SLG became the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX). The issue size of PKR 600 mn was oversubscribed, with a strike price of PKR 12/share. 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%).
The 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 bookrunner for the issue.
Humble Advice to All… Don’t fall in artificial numbers
In reality Company is in Huge losses, near to Bankruptcy,,, Financial books have a lot fraud numbers not as per reality…
To pay huge interest they already sold Vehicles, no sales
Be AWARE not to loose your money……!!