Beverage

Beverage Cans IPO oversubscribed three times; raises Rs4.6 billion

KARACHI: The book-building phase of Pakistan Aluminium Beverage Cans Ltd (PABC)’s Initial Public Offer (IPO) has concluded with an oversubscription of 3.3 times, the company said on Wednesday. The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 49/share, 40 percent higher than the […]

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Citi Pharma

Citi Pharma’s IPO oversubscribed; Rs2.32 billion raised in book building

KARACHI: The book-building process of Citi Pharma’s Initial Public Offer (IPO) has concluded with an oversubscription of 2 times, according to Topline Securities, advisor and book runner of the issue. “The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 32/share, 14.3% higher than the […]

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SEC Pakistan

Companies listing simplified to promote capital formation: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has said amendments have been made to regulations related to Initial Public Offering (IPO) to make listing simplified for promoting capital formation through securities market. In a statement on Friday, the SECP said that it revamped initial public offering (IPO) regime to make the IPO process […]

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