Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited

Initial Public Offering

PKR 1,813 Million

Lead Manager & Book Runner


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.
Source: PSX