Salvo Chemical Industry Limited IPO Result is published now. Look at the Salvo Chemical Industry Limited IPO Information. About Salvo Chemical Industry Ltd: Salvo Chemical Industry Ltd has been establish in 2003 with a vision to serve the bulk chemical market in Bangladesh. It is a leading Sulphuric Acid manufacturer in Bangladesh. The production of Sulphuric Acid has come to be accepted throughout the world as a reliable barometer of industrial activity. It is used in the process industries from very dilute concentrations for Ph control of saline solutions to strong fuming acids used in the dye, bleaching, explosives, and pharmaceutical industries.
Nature of business The company has been established with a view to producing and supply of different Chemicals for local consumption. Reason for IPO The proceeds from Initial Public Offering will be utilized to finance the expansion of the project and loan repayment. Subscription open 30 Jan, 2011 Subscriptino close 03 Feb, 2011 For NRB 30 Jan, 2011 to 12 Feb, 2011 Offer price Tk. 10.0 Face value per share Tk. 10.0 Market lot 500 units EPS Tk. 0.91 NAV Tk. 10.82 Public offer
