Kazakhstan, Astana, Nov 6 /Trend D. Mukhtarov/
Applications worth 104 million tenge was accepted for opening brokerage accounts to buy stocks of KazTransOil during the first day for applications, CEO of the group companies of KazMunaiGas Nurlan Balgimbayev said during a road show of KazTransOil on Tuesday.
During the road show, sources at the Kazpost national company said that the applications came to six million tenge.
Acceptance of applications for the purchase of shares of JSC KazTransOil in the frame of the programme was launched on Tuesday. The value of one ordinary KazTransOil share during the initial offering on the organised securities market was previously set at 725 tenge (150.86 tenge =1 dollar) per share. Possible application size is seven million tenge.
The People's IPO will allow the citizens of Kazakhstan to become co-owners of the major national companies.
The programme envisages a phased placement of the shares of the biggest and stable state companies on the stock market in 2012-2015. KazTransOil Company will first conduct the IPO in 2012. The shares of KEGOC, Air Astana, Kazmortransflot, Samruk-Energy and KazTransGas will be placed in IPO in 2013. Kazakh Railway, Kaztemirtrans will hold IPO in 2014, with Kazatomprom and KazMunaiGas in 2015.