Blue-Ex moves to PSX Main Board with Rs65m IPO

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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