The IPO of Petrola Hellas, the Greek oil refiner that belongs to the Latsis group, has been successfully completed on Friday February 23. The offer price has been set at ?6.16 (or Grd 2,099).Overall the offering was 1,5 times covered. The offer to retail investors was covered 1,2 times while the offer to domestic and international institutional investors was covered 2,2 times.Total demand from retail investors and institutions reached Grd 66,8 bn, out of which Grd 38,5 bn was retail demand and Grd 28,3 bn was institutional demand.With regard to allocation, 70% of the shares on offer (i.e. 14,357,000) were allocated to retail and 30% of the shares on offer (i.e. 6,153,000) were allocated to domestic and international institutions.The allocation of shares to domestic and international institutions that participated in the Bookbuilding process was driven, among other things, by the type and quality of investors.