SEC approves RSRM IPO
Tuesday, 6 May 2014
The Bangladesh Securities and Exchange Commission (SEC) on Tuesday approved initial public offering (IPO) proposal of Ratanpur Steel Re-Rolling Mills (RSRM) to collect Tk 1.0 billion from the capital market. The approval was given at a meeting of the commission held with its chairman Prof Dr M Khairul Hossain. As per the SEC's approval, RSRM will offload 20.5 million ordinary shares at an offering price of Tk 40, including a premium of Tk 30 for each share of Tk 10, according to a news agency.