It has been quite awhile when we had IPO news. This time we have a service company in the maritime industry to list its share in the Philippine Stock Exchange.
Harbor Star Shipping Services Inc. is a company primarily engage in Harbor docking, towage, and related services in the maritime industry. They maintain a fleet of tugboats all over the Philippines and have regional offices in Davao and Cagayan de Oro while their head office is at Metro Manila.They are the first and only ISO 9001:2000 certified Tug Company and a member of the International Marine Contractors Association (IMCA).
Based on the initial prospectus(which you can download from PSE’s website by clicking here) the company is expanding its operations.
Details of the offer(from the prospectus above) are below:
Offer shares: 181,600,000 Common Shares with a par vale of
Offer price: Up to 3.27 pesos per share
Offer Period:July 22-26, 2013
Expected listing date: August 2, 2013
Further reading about this IPO are below: