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.
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Supernet awarded Shariah screening certificate
KARACHI: Supernet Limited, a subsidiary of Telecard Limited has been awarded Shariah Screening Certificate by Meezan Bank Limited, based on the review of consolidated financial statements of SNL, certifying its compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange.
READ MORE: Supernet set to raise Rs475 million through initial offering
This was announced in a notice by Telecard sent to Pakistan Stock Exchange on Monday.
According to Meezan Bank letter, Meezan Bank Limited, in the capacity of Banker to the book building, reviewed the Consolidated Audited Financial Statements of Supernet Limited based on June 30, 2021 which are in compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange.
READ MORE: Supernet wins ZTBL projects worth Rs450 million
On the basis of reviewed financial statements, it is allowed to participate in initial offering of Supernet Limited with the provision that the investee will be required to purify is dividend income as per company’s annual dividend purification rate determined on semi-annual basis in KMI- All Share Islamic Index.
This is pertinent to highlight that the Shariah compliance status of the company’s financial statements may vary from one financial period to the other. So, this certificate shall remain valid as long as company’s latest available financial statements are for the period ended June 30.
READ MORE: Supernet, Avara awarded project for supply, maintenance
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Supernet set to raise Rs475 million through initial offering
KARACHI: Supernet Limited has planned to raise Rs475 million through Initial Offering of its 18.81 per cent of post-offering share capital.
The capital being raised by listing the firm on the GEM Board of the Pakistan Stock Exchange (PSX) will consist of fresh equity of Rs275 million in Supernet and ‘Offer for Sale’ by Telecard Limited of Rs200 million.
Supernet is the first technology company to be listed on GEM Board of PSX.
READ MORE: Supernet wins ZTBL projects worth Rs450 million
The issue consists of 21,111,121 Ordinary Shares, representing 18.81 per cent of the total post-offering paid up capital of Supernet of face value of Rs10 each.
The entire issue will be offered through Book Building on April 12-13 for which registration will Start from April 7 at a Floor Price of Rs22.50 per share, including premium of Rs12.50 per share. The upper limit of the price band will not be more than 40 per cent of the Floor Price.
READ MORE: Supernet, Avara awarded project for supply, maintenance
Super Net is being offered at FY22 PE of 6.7 vs Avg. IT sector PE of 22X, offering significant value to the investors. Out of the total issue, 8,888,889 shares are being offered as Offer for Sale by Telecard and 12,222,232 shares are being offered as fresh equity.
Founded in 1995, it is one of the country’s leading telecommunications service provider and systems integrator. The company offers a full portfolio of local-to-global integrated communications infrastructure solutions to telecoms, defense, private firms and government sectors/customers and has a pool of highly trained and experienced human resource in wide range of communication and IT technologies spread across Pakistan in more than 200 cities and towns.
READ MORE: Supernet awarded telecom projects worth Rs100 million
Recently, Supernet Group is aggressively expanding into Cyber Security, Power Solution and IT & Infrastructure Solutions business. The proceeds from listing will be utilized to finance the expansion plan.
For expansion into new business segments, SNL has set up two new subsidiaries: Supernet Secure Solutions Private Limited and Supernet Infrastructure Solutions Private Limited . Another subsidiary, Phoenix Global (Supernet Global Solutions), is a UAE based company that offers a wide range of IT & Communication solutions to its international clients. Supernet’s clientele include major banks, mobile operators, leading MNCs, government and defence institutions, etc.
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Supernet wins ZTBL projects worth Rs450 million
KARACHI: Supernet Limited has been awarded multiple contracts worth over Rs450 million by Zarai Taraqiati Bank Limited (ZTBL) after competitive bidding process.
The contracts will help ZTBL strengthen the communication and IT infrastructure of their nationwide branch network, mostly in the rural areas of Pakistan.
Supernet is actively upgrading communication infrastructure of the bank with multi-medium communication networks enabling availability of high level uptimes for branches to communicate with their head office.
READ MORE: Supernet, Avara awarded project for supply, maintenance
This will be a managed service model where Supernet will do installation and configuration of its Wide Area Network with ZTBL’s already existing devices for end-to-end seamless communication. The nationwide presence of Supernet’s engineering resources will ensure smooth and fast deployment of this system.
Furthermore, Supernet will also upgrade current Local Area Network (LAN) at all of the bank’s 450+ branches across Pakistan, ensuring installation of high quality passive infrastructure of power and data communication. Bank’s appetite, demand and design of next generation LAN will ensure a long term and durable infrastructure availability in remote areas, which is quite a challenge.
READ MORE: Supernet awarded telecom projects worth Rs100 million
ZTBL’s Executive Vice President and CIO, Aamir Zaffar Chaudry commented, “We are depending upon the Supernet outreach in rural areas to help us in our LAN & WAN projects /operations. Our past experience with Supernet gives us the confident that they will come good on our expectations”.
Hassan Jafri, Vice President and Business Unit Head of Supernet commented, “Award of these contracts translates trust of our client in our services. We are excited and keen to be part of strengthening networks for ZTBL that will ensure helping our country’s agriculture -ecosystem. We will continue working with ZTBL to bring further innovative solutions and their implementation to deliver a true essence of technology for agriculture.”
READ MORE: Suprenet gets project for optic fiber supply
Supernet Limited, one of Pakistan’s leading telecommunications service provider and systems integrator, has been operating since 1995. Supernet offers a complete range of enabling ICT solutions with the expertise to, delver, deploy and maintain them anywhere in the country through a dedicated team of technology professionals.
With presence of its engineering resources all over Pakistan, Supernet has a long-standing experience of providing ICT services to corporate customers. Supernet has expanded its portfolio of services to include cyber security solutions, power solutions, IT Infrastructure solution and software & application solutions.
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Supernet, Avara awarded project for supply, maintenance
ISLAMABAD: Supernet Limited on Wednesday announced that they, in conjunction with their Australian technology partner Avara Technologies Pty Ltd have been awarded a new project within a long-term program that they were awarded in 2021 by a major Pakistani customer.
The new project valued at approximately Rs250 million constitutes Phase 3 of the program for the supply of multiservice multiplexers and associated operations, maintenance, warranty and support services.
READ MORE: Supernet awarded telecom projects worth Rs100 million
The program includes establishment of a repair facility in Pakistan and transfer of knowledge through an expansive training program enabling in country engineers and technicians to rectify faults throughout the equipment’s lifecycle.
Avara’s DynaFlex product family is a flexible, fully featured, access multiplexer with powerful cross-connect and protection capabilities.
READ MORE: Suprenet gets project for optic fiber supply
With the ability to handle a wide range of interfaces like POTS, SCADA, Ethernet, Serial Data and Tele-Protection, the DynaFlex platform is an ideal choice for transporting mission critical TDM services over PDH, SDH, Ethernet or MPLS-TP packet-based interfaces. DynaFlex offers a broad range of hot pluggable channel cards to complement a range of physical interfaces in a modular manner.
In 2021 Supernet and Avara successfully delivered in time the first batch of DynaFlex multiplexers under Phase 1 of the program despite supply chain and logistics challenges due to the COVID-19 pandemic.
The delivery for Phase 2 is under implementation with the newly awarded Phase 3 expected to reach completion towards the tail end of 2022.
Ali Akhtar. Supernet’s Head of BU, Telecoms & Defense and Lasha Aponso, CEO, Avara jointly stated: “This is a major triumph for us right at the start of 2022 and we are thrilled to have been awarded this new project. It reaffirms the trust and satisfaction of the customers in our products and services. On the back of this victory, we’re charging full steam ahead with our plans to expand business in Pakistan.”
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Suprenet gets project for optic fiber supply
Supernet Limited has secured a significant telecommunications infrastructure development project from a prominent Pakistani mobile network operator. Valued at over Rs150 million, the project encompasses the supply of optical fiber and associated equipment, alongside its deployment across various regions in Punjab, as announced by Supernet in a recent statement.
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Supernet awarded telecom projects worth Rs100 million
ISLAMABAD: Supernet Limited, one of Pakistan’s leading telecommunications service providers and systems integrators, has secured telecommunication projects worth Rs100 million
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