PABC IPO general subscription starts today
June 29, 2021
KARACHI: The Pakistan Aluminium Beverage Cans Ltd (PABC) will offer 23.4 million shares or 25 percent of its total initial public offering (IPO) for general subscription on Tuesday (today) at the strike price of Rs49, a statement said.
The IPO subscription for the general public would remain open on June 29 and 30 from 9:00am to 5:00pm, during the banking hours, while e-IPO process would continue for 24 hours, the statement added. The book-building phase of PABC concluded last week with an oversubscription of 3.3 times and highest ever record-breaking participation of Rs10.8 billion by investors, making PABC the largest IPO after Interloop from the private sector. The company had stated that it planned to raise Rs3.3 billion through an IPO on the PSX by the end of June.
PABC IPO general subscription to start from June 29
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PABC raised 4 6 billion through book building
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