PACRA to list on PSX’s GEM board via offer for sale

June 20, 2025 (MLN): The Pakistan Credit Rating Agency Limited (PACRA) is set to be listed on the Pakistan Stock Exchange’s (PSX) Growth Enterprise Market (GEM) Board through an offer for sale.

The company will offer its entire issue of 7.45 million ordinary shares, equivalent to 10% of the total post-offering paid-up capital, through a book-building process using the Dutch Auction Method.

The floor price for the offer has been set at Rs10.75 per share, which includes a premium of Rs9.75.

The upper limit of the price band is capped at 40%, translating to Rs15.05 per share, as per the press release issued.

At the floor price, PACRA aims to raise Rs80.1m while at the upper limit, the proceeds could reach up to Rs112.16m.

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.

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

The shares being offered are ordinary shares with a par value of Rs1 each.