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.
Karachi Judicial Magistrate South Court accepted jail administration's plea to exempt Anmol Pinky, known as…
North Korea has unveiled a new facility for producing nuclear bomb fuels, according to the…
All parties Conference held in Muzaffarabad An All Parties Conference (APC) was held in Muzaffarabad…
Senior leaders of MQM-P Dr Farooq Sattar, addressing a press conference in Karachi after unveiling…
Supreme Court of Pakistan Orders Islamabad High Court to Decide Mazari and Chatta Case On…
Governor Khyber Pakhtunkhwa Faisal Karim Kundi met with Senate Chairman Syed Yousaf Raza Gilani to…
This website uses cookies.
