RSRM prices soar on debut - Share market analysis of dhaka stock exchange, Bangladesh

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
23 September, 2014 10:04 AM Source: The Daily Star Bangladesh
RSRM logo.jpg

Share prices of Ratanpur Steel Re-Rolling Mills (RSRM) almost doubled to Tk 77.3 from its offer price on the company's debut on the stock exchanges yesterday.

Listed with an offer value of Tk 40 each, RSRM shares ranged between Tk 80 and Tk 67.1, before closing at Tk 77.3 on the Dhaka Stock Exchange.

A total of 99.18 lakh shares worth Tk 75.41 crore traded on the premier bourse, securing RSRM the top position on the turnover leaders' list.

RSRM is the 27th company listed in the engineering category, which accounts for around 4 percent of the total market capitalisation on the DSE.

The Chittagong-based steel manufacturer raised Tk 100 crore by floating 2.5 crore ordinary shares of Tk 10 each at an offer price of Tk 40, including a premium of Tk 30.

Bangladesh Securities and Exchange Commission approved the initial public offering of RSRM on May 6.

The IPO proceeds are being used for the company's capital base enhancement and bank loan repayment.

RSRM's net profit fell 19.42 percent to Tk 12.38 crore in the nine months to March from the same period of the previous year, according to the DSE website.


Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login
Advanced Charts
Market Map
Real-Time Market Watch
Order Book Data
Stock Screener
LankaBangla Client Login
CSE iTrading
Trading Game
DSE iTrading

Stocks in Focus

Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
Many more

Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2013


Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?