HBL OFEER FOR SALE OF SHARES 0F M/s LALPIR POWER LIMITED

 HBL OFEER FOR SALE OF SHARES 0F M/s LALPIR POWER LIMITED 

HBl become the officile bank to accept the applications for the IPO LALPIR POWER LIMITED the managmet issue the guide line for its staff for this issue.

We are pleased to advise that M/s. Lalpir Power Limited has appointed us as one of the Bankers for the collection of  Subscription against Sale of their 9,496,000 Ordinary Shares. The shares are being offered Rs.22.05 per share in case of physical delivery and  Rs.22.01 per share in case of CDC, which includes share transfer fee of 0.05 paisa per share in case ot' physical transfer and 0.01 paisa per share in case of transfer under book entry system (CDC). 

DATES 0F SUBSCRIPTION: 3"” AND 4T" JULY1 2013 OUR BANK CODE: 02

ALL BRANCHES (EXCEPT ISLAMIC BANKING BRANCHES) ARE ADVISED TO ACCEPT SUBSCRIPTIONS WHICH WILL BE SUBJECT TO THE FOLLOWING CONDITIONS BEING STRICTLY ADHEREI) T02 APPLICATION ACCEPTANCE L PROCESSING AND TRANSFER INSTRUCTIONS INVESTOR ELIGIBILITY

Eligible Investors include:

·          

Pakistani citizens resident in or outside Pakistan or persons holding dual nationalities including Pakistani Nationality. "

·         Foreign Nationals whether living in or outside Pakistan. Companies, Corporate bodies or other Legal entities incorporated or established in or outside Pakistan (to the extent permitted by their respective constitutive documents and existing regulations, as the case may be);

·         Mutual funds, Provident/Pension/Gratuity funds/Trusts (subject to the terms of their respective Trust Deed under existing regulations); and '

·         Branches in Pakistan of Companies and Corporate bodies 1`Incorporated outside Pakistan.

FACILITIES AVAILABLE TO NON-RESIDENT PAKISTANIS AND FOREIGN INVESTORS

Non-resident Pakistani investors under foreign investors may subscribe for the shares being issued through this OFSD by using their Special Convertible Rupee Account (“SCRA”) as set out in Chapter 20 of the Foreign Exchange Manual of the State Bank.

GENERAL INSTRUCTIONS  `

Detailed procedure to be followed in respect of acceptance and processing of share applications  transfer  subscription money has already been conveyed vide Head Office Circular NOP/m8173490 dated  February 15, 20l3 pei-taining which should also be ronmwa lor this public issue besides the following specific instructions pertaining to this particular issue.

SPECIFIC INSTRUCTIONS

l. Application for shares by the public, including institutions and individuals, must be made for 500, 1000, 1500, 2000 shares or above 2000 shares in multiples of 500 shares only. Applications which are not for 500, 1000„ 1500, 2000 shares or above 2000 shares in multiples of 5000 shares shall not be entertained.

The amount of the application must be tendered in the form cheque drawn on applicants own account in case of bank’s account holder / draft/pay order drawn on the applicant’s Bank in case of account holder of non Banker to the issue and payable to  OFFER FOR SALE OF SHARES OF M/s LALPIR POWER LIMITED”. 

2. AUTHORIZED BRANCHES MUST ALLOT BANK SERIAL NUMBERS SEPARATELY TO EACH

CATEGORY i.e. 500l1000, 1500, 2000 shares & ABOVE 2000 SHARES. As the Subscription will be open for two days, Branches must ensure that on the second working day of the subscription, the Serial No. must be allotted in continuation from the last number allotted on the first working day. Under no circumstances should a branch on second working day revert to allotting Serial No. l again or repeating numbers allotted previously, as this will lead to duplication of numbers, which are used to identify the applications.

3. On the close of Subscription, Statement/ SOFT COPY (in MS EXCEL) on the` prescribed format as per attached Annexure ‘A’, must be prepared containing all necessary details under sent via  email,

. Note: Hand written statements are unacceptable therefore branches are strictly advised not to submit hand written statements with the application forms.

4. The subscription amount is to be transferred toiA/c No.05997900354703 at HBL Shaheed e Millat Road Branch Karachi (Colle No.0599l through cross branch facility at close of business hours on 04.07.2013. Please quote your branch code in the transaction in Narration Line l.

5. Confirmation of the funds transferred should be sent through Courier along with two copies  prescribed Statements and the Applications to  & Zakat Unit  Floor, Habib Bank Annexe, Hasrnt Mohmni Road, Karachi. (Telephone  32276839-40) latest by next working l da! after the close of  Subscription i.e. Jul! 05'a 2013.

6. After the balloting (ifit is requiredl1 oil receipt of refund amount from HOK, all unsuccessful applicants must be refunded their subscription money oni)I by credit t0 their respective accounts maintained with the branch or bl issuing Banker’s Cheques for applicants who have their accounts with other Banks and had tendered their applications through Pay Order / Bank Draft. Branches must deduct normal charges for issuance of Banker’s Cheque while making refund of subscription money to unsuccessful applicants through Bankers Cheques individual! for each application.

7. The Branches should ensure to submit the Share Applications to Authorized Branch only and not directly to Shares Floatation Department. Revised List of Authorized Corporate  Commercial Centers / RBC Branches have already been conveyed vide our Instruction Circular  P/INST/3490 dated February 15, 2013.

8. Branches should note that no share subscription fee is to be recovered from the subscribers.

9. Sufficient quantity of Share application forms are being dispatched to Authored Branches as well as for distribution to the Branches under their jurisdiction. »

We reiterate that:

 Time frame is the main factor which has to be adhered to by all concerned and the deadlines set forth for transfer of subscription money and dispatch of applications must be strictly followed.

Refusal/Non-acceptance of subscription without any genuine reasons will render the branch liable to . strict disciplinary action.