Japaul Oil Is Going Public

How can I get the form for this offer? Nairalanders please help !


By Ogbuotobo Chuks

Come September 24, 2007, Japaul Oil & Maritime Services plc would float its hybrid public offer to the Nigerian public. The company is seeking to raise N5 billion by offering 1,007,488,188 ordinary shares of 50 kobo at N3.95 per share to the general pubic, while 291,549,045 ordinary shares of 50 kobo per share at N3.50 per share is being offered to the existing shareholders.
The approval was given at a stakeholders meeting which was held in lagos recently. Alsothe right issue would be offered to the existing shareholders on the basis of one new ordinary shares for every four ordinary shares held by them as at Friday July 6, 2007.
The Managing Director/CEO, Japaul Oil & Maritime Services Plc, Mr. Paul. A Jegede said the purpose of the offer is enable the company meet its expansion and diversification plans in key areas of oil servicing and maritime services.
The breakdown of utilization of the funds is as follows: Acquisition & Offshore oilfield support vessels 43 per cent; Acquisition of equipment & accessories 23.66 per cent; Investment in construction materials for oil field facilities 21.5 per cent; Infrastructure & Fabrication facilities 8.6 per cent and working capital 2.23 per cent.

The Joint Issuing Houses include: First Inland Bank Plc, and Futureview Financial Services Limited. The offer closes on Wednesday, October 31, 2007.

Like the offer public offers, Japaul minimum shouldnt be more than 1000 units minimum the public offer price will be N3.95

I will post the application form and prospectus as soon as they are out. My company is one of the receiving agents so I will be getting regular information and keep you guys posted.

Ade
www.citiinvestcap.com

Thanks Atilla, I will be looking forward to it.

Hey Guys,
Let some one out there keep me informed as some the offer hits the open market I am HIGHLY interested

denoleman@yahoo.com
08035010042,08058003556

Hi Atilla,
Can u accept GT Bank GDR allotment notice of up to 100k as evidence of  share holding 

@atilla,

How do I enter my CSCS # on the form.  It's not available on the form.

hey guys! i'm interested in this offer but i don't have cash yet. please does anyone know when the offer will end.

@ dachoji

Japaul po opens on 24/9/07 and closes on 31/10/07 best luck

HI Panadol. quick question please where did u get the link to the prospectus. I  was crawling their website so I was suprised not to find it and then u posted it up.   Hmm u have good eyes sha. Thanks

@atilla, I have the forms scanned and I will be emailing to a friend to make payment for me. Are there any other charges that needs to be paid? (for instance say i'm buying 1000units @ #3,900 naira, is that the amount needed)

 I'm trying to make sure I get the right amount of money across to the person doing me a favor, thanks.

Hello Atilla,

My concern is when will my cscs account be credited? or share certificate issued.The offer is a good one

I can't imagine my money tied down for over one year.

I will appreciate your response

Can someone please help me answer my question, can the filled out application form be taken to any branch of first inland bank for payment?

thanks sweet aura, !

Does it mean you will make payment and submit your form at any First inland Bank??

@Sobola

Yes they can invest with us.  We are making a way to monitor your stocks online but as of right now we send evaluation reports every week and a statement of your account with us.

The minimum right now is 100,000 to open an account with us and the money will be used only to buy shares for you.
The profit will be calculated by removing the price you are sellin from the price you bought the share. For example if you bought Airline services at 15 naira and sell it at 20 the profit is Five naira * the amount of shares that you bought.

I hope that helps. Please mail me on  if you want more info.

talking about japaul-is it good for the  short term or long term