ISLAMABAD, Jan 17: The Privatization Commission is holding the second roadshow at Lahore on Monday (Jan 19) for the public offering of five per cent government shares in Sui Southern Gas Company , a company listed on the stock market since 1956. The first roadshow held at Karachi.

It will be the first secondary public offering of the SSGC shares being made in accordance with the government's policy to strengthen, broaden and deepen the base of stock market. The government holds 70.43 per cent shares of SSGC, while 29.57 per cent shares are with the general public and institutions.

General public and investors are invited to participate in the show to obtain necessary information regarding the SSGC public offering.

Preference will be given to the smaller applicants for the minimum lot of 1,000 shares for the IPO of 5pc shares (33.56 million) of SSGC with a green-shoe option of additional 5pc shares in case of oversubscription, being offered at a price of Rs26 per share, including a premium of Rs16. The PC expects total proceeds from 10pc shares offering to the tune of Rs1.74 billion.