Blue-Ex moves to PSX Main Board with Rs65m IPO
MG News | October 15, 2025 at 01:08 PM GMT+05:00
October 15, 2025 (MLN): Pakistan's leading logistics company Blue-Ex Limited is set to migrate from the Growth Enterprise Market (GEM) Board to the Pakistan Stock Exchange (PSX) Main Board, marking a significant milestone in the company's growth trajectory.
Blue-Ex Limited, currently listed on PSX's GEM Board, has
formally applied for migration to the Main Board through an Initial Public
Offering (IPO). The Pakistan Stock Exchange confirmed the development in an
official notice released on October 15, 2025.
The public offering comprises 1,000,000 ordinary shares with
a par value of PKR 10 per share, offered at a fixed price of PKR 65 per share.
The total issue size amounts to Rs65m, with KTrade
Securities Limited and LSE Capital Limited serving as Joint Lead Managers to
the offering.
The migration from GEM Board to Main Board represents a
company's maturation and compliance with stricter regulatory requirements.
Companies listed on the Growth Enterprise Market that meet
specific criteria set by PSX can apply for migration to the Main Board, which
typically offers better liquidity and visibility to investors.
Blue-Ex Limited is a prominent Pakistani logistics and
courier services company that has established itself as a key player in the
country's e-commerce and delivery sector. The company's decision to migrate to
the Main Board shows its strong financial performance and growth potential.
In compliance with the Public Offering Regulations, 2017,
the Securities & Exchange Commission of Pakistan (SECP) requires public
consultation on the draft prospectus.
The draft prospectus
became available on October 15, 2025, and stakeholders have until close of
business on October 21, 2025, to submit their comments to the Pakistan Stock
Exchange.
Blue-Ex's migration to the PSX Main Board is expected to
enhance the company's market credibility and improve stock liquidity for
existing shareholders.
The move is likely to attract institutional investors and
provide better access to capital markets for future expansion. This strategic
transition demonstrates the company's commitment to meeting higher corporate
governance standards.
KTrade Securities Limited and LSE Capital Limited are
serving as Joint Lead Managers for this offering. Both firms are responsible
for managing the IPO process and ensuring full compliance with SECP regulations
throughout the migration and listing procedures.
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