Karachi : 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. 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.
Advertisements
