Integrated Equities sets PACRA strike price at Rs15.05 per share

June 23, 2025 (MLN): Integrated Equities Limited has determined the strike price of Rs15.05 per share for the Pakistan Credit Rating Agency (PACRA) through the Book Building process held on June 18 and 19, 2025.

This is with reference to the approval letter dated 10 June 2025 regarding PACRA’s listing on the Growth Enterprise Market (GEM) Board.

During the Book Building process, PACRA received total participation of Rs396.23 million against the issue size of Rs80.11m at the floor price of Rs10.75 per share, as per the notice issued by PSX.

The upper limit of the price band was capped at 40%, which translated to Rs15.05 per share. As a result, the proceeds from the issue could reach up to Rs112.16m

The issue was oversubscribed by 6.04 times based on the floor price and by 4.1 times based on the strike price.

A total of 84 investors participated in the Book Building, out of which 81 investors were successful.

A category-wise breakdown of the successful investors reveals that Mutual Funds were allocated 977,238 shares, while TREC Holders received 1.8m shares.

In addition, Other institutions and corporations were allocated 460,542 shares, and High Net Worth Individuals received 4.13m shares. In total, 7.45m shares were allocated.

The GEM Board is specifically tailored for emerging and high-growth businesses, including small, medium, and greenfield enterprises, offering them access to public capital under more flexible listing requirements.

With this listing, PACRA will become the fifth company to be listed on the platform, following Supernet Limited, Burj Clean Energy Modaraba, NETS-International Group, and BlueEX.