SPEL IPO Balloting Result on 16th January 2015

Synthetic Products Enterprises Limited (SPEL) IPO was held on 6th and 7th January, 2015 and as the number of applicants of 500 shares are more than the available number of shares, all applicants of above than 500 shares are now declared unsuccessful.

A ballot will be held on 16th January 2015 at 5 pm at Arif Habib Center, Karachi to find out the successful applicants. the ballot will be held by AHL. The subscription figures have been complied by THK Associates.

The subscription detail for 500 shares is as under:

Number of applicants for 500 shares: 14294

For shares applied by 500 shares: 7,147,000

Available shares: 4,741,000

Ratio of applicants / available: 1.51

SPEL IPO Balloting Result

Download the file from the above link and you will be able to see the successful applications numbers against the respective branch.

For 500 shares category, there have been applications totaling for allotment of 7.147 million shares but the available shares are 4.741 million shares.

The number of applicants received for 500 shares are 14,294 and the total applicants made for shares under 500 category and above are 16,180.

It is expected that share price of SPEL will be around 45 by the end of June, 2015.

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