HASCOL Balloting Result Announced

HASCOL
HASCOL Balloting Result has been announced and all applications of 500 shares are considered successful. HASCOL Petroleum’s balloting was done for 1000 shares. The IPO was over subscribed for 1.4 times. According to Business Recorder: The issue received applications for over 8.9 million shares against a total offer size of 6.25 million shares and was subscribed by 1.4 times. Due to the significant...

Hascol Petroleum, Do not subscribe in IPO – SCS Research

HASCOL
SCS Research claims that the strike price of HASCOL petroleum is not justifiable. They have the stance to not to but HASCOL Petroleum in IPO on 8-9th April 2014. By: Rajesh Kumar Maheshwari 111-111-721 Ext.116 Standard Capital Securities (Pvt) Ltd During book building process carried on March 4 and March 5, 2014 the under writer has issued 18.75 million shares at strike price of Rs 56.5/sh (inclusive...

HASCOL offers General Public IPO on 8th and 9th April 2014

HASCOL
HASCOL is going to offer 6.25 million shares to the General Public of Pakistan through IPO. The strike price per share is Rs. 56.50. HASCOL is involved in petroleum business and have more than 200 outlets in Pakistan. General Public Portion of the issue comprises of 6,250,000 ordinary shares (25% of the issue) at an issue price of pkr 56.50/- per share (inclusive of a premium of pkr 46.50/- per share).The...