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S. S. Steel makes trading debut tomorrow

FE Report | January 16, 2019 00:00:00

S. S. Steel Ltd will make its share trading debut on the stock exchanges tomorrow (Thursday) under the "N" category, officials said.

The Dhaka Stock Exchange (DSE) trading code for the company is "SSSTEEL" and the company code is 13245 while the Chittagong Stock Exchange (CSE) scrip ID is 16038 and scrip code is "SSSTEEL".

The S. S. Steel will be the 37th listed company under the "Engineering" sector on the Dhaka bourse. The sector accounted for around 6.0 per cent of the DSE's total market capitalisation.

The engineering sector company raised a capital worth Tk 250 million from the capital market by offloading 25 million ordinary shares using the fixed price method.

The securities regulator -- Bangladesh Securities and Exchange Commission (BSEC) approved the company's IPO proposal on July 17 last year to raise the said amount.

IPO subscription of the company's shares was held between October 28 and November 07, 2018.

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