The general public shares of Mughal Iron and Steel Industries (MISIL) is going to be held on 16th and 17th March 2015. Ten banks have been nominated for this purpose including HBL, UBL, Summit and other big names. The price per share of Rs. 34 have been sorted put through book building.
Number of Shares: 6.837 million shares
Price per share: Rs. 34
Date Of Public Subscription: From March 16, 2015 to March 17, 2015 during banking hours.
Rate of Subscription: PKR 34.00 per share
Application Form: MISIL Share Application (Download)
General public can apply for 500 or multiple of 500 shares. Shares can either be credited in to CDC accounts or can be delivered physically to the branch where the applicant is maintaining his account.
Forms are available in the ten nominated banks and the printed form taken from internet can also be used. Cross Cheque and copy of CNIC is required with the application.
It is expected that the share price of MISIL will be around 45 by June 2015 subject to a number of limiting factors including energy crises a big threat to the industries.