Western Marine Shipyard IPO Result Form Download www.wms.com.bd.
Western Marine Shipyard Ltd IPO Result will publish after few days. Now
Western Marine Shipyard Ltd IPO has approved today by the Bangladesh
Security Exchange Commission.
Western Marine Shipyard Ltd IPO
Western Marine Shipyard Ltd IPO has
approved today. Western Marine Shipyard Ltd is the country’s leading
shipbuilder and set to offload shares to raise funds from the public for
its business increase in order to handle with the growing demands at
home and out of the country.
The company has placed its Initial
Public Offering (IPO) prospectus to the Bangladesh Securities and
Exchange Commission (BSEC) through its issue manager Prime Finance and
ICB Asset Management Company.
As per IPO plan, Western Marine will
offload 45 million ordinary shares of Tk 10 each at an offer price of Tk
70 to collect around Tk 3.15 billion. Production ability of WMS will
increase by 50 percent behind the use of IPO proceeds and annual
earnings will reach Tk 8 billion from Tk 5 billion at present.
Western Marine Shipyard wants to raise
capital from public for expanding our business to meet increasing
demand, especially from global buyers, of the total IPO proceeds, Tk
2.15 billion will be utilized for infrastructure development and Tk 1
billion for loan repayment.”
Western Marine Shipyard IPO Subscription:
Western Marine Shipyard IPO Subscription details will be published very soon…..
In 31st December 2013,
Western Marine Shipyard has currently been building 22 ships worth Tk 6
billion for global and local buyers which will be completed. If these
ships were imported, it would produce huge pressure on the country’s
foreign exchange store but due to local production it currently adds
foreign currency to reverse.
WMS Company Collects Money through IPO
for the purpose of transportation development aiming at business growth
while 20 percent would be used for refund of high interest loans taken
from the commercial banks.
Western Marine Shipyard IPO Form Download
Western Marine Shipyard Ltd
is a leading shipbuilder in Bangladesh that started its journey in 2000
and reached break-even point in 2006. From very beginning the company
gradually achieved prominence as a major shipbuilding company. Western
Marine Shipyard is building two RORO’ ferries for Denmark. The ship
named ‘ISEF JORD’ will be owned by Danish ferry operator Hundested
Rorvig Faergefart.
Western Marine is constructing two
passenger vessels having carrying capacity of 750 passengers for BIWTC.
Western Fishers Shipyard is also building 12 fishing trawlers. These
trawlers are able of mid-sea trawling and are sustainable in sea signal 4
(four). They will be able to make voyages yet in the rough Bay of
Bengal where our fishing trawlers operate. The WMS, for the first time
is building dredger ‘CD Imam Bokhari’ along with a crane boat ‘CB
Balian’ for Mongla Port Authority. The dredger will be used to dredge
the channel of Mongla Port in the River Pashur to ensure access of the
inbound and outbound ships.
At this time 3500 employees are working
in the shipyard and it would amplify its manpower to 5000 after its
business growth. Western Marine Shipyard IPO Result will be published in
here. You will get Western Marine Shipyard Ltd IPO Result Form Download and related at this website. Visit for more IPO information.