Lead sponsors of the initial public offer by Transactions Solutions (Transol) are promising investors of higher gains on the IT stock.

They say the financial performance of Transol shows that it will post good prices when listed.

The share offer of the IT Company, which started on the 7th of November, has only a week more to go. It is offering its shares at 1000 cedis per share to raise some 20 billion cedis for further expansion.

Transol pays 35 percent of its profits as dividend and the sponsors say the dividend policy, coupled with its performance will inform how well it will do on the stock market.

Idrisu Alhassan Mahama, Head of Ecobank Brokerage, one of the sponsors of the initial public share offer told Joy Business Report that prospects for high performance are indeed bright.

“At least Ecobank Ghana has given us the indication that when a company constantly grows its profits or its bottom line, it will definitely have an impact on its profit just as Stanchart also did. We think that with the projection that Transol has, given its price, people are going to have real return on its price and shareholders fund.

“I will not stick my neck out for any prediction of the price where it will get to probably in the half year or first quarter next year but I think that Transol price will actually go up and give capital gains to investors.”