2016 brings to HTL such a remarkable start by gaining overwhelming response through the process of IPO. HTL has received a record breaking achievement by winning the trust of investors as well as Public.

During the last three years, the company’s market share has increased significantly; overall market share is 7% with 16% in Passenger Car Motor Oil (PCMO) segment.This success was one of the main reasons behind HTL decision to go public in 2015 as the ever increasing potential and demand for ZIC in Pakistan has been amazing.

HTL offered 29 M new shares through the IPO – 75% i.e. 21.75 M of which were offered through the book building process and 25% i.e. 7.25 M were offered through the IPO to the General Public. The Book building portion of HTL ‘s shares was over-subscribed by 3.5 times after the two day book building process of the first stage IPO of the company. The share price of the company’s shares was offered at the base price of Rs. 37 per share. However, due to a very high demand during the book building process, the closing strike price of the shares came to Rs. 62.50 per share.

The proceeds of the IPO will be utilized to develop a unique service delivery that will transform the concept of retail business in the automotive sector. This will enhance the capability of HTL to further penetrate into the retail segment and increase its market share. HTL is the first company to be successfully listed under the newly established Pakistan Stock Exchange and with even more successful book building process that took place on 6th and 7th of January 2016.