Mughal Iron and Steel Industries Limited is being listed on the Karachi Stock Exchange Limited on 15th April, 2015 (Wednesday). This is a private company having its business in Pakistan only.
The starting price of MUGHAL is Rs. 34 per share and it is expected that the stock will be getting a few upper locks as some corners are expecting the fair price at around Rs. 45. The IPO’s have always been welcomed in this environment.
The market lot of MUGHAL is 500 and all settlements will be on T+2 basis and firsts settlement will be on 17th April 2015.As IPO and Book building process was overbooked thus a rally in demand is expected in first few days of trading.
MUGHAL symbol is listed under ENGINEERING sector and the registrar of the company is THK Associates (Pvt.) Limited, 2nd Floor, State Life Building No. 3, Dr. Ziauddinn Road, Karachi.