Al Shaheer Corporation (Pvt) Limited IPO has successfully done. The price stood at Rs. 95 per shares for Al Shaheer Corporation. The Ballot result of Al Shaheer will be announced by 17th August 2015.
The share price was much higher as expected. The price was determined through Ducth Auction method through book runners. SECP is also looking whether any malpractice was adopted during the book running process. The company mainly exports fresh meat to gulf countries and also sells locally.
However, the general public was offered shares on 27th to 29th July, 2015. It is expected that trading in the shares of Al Shaheer Corporation will be starting in last week of August, 2015.
The share lot for Al Shaheer Corporation is 500 and it is expected by a number of analysts that its price can touch the level of Rs. 120 per share till Dec 2015.
All applications of 500,1000, 1500, 2000 shares of AL SHAHEER are accepted. Ballot will be held for the applications which were for more than 2000 shares.