HASCOL Balloting Result Announced

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.

HASCOL

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 response received from the retail investors. The ballot was conducted on April 18, 2014 for determining all applicants who applied for more than 1,000 shares.

The HASCOL petroleum is a a good choice for long term investment and those who have applied for shares will harness the dividends in the up coming years. According to some research institutions, HASCOL was not a good choice due to its higher price in the IPO held last month.

Only 773 applications were considered successful for 1000 shares. All successful applicant will receive their shares either in Physical Form or CDC within next few days.

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4 Comments

  1. farah shagufa says:

    am i successful?

  2. is my name in draw from hbl bank , university road karachi

  3. farah shagufa says:

    show the hascol draw on interet

  4. arooba zafar says:

    hurrah ! is i win draw?

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