IDLC Investments to be issue manager for FMC Dockyard IPO

FMC Dockyard Limited has recently signed an agreement with IDLC Investments Limited to raise capital through Initial Public Offering (IPO). IDLC Investments Limited will act as Manager to the Issue in this regard.

FMC Dockyard Limited conducts business in the shipbuilding industry of Bangladesh. The factory is located at West Gomdandii, Boalkhali, Chittagong. The company is offering complete ship building, repair and refit service to local and international customers since 2009. At present the company is engaged in building of inland ships of various types and sizes, such as oil tanker, fishing trawler, container ship, barge, cruise vessel, tug boat, research vessel, survey vessel, pontoon, jetty, dredger, slipway, etc. Within a short span of time, the company has created a strong foothold in the shipbuilding industry and achieved trust of local and international customers.

Pankaj Datta, Executive Director (Corporate Affairs), FMC Dockyard Limited & Md. Moniruzzaman, Managing Director, IDLC Investments Limited has signed the contract. Selim R.F. Hussain, CEO & Managing Director of IDLC Finance and Chairman of IDLC Investments, Rubayet-E-Ferdous, Chief Operating officer, IDLC Investments, K. M. Morshedul Alam, Executive Director (Admin) of FMC Group and other high officials of FMC and IDLC were also present on the occasion.
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