ISLAMABAD, Nov 8: The initial public offering (IPO) of shares of Oil and Gas Development Company Limited for the public subscription will be formally opened from Monday (Nov 10).

The application forms can be obtained from all the banks to offer, stock exchanges, on websites — www.privatisation.gov.pk, www.ogdcl.com, www.kasb.com — and also from the national dailies of November 10.

According to a handout issued here on Saturday, the IPO will remain open for five days i.e. November 10 to 14 during banking hours. Preference will be given to the smaller applicants for minimum lot of 1,000 shares (at the rate Rs32 per share) i.e. Rs32,000 only for subscription in the IPO of 2.5 per cent shares.