Karachi: An automotive pats manufacturing company “Loads Limited” has all set for book building and IPO for general public and company employees. Investors may proceed for book building process on 6th-7th September 2016. The registration process will continue from 1st to 7th September, 2016.
The company intends to issue 50 million shares to the investors, general pubic and employees. 35.625 million shares will be offered to High Net wroth Investors, 14.375 million shares will be given to general public through IPO and 2.5 million shares are allocated for company employees. The prospectus of Loads Limited (Loads Group) has also been issued for awareness.
The floor price for book building process has been set as Rs. 15 per share. The price will be determined through the book building process. More the interest of investors, more will be the price of the share. Arif Habib Limited has been mandated as lead manager for this IPO.
The Initial Public Offer (IPO) of Loads Limited will be held on 28th and 29th September, 2016. Applications for 500 and its multiples will be entertained by the company.
Loads Limited was launched in 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The company progressed well and has now three subsidiaries namely, Specialized Auto-parts Industries (Private) Limited, Multiple Auto-parts Industries (Private) Limited and Specialized Motorcycles (Private) Limited. Toyota, Suzuki, Honda, Hino, Millat Tractors Limited, Nisan, Hyundai, ISUZI, Mitsubishi, Yamaha and Rozgar are among the top clients of the company.