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OGDCL Pakistan Retail Offer Details

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3 replies to this topic

#1
um@ir

    Prepared to deviate stubborn short sellers ;Think Long – v-man

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    The subscription period for the retail offering of 21,505,000 Shares at a price of PKR 110 per Share will commence on January 11, 2007 and will close on January 13, 2007. The retail offer price represents an effective discount of almost 3% to the price paid by institutional investors in the international and domestic institutional offering that priced on November 30, 2006.


    I can't understand this ? (500 x 110 = 55,000) :(

    The minimum amount of application for subscription of 500 shares is PKR 55,075/- in case of physical transfer and PKR 55,005/- in case of transfer under book entry system

    And also this :(

    This offer is being made at a price of PKR 110/- per ordinary share of PKR 10/- each, inclusive of a premium of PKR 100/- per share, but excluding the share transfer fee, which is to be borne by the applicant at 15 paisa per share in case of physical transfer and 1 paisa per share in the case of transfer under book entry system. Application for shares must be made for 500 shares or in multiples of 500 shares only.

    Can any body can explain :) Please !




    #2
    Sid2

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    View Postum@ir, on Jan 3 2007, 05:42 PM, said:

    The minimum amount of application for subscription of 500 shares is PKR 55,075/- in case of physical transfer and PKR 55,005/- in case of transfer under book entry system

    The investor has two options to apply for shares. Either he can ask for a "physical certificate" to be sent to him OR if he has a CDC account with his broker, then he can ask for the shares to be directly transferred to his CDC account.

    If he wants to go for the physical certificate option, then he will have to pay Rs.55,075 for 500 shares. If he wants to go for the CDC account option then he will have to pay 55,005 for 500 shares.

    It is better to go for the CDC option, because otherwise you will have to through some hassle in terms of converting the physical certificate back into "electronic" form, in order to sell them. You should get in touch with your broker, explain to him that you want to apply for OGDC & ask him what CDC number you should write on the application.

    (If you don't have a broker as yet & don't want to open a new account with a broker, then the physical certificate is the only option available.)

    The difference between 55,000 & 50,075 or 55,005 represent non-refundable charges levied for the physical certificate issue or share transfer.

    View Postum@ir, on Jan 3 2007, 05:42 PM, said:

    This offer is being made at a price of PKR 110/- per ordinary share of PKR 10/- each, inclusive of a premium of PKR 100/- per share, but excluding the share transfer fee, which is to be borne by the applicant at 15 paisa per share in case of physical transfer and 1 paisa per share in the case of transfer under book entry system. .

    As given above the 15 paisa or 1 paisa per share are non-refundable charges.

    Hence,

    15 paisa x 500 = Rs.75 and
    1 paisa x 500 = Rs.5

    View Postum@ir, on Jan 3 2007, 05:42 PM, said:

    Application for shares must be made for 500 shares or in multiples of 500 shares only.

    When you apply, you have to indicate how many shares you want to buy on the IPO. You can either apply for only 500 shares OR 500 x 2 = 1000 shares OR 500 x 3 = 1500 shares etc.

    There is no guarantee that you will actually get the number of shares you have applied for. If there are more applications than shares available, then there will be a draw.

    #3
    um@ir

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    Thank you man [:D]


    that helped alot. :)

    #4
    um@ir

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    suna hai OGDCL under subscribe hova hai ?

    any idea ??

    bythe way ballating to 23rd ko theee !!






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