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

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.

HASCOL

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 issue price is actually the strike price determined through the book building Bidding period dates: from march 4, 2014 to march 5, 2014 (both days inclusive) from 9:00 a.m. To 5:00 p.m.

Date of public subscription: from April 08, 2014 to April 09, 2014 (both days inclusive) during banking hours.

BANKERS TO ISSUE:

  • Askari Bank Limited
  • KASB Bank Limited
  • Bank Alfalah Limited
  • MCB Bank Limited
  • Faysal Bank Limited
  • Silk Bank Limited
  • Habib Bank Limited
  • Summit Bank Limited
  • Habib Metropolitan Bank Limited
  • United Bank Limited (In order to facilitate investors, United Bank Limited “UBL” is offering electronic submission of application (e-IPO) to its accountholders. UBL account holders can use UBL Net Banking to submit their application via link http://www.ubldirect.com/corporate/ebank. Further, please note that online applications can be submitted 24 hours a day during the subscription period which will close at midnight on April 09, 2014)

HASCOL APPLICATION FORM

According to SCS Trade:

While comparing HPL with industry and other peers, we see that at this price (Rs 56.5/sh) HPL seems little expensive given premium price. Based on diluted EPS HPL yields expected PE of 11.3x which is much higher than the other peers and double of industry average expected PE of 5.8x. Likewise In term of PBV comparison HPL spells out higher PBV of 3.5x much higher than the industry average PBV of 1.5x.

It is our opinion that the company is in good business term and have strong potential to achieve much in the upcoming years. It is fact that price per share is much higher but the confidence of investors have shown that the company will yield much better results than the peers.

hascol ipo april 2014

Comments

comments

5 Comments

  1. Umer Iqbal says:

    Dont buy Hascol shares, they are so overpriced, price should have to be around 30 but its not, its a bubble, soon will burst straight away when comes to KSE

  2. Asim says:

    Jin Loogo ka in baks ma accounts nahi ha wo kasay apply karay ga please help.

  3. amra jafri says:

    I want to buy 500 shere HASCOL How I buy .?

  4. Sharif ur Rahman says:

    Dear Sir ,
    Kindly inform me soon in detail about HASCOL . Now a days per share rate and future of HASCOL I shall be very thankful

  5. sajjad asgher says:

    I did apply for 1000 shares how can I come to know about the result plz guide me

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