Load Limited IPO for General Public on 28th and 29th September, 2016
Karachi: Loads Limited, largest manufacturer of automobile parts, has offered initial public offer for general public portion on 28th and 29th September, 2016. The company is located in Karachi has plant at Korangi Industrial Area, Karachi, Sindh.
The company’s price per share through book building process has been discovered at rs. 34. The general public can apply for 500 shares or in its multiple, therefore, will require Rs. 17,000 for the application.
The company incorporated in 1979, the company has its own die shop and manufactures radiators and mufflers for renowned car makers of Pakistan. The data of growth and sales of cars and automobiles reveal that the sales are increasing day by day. The increasing sales require more parts to be fitted in them. Therefore, it is expected that with the growth of the automobile sector of Pakistan, the parts manufacturing companies will too.
Download IPO Form of Loads Limited, Karachi
The company prospectus shows its monopoly in automobile pars manufacturing and has great potential in years to come. Moreover, the stock exchange has witnessed all time high prices of Indus Motors, Honda Atlas Cars, Hino Pak Motors and others these days. Therefore, the offer price of Loads Limited seems to be a reasonable price to go with.