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Western Marine Shipyard (WMS) IPO Result

Western Marine Shipyard IPO Result on Sept 11

Western Marine Shipyard IPO Result on Sept 11. Western Marine (WMS)  Initial Public Offering Subscription was from 10-14 August 2014 for Residence Bangladeshi (RB) and 10-23 August for NRB. IPO lottery Draw of Western Marine will be held on Thursday, 11th September 2014 at Institute of Engineers Bangladesh (IEB), Dhaka. Western Marine Shipyard (WMS) IPO over subscript 2.68 times.

western-marine-logoEarlier BSEC approved WMS IPO on 3rd June  to go for public worth Tk 157 crore 57 lacks to float 4.50 crore shares at offer value at Tk 35/- including 25 taka premium.

The Western Marine Shipyard (WMS) company will use the IPO fund to meet up its IPO expenses, infrastructure improvement and to repaying term loan and expenses of the IPO.

As per the WMS financial statements ended on December 31, 2013, per share the earning per share (EPS) was 3.87/- with net asset value (NAV) of 40.27/-.

ICB Capital Management Ltd, Prime Finance Capital Management Ltd  and EC Securities Ltd are working as the issue manger of the WMS IPO.

About the Company:

Nature of Business: Company are to establish/build, erect, construct shipyard, Workshop on its own land,  dockyard, slipway, purchase  otherwise undertake ownership ormanagement of shipyard, dockyard, slipway, workshop etc.

Major Product: Ocean Going Multi Purpose Vessel, Passenger Vessel & Boat, Oil Tanker, Fishing Trawler, Dredger, Ro-Ro Ferry, Pontoon.

Primary Status of Western Marine Shipyard IPO Result:

As per CSE news,

Total amount of subscription (without NRB) is Tk.3,984,452,500/-. Total amount received from NRB is Tk. 59,864,000/- up to 21 August 2014 which is over subscribed by 2.68 times more.


Western Marine Shipyard IPO Result Published:


Download Western Marine Shipyard IPO Result:

Details about Western Marine Shipyard IPO Result- www.wms.combd, IPO Result.

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