Shepherd Industries Limited introduces IPO

The Initial Public Offering (IPO) lottery program of Shepherd Industries Limited is scheduled to be held on Monday at the Institution of Engineers, Bangladesh in the Dhaka’s Ramna area.

The company has expressed its intention to collect Tk 20 crore from the capital market offering 2 Crore ordinary shares to issue share prices at Tk 10 as face value.

Alpha Capital Management Limited has acted as issue managers while MAHFEL HUQ & CO. will act as auditor.

The company will use its IPO proceeds in purchasing machinery, constructing building, enhancing capacity of effluent treatment plant, repaying bank loan and meeting up IPO expenses.

Shepherd Industries Ltd IPO Offer price Tk 10, Face value per share Tk 10, Market lot 500 units and Single lot price Tk 5000.

The company’s earning per shares (EPS) Tk 1.26 and net asset value (NAV) Tk 18.70 according to the financial statement for the year ending on June 30, 2016.

Earlier, Bangladesh Securities and Exchange Commission (BSEC), in its 589th meeting, approved the initial public offering (IPO) of Shepherd Industries Limited on November 15, 2016.

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