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.
The Aga Khan University (AKU) has launched the AKU Manual of Pediatrics, a free, locally…
Unilever Pakistan hosted the Competition Commission of Pakistan (CCP) at its Head Office for a…
SHINE Humanity, under its Healthy Schools Initiative, conducted a three-day training of teachers in August…
Bank Alfalah, one of Pakistan's leading commercial banks, has partnered with Alfalah Insurance to introduce…
Master Auto Engineering (MAE), the official partner of Chery vehicles in Pakistan, celebrates another major…
BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the appointment of Kevin Lee…
This website uses cookies.
