HASCOL Pakistan IPO April 8-9 2014

HASCOL Pakistan Limited (HPL) is among the premier Oil & Gas company in Pakistan. HASCOL is going public with 6.25 million shares. They are asking the premium of Rs. 56.50 (10+46.5) per share. Minimum number of shares that can be applied are 500. The premium price is 56.50, meaning for 500 shares application you will have to submit Rs. 28,250/-. Forms would be submitted on April 8 and 9 in the designated banks. If you do not have a CDC account, then check the Physical Shares option.

You can get the forms from the banks (Bank Al Falah, Askari, Faysal, Habib, Habib Metropolitan, KASB, MCB, Silk, Summit and UBL). You can download the form from this location as well
http://www.hascol.com/Application%20Form.pdf. 

The premium price is a bit high, so you will have to be a little patient to earn something out of this one. However, this is purely my analysis, and reality could be different as well. Positive thing about HASCOL is they stay away from the Circular debt, so despite of not being the top player like say PSO, they are still doing well.