Shasha Denim’s Ltd IPO approved by BSEC

Shasha Denim’s Ltd IPO approved by BSEC.  Bangladesh Securities Regulator BSEC on Tuesday 14th October 2014 approved the initial public offering of Shasha Denims to raise fund worth Tk 175 crore to issue 5 crore public shares at offer value at Tk 35/- (including 25 taka premium).

The decision was came out yesterday at a 529 regular meeting of the commission which was presided by BSEC chairman Mr. Khairul Hossain. Shasha Denims will float its 5 crore ordinary shares at an issue price of Tk35 each with 25 taka premium.

Shasha Denim’s Ltd IPO approved by BSECThe IPO funds will used to expand business, repay bank loans and bear the IPO expenses.

As per the latest financial statement ended on 30th December, 2013, the Earning per Share (EPS) was Tk3.73/- and Net Asset Value (NAV) was Tk52.95/-.

AFC Capital Limited and Imperial Capital Ltd will act as the issue mangers jointly for the IPO process.

About the Company:

SHASHA DENIMS LTD is the leading denim fabric producer in Bangladesh since 2000. It’s a professionally managed and technically sound organization located at Dhaka Export Processing Zone (DEPZ). Their plant is totally integrated with State of the Art technology and machinery from Switzerland, Germany, Belgium & USA to offer their valued customer the real classical Indigo Denim created with the best & modern computerized SLASHER DYEING technology. They have increase in demand the production capacities were expanded at regular intervals for the cause of products quality. Its production capacity is now 1.8 million yards in each month.

SHASHA DENIMS LTD build fabrics for Marks & Spencer, Next, George, Polo, Mexx, Wall-mart, JC Penny, Tesco, Adams,Tommy, Gap, Lee Hang Fat, Woolworth, Li & Fung, Gulden Pfenning, etc.

Address:
Shasha Denims Ltd.
Sonargaon Janapath, Sector-7, Uttara,
Mascot Plaza (10th Floor), Plot No. 107/A
Dhaka-1231

Prospectus with IPO Application Forms  and IPO result of Shasha Denim’s Ltd IPO approved by BSEC will be publish here so keep visiting us.

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