Thursday, November 14, 2024

Secure Logistics Group – Result of Book Building

SLG becomes the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX).

Issue size of PKR 600 mn was oversubscribed with strike price of PKR 12/share.

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A well-rounded participation was observed with strong participation from institutions (76%) and high net-worth individuals (24%).

Amongst institutions, financial institutions & mutual funds contributed 27% while Corporates & Others (49%).

Pre-IPO capital raise was PKR 585 mn led by existing institutional shareholders i.e. Saudi Bugshan Group and Karandaaz Pakistan translating into a total capital raise of PKR 1.19 bn

Arif Habib Limited was the lead manager and book runner for the issue.

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Zayn
Zayn
Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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