Mughal Steel Book Building IPO Schedule 2015
The book building of Mughal Iron & Steel Industries Limited (IPO) is going to be held on 16th February 2015. The IPO for general public will be held after few weeks.
Mughal Steel IPO for Book Building is scheduled on 16th February, 2015 in which 27,350,000 shares will be offered tot he public. 20,512,500 shares (75%) will be allotted to Institutional and High Net Wroth individuals through book building process. 6,837,500 shares (25%) of the total issue will be given to general public after book building is done.
Range of Book building:
- Lower limit Rs. 20
- Upper limit Rs. 34
AKD Securities have been nominate as Lead Runner and Arranger and 10 bankers have been selected as bankers to the issue. The strike price determine through the BB will be offered as such to the general public soon.
Mughal Steel has coal gasification plant and is involved in manufacturing in billets of Mild Steel, Spring Steel, Deformed bar, Re-bar, Cold Twisted Rebar and a huge range of Sections such as I. Beams, L.Sections, C-section, H.Beam, T-bar etc. in the downstream industry.
The biggest share holder of MISIL is Mirza Javaid Iqbal who owns 25.799 million shares. The industry is owned by the members of the same family.
MISIL is equipped with a 9.3MW gas-fired power plant but is still capable of 33% of the total requirement of the industry. The company has an experience of 5 decades in this country and has a good prospectus in these conditions. The major risk is the price fluctuation and availability of raw material for the industry.
The issue has been strongly welcomed by the investors and the strike price determined through book building (Dutch Auction method) stands at Rs. 34 per share. The general public will be offered shares in the mid of March 2015.http://www.youthpk.com/2015/02/mughal-steel-book-building-ipo-schedule-2015/Mughal Steel Book Building IPO Schedule 2015http://www.youthpk.com/wp-content/uploads/2015/08/default-1024x537.jpghttp://www.youthpk.com/wp-content/uploads/2015/08/default-150x150.jpgMarket WatchKarachi Stock Exchange,Mughal Steel,Mughal Steel IPO,Mughal Steel SharesThe book building of Mughal Iron & Steel Industries Limited (IPO) is going to be held on 16th February 2015. The IPO for general public will be held after few weeks. Mughal Steel IPO for Book Building is scheduled on 16th February, 2015 in which 27,350,000 shares will be offered tot...Youth PakistanYouth Pakistanmuddassirayaz@gmail.comAdministratorYOUTHPK