Shurwid Industries’ debut today

Shurwid Industries Limited (SIL) will make debut trading on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Monday) under 'N' category, officials said.
Shurwid Industries is the 26th listed firm under the 'engineering' sector in the Dhaka bourse and 21st listed company on the CSE under the 'engineering & electrical' sector.
DSE Trading Code for Shurwid Industries is 'SHURWID' and DSE company code is 13234 while CSE scrip code is 'SHURWID' and CSE scrip Id is 16028. The market lot is 500 shares.
Under the fixed price method, the company floated 14 million ordinary shares at an offer price of Tk 10 each and raised a fund worth Tk 140 million from public.
The public subscription of the company was held on June 8 to June 12 for resident Bangladeshi which was continued till June 21 for non-resident Bangladeshi (NRB).
The company's IPO subscription hit around 42 times high against its demand offer. IPO lottery was held on July 10, this year.
The stock market regulator -- Bangladesh Securities and Exchange Commission (BSEC) approved the IPO proposal of Shurwid Industries on April 1, this year.
The company has reported its profit after tax Tk 25.48 million and basic EPS Tk 0.81 for the nine months (July 2013 to March 2014) as against profit after tax of Tk 24.50 million and basic EPS of Tk 0.78 for the same period of the previous year.
However, considering Post-IPO 45,350,000 number of shares, the company's basic EPS would be Tk 0.56 for nine months (July 2013 to March 2014) and NAV per share would be Tk 13.40 as on 31 March 2014.
ICB Capital Management acted as the issue manager of the Shurwid Industries' IPO.