Supernet scrip receives overwhelming response

KARACHI: Supernet Limited, the first IT company to be listed at GEM Board of PSX, has received overwhelming response by investors on first day of its book building on April 12, 2022. The book buying is continued on April 13, 2022 (today) too. With an oversubscription of 1.99% on first day of its book building, […]

by Hamza Shahnawaz

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

Jun 23

Corporate

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 […]

by Mrs. Anjum Shahnawaz

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

Jun 16

Corporate

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 […]

by Mrs. Anjum Shahnawaz

Citi Pharma’s IPO book building starts June 15

Jun 14

Corporate, Stock & Commodity

Citi Pharma’s IPO book building starts June 15

KARACHI: Citi Pharma IPO’s book building phase is scheduled to held on June 15 and 16, 2021 where high net worth individuals and institutional investors will subscribe to 75 per centof the issue size (54.5 million shares), according to a statement issued on Monday. The book building will start at the floor price of Rs28 […]

by Mrs. Anjum Shahnawaz

Agha Steel’s IPO receives overwhelming response

Oct 7

Corporate, Stock & Commodity

Agha Steel’s IPO receives overwhelming response

KARACHI: The Initial Public Offering (IPO) of Agha Steel has received overwhelming response from investors as it was oversubscribed at the book building phase on Wednesday. The IPO received an overwhelming response from institutional investors and high net worth individuals as the strike price clocked in at Rs32 per share, higher than the floor price […]

by Mrs. Anjum Shahnawaz

Companies listing simplified to promote capital formation: SECP

Jan 10

Stock & Commodity

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 […]

by Mrs. Anjum Shahnawaz