oriented company. Monthly production is 1.8 million yards. Shasha Denims Ltd. web address is www.shashadenim.com.

Nature of Business Shasha Denims Limited (SDL) is engaged in manufacturing different types of classical Indigo Denim (denim fabrics) through the integrated manufacturing process of weaving, dyeing and finishing. SDL uses the most mode rn computerized SLASHER DYEING technology in its production process.
Major Product The Company produces a single product “denim fabrics” of varied specifications, compositions, color and qualities.
Subscription Open December 14 2014
Subscription Close December 21 2014
Subscription period for NRB December 14, 2014 to Dec ember 3 0 , 2014
Authorized Capital Tk. 2,250,000,000
Pre-IPO paid-up Capita Tk. 480,762,000
IPO size in shares 50,000,000
IPO size in Tk. at face value Tk. 500,000,000
IPO size in Tk. at offer price Tk. 1,750,000,000
Post IPO Paid-up Capital Tk. 980,762,000
Face Value per share 10
Offer Price per share 35
Market Lot (Shares) 200
Lot Price 7000 Tk
Total Lot 250000 lot
Use of IPO Proceeds Proceeds from initi al public offering (IPO) will be used for Business Expansion ( Tk. 1,540,000,000 ), Short Term Loan Partial Pay off ( Tk. 182,290,000 ) and IPO E xpenses ( Tk. 27,710,000 ).
NAV per share Tk. 52.95 and Tk. 44.13 (Fully Diluted NAV per share) a s at December 31, 2013
EPS Tk. 3.73 Tk. 3.10 (Fully Diluted EPS ) for the year ended on December 31, 2013
Issue Manager 1. AFC Capital Limited and
2. Imperial Capital Limited
Auditors PINAKI & COMPANY
Website www.shashadenim.com

SHASHA DENIMS LIMITED IPO Result Published

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