The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar General Takaful Limited (PQGTL) starting January 28th, following a strong response from institutional investors during the book-building phase.
A total of 7.5 million shares, representing 25 percent of the total IPO size, will be available to retail investors at a strike price of Rs14 per share.
The subscription window for the general public will remain open for 24 hours on January 28 and 29.
The IPO’s book-building phase, which concluded last week, was oversubscribed 21 times, signaling strong demand from institutional investors and high-net-worth individuals. The total participation of interested investors amounted to PKR 4.74 billion.
The strike price of Rs14 per share was set 40% above the floor price of Rs10, helping the company raise Rs 420 million in funds.
With the general public subscription now open, market watchers anticipate active participation, following the robust institutional interest observed earlier.