International Packaging Films Limited IPO’s book-building phase will be held on May 08 and 09, 2024. High-net-worth individuals and institutional investors will subscribe to 70.1 million shares. The book-building phase will start at the floor price of Rs 21 per share. Based on investor interest during the book-building process, the strike price can rise by 40% (Rs 29.4 a share), thus helping the company collect Rs 2.04 billion.

Following the book-building process, successful bidders will be provisionally allocated 75% of the issue size, which amounts to 70.1 million shares. This presents a significant opportunity for investors to secure a substantial portion of the IPO.

The 25% issue size will then be offered to retail investors at the strike price.

Investors are drawn to the unique opportunity to invest in the largest packaging film manufacturer in Pakistan, a company with a proven track record of high growth potential.

International Packaging Films Limited aims to raise Rs 1.47 to 2.04 billion by offering a 10.01 stake to institutional and ordinary investors.

International Packaging Films Limited has demonstrated strong financial performance, with net sales of PKR 19.9 billion in 2023, a gross margin of 27%, and a profit before tax of 2.9 billion. Its net profit after tax was 1.6 billion, and the company has maintained a 3-year revenue CGAR of 41%.

The group collectively offers a complete portfolio of packaging solutions, producing BOPP, CPP, and BOPET films. It is the first group in Pakistan to provide one-window flexible packaging solutions in two strategically important locations.