Description of Transaction:
- AHL acted as the Lead Manager and Book Runner for Loads Limited and successfully completed the IPO by raising PKR 3,281 Million for the Company.
- In the book process of initial public offering, shares are oversubscribed by 124 percent to 48.67 million shares
- Strike Price was PKR 62.5/share
About the Issuer:
- Hi-Tech Lubricants Ltd is a company whose principal activity is to procure and distribute lubricants and petroleum products under the ZIC brand name.
- It serves Automotive, Industrial and Marine segments. It has two reportable segments being Lubricants and Petroleum products.
- Outreach and availability at over 20,000 retail outlets with operations in all 5 provinces of Pakistan.