INVESTOR RELATION

Ownership of the company :

Shareholding of Directors Amount Shares %
Dr. Abdullahel Bari, Chairman 700.50 70.50 37.11
Ms. Afruja Bari, Managing Director 700.50 70.50 37.11
Abdullah Zarina Zaffreen, Director 127.50 12.75 6.71
Sub Total 1537.50 153.75 80.92
Shareholders Other than Directors who holds 5% or more shares
Ms. Abdullah Nahid Niger 100.0 10.0 5.26
Ms. Abdullah Nazma Nowroz 100.0 10.0 5.26
Total 200.0 20.0 10.52
Other Share Holdings
Institutional Shareholders 33.10 3.31 1.74
Employees 74.60 7.46 3.98
General Shareholders 54.70 5.47 2.88
Total 162.50 16.25 8.55

 

Reasons for Public Offering :

  • Modernization of business through capital investment
  • To meet the requirement of working Capital
  • Regulatory compliance as paid up is above 500 million
  • Repayment of bank loan

 

Use of IPO Proceeds:

Capital Investment 447,168,000
Working Capital 909,085,342
Loan Repayment 543,746,658
Total expected fund requirement 1,900,000,000

 

Use of IPO Proceeds

Profile Bending Machine 25,427,500
Outfit Shop 155,975,000
Shot Basting Machine 63,520,000
Machine Shop modernization 124,780,000
Luffing crane, 8 ton forklift (1 no), 3 ton forklift (2 nos.) 24,727,500
Paint Shop and moving painting equipment 11,065,000
Pipe Shop 41,673,000
Total Capital Investment 447,168,000