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After remaining open for five consecutive days the Initial Public Offering
(IPO) of shares of Oil & Gas Development Company Limited (OGDCL) for the
public subscription, which commenced from November 10, 2003, will be finally
closed on Friday November 14, 2003 at the end of the banking hours after
entering in its final phase.
Preference will be given to the smaller applicants for the minimum lot of 1000
shares i.e. Rs. 32,000/= only for subscription in the Initial Public Offering
(IPO) of 2.5 % shares (107.5 million shares) of Oil & Gas Development Company
Limited (OGDCL) with a green shoe option of additional 2.5 % shares in case of
over subscription, being offered at a price of Rs. 32/ = per share. Great
enthusiasm and very encouraging response from the general public and the
investors is being witnessed for this offer.
The large-scale participation of general public being noticed for this issue
reflects the people's interest in this lucrative investment opportunity, which
will also deepen the capital market and broaden the base of base of ownership.
People from all walks of life within the country and the overseas Pakistanis
are participating in this offer.