October 02, 2020 (MLN): Avanceon Limited and BMA Capital today signed the mandate for the planned Initial Public Offering of Avanceon Limited’s wholly-owned subsidiary Octopus Digital
According to the notification to PSX, Senior Management from both companies were present at the signing ceremony. Mr. Bakhtiar H. Wain, Founder and CEO of Avanceon, and Mr. Moazzam Malik, Chairman, and CEO of BMA Capital, signed the agreement.
At the signing ceremony, Mr. Tanveer Karamat (President of Avanceon), Mr. Saeed Ullah Khan Niazi (Chief Financial Officer) and Mr. Asmar Atif (Chief Intrapreneur Octopus Digital) were also present.
It is pertinent to mention that Octopus Digital will be the first Technology Company to go Public in Pakistan in five years.
Octopus Digital specializes in helping businesses digitalize their manufacturing, supply chain, and financial workflows backed by strategic and operational maintenance support services. It is a unique enterprise that will fill the technology chasm facing the industrial sector in Pakistan today.
The company is already assisting many of its customers to digitalize their processes which will boost exports, increase productivity, and help them become more energy-efficient.
BMA Capital prides itself on introducing new and innovative companies to Pakistan’s capital market. It is one of the leading financial institutions in Pakistan offering a diverse range of services.
