LAUGFS IPO on November 4

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LAUGFS Gas Ltd announced its intention to raise Rs 2,505 million from the public through an Initial Public Offering (IPO) of 22 percent of its stake yesterday. Listing on the Dirisavi Board of the CSE, the company is offering 75 million voting shares of the company at the share offer price of Rs 23 each and 52 million non-voting shares of the company at the share offer price of Rs 15 each. The official opening of the IPO will be on November 4 and will be kept open until November 25 unless fully subscribed before that. The minimum subscription has been set at 100 shares and thereon in multiples of 100 shares of any class of shares applied

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