The general public will subscribe 6.25 million shares, 25 percent of the total offer size of BF Biosciences IPO on October 2nd and 3rd at the strike price of Rs 77.
The general public can subscribe the IPO on 2nd and 3rd October from 9.00 am to 5pm during banking hours. However, in the case of e-IPO, the process continues for 24 hours.
BF Biosciences IPO Receives Overwhelming Response from Investors
The book-building phase of BF Biosciences concluded last week with an oversubscription of 3.4 times.
The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 77/share, 40 percent higher than the floor price of Rs 55 and raised Rs 1.93 billion.
Shahid Ali, CEO Arif Habib Limited said that investing in the public offering of BF Biosciences presents a decent opportunity for retail investors to engage with a fundamentally strong company at a more attractive valuation compared to the broader pharmaceutical sector.
This unique positioning allows investors to capitalize on potential growth while benefiting from a favorable entry point.
Pakistani companies are preparing to expand ghee exports to the United Arab Emirates and African…
Newly elected Chairman of the Association of Builders and Developers (ABAD), Muhammad Hasan Bakhshi, has…
Malaysian Prime Minister Dato’ Seri Anwar Ibrahim has arrived in Islamabad for a three-day official…
Iran's Supreme Leader, Ayatollah Ali Khamenei, cautioned Hezbollah leader Hassan Nasrallah to flee Lebanon just…
Finance Minister Muhammad Aurangzeb announced that the government is aiming to complete the privatisation of…
The Election Commission of Pakistan (ECP) has suspended the membership of 11 National Assembly members…
This website uses cookies.
