SS Steel IPO application on October 28

The approval for the withdrawal of funds from the capital market will be available from the beginning of the initial public offering (IPO) of SS Steel on October 28.

Interested investors can apply to the company's IPO till November 7.

The Bangladesh Securities and Exchange Commission (BSEC) has approved the withdrawal of Tk 25 crore from the capital market, leaving the shares of SS Steel to buy and install, construct and construct the machinery and machinery.

At the BSEC meeting held on July 17, the company approved the withdrawal of shares at the price of 10 at the company's 10th meeting. As a result of BSEE's approval, SS Steel will divest 25 million ordinary shares in the IPO.

Citizen Securities and Investment Limited is in charge of issue management to bring the company to the capital market.

At the time of approval of the IPO, the BSEC said that the net asset value (NAV) stood at 12 Taka without the revaluation of the SS steel till June 30, 2010, and the revaluation stood at 15 TK 35 paisa. And the average profit per share (EPS) has been 82 paise.

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