Sitara Petroleum Service concludes public subscription with Rs2.7bn in bids
MG News | May 15, 2026 at 12:17 PM GMT+05:00
May 15, 2026 (MLN): Sitara Petroleum Service Limited has
received an overwhelming response to its Initial Public Offering (IPO), with
the public subscription figures reaching a total of 143,505,000 ordinary
shares.
This significant demand comes against an initial issue size
of 42,000,000 shares, representing an over-subscription of approximately 3.4
times.
The subscription process, which took place on May 11 and 12,
2026, drew in 23,757 applications from various investor categories via the PSX
and CDC e-IPO systems.
The subscription data reveals that the highest volume of
interest came from large-scale investors, with applications for more than 2,000
units accounting for over 124 million shares.
Under the established allocation rules, applicants for up to
2,000 shares will have their requests filled in full, while those who applied
for amounts exceeding 2,000 units will receive allotments on a pro-rata basis.
Total funds generated through these applications amounted to over Rs. 2.71
billion.
The aforementioned information was disseminated
through a notification to Exchange, by Arif Habib Limited.
Public Subscription Summary
|
Application Category of Shares |
No. of Applications |
No. of Shares |
Amount (Rs.) |
|
500 |
6,582 |
3,291,000 |
62,199,900 |
|
1000 |
5,872 |
5,872,000 |
110,980,800 |
|
1500 |
1,880 |
2,820,000 |
53,298,000 |
|
2000 |
3,623 |
7,246,000 |
136,949,400 |
|
Above 2,000 Units |
5,800 |
124,276,000 |
2,348,816,400 |
|
Overall Total |
23,757 |
143,505,000 |
2,712,244,500 |
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