Laugfs IPO: Subscribe, says Asia Securities

The Initial Public Offering of Laugfs Gas Ltd. (LGL) is now open for subscription and Asia Securities says investor appetite for LGL remains strong. “Strong upside for both types of shares (voting and nonvoting on offer) could be expected in the short to medium term,” Asia has said, in addition to recommending investors to subscribe to the IPO. Here are excerpts from the IPO update done by Asia Securities Research Team: