BF Biosciences IPO closes at Rs77 strike price

MG News | September 27, 2024 at 09:34 AM GMT+05:00

0:00

September 27, 2024 (MLN): BF Biosciences Limited's initial public offering resulted in a strike price of Rs77 per share, which is the upper limit of the 40% price band, determined through Book Building conducted on September 25 and 26, 2024.

The IPO received total participation of Rs4.67 billion against the issue size of Rs1.375bn on the floor price, an oversubscription of 3.4x.

A total of 241 investors participated in the Book Building of BF Biosciences Limited, of which 185 investors were successful.

Arif Habib Limited, the lead manager and book runner to the issue has provided a category-wise breakup of successful investors:

Category wise Investors	Shares Allocated
Insurance Companies	1,259,378
Commercial Banks	2,718,864
Mutual Funds	5,347,039
TREC Holders	5,647,657
Provident/Pension Funds	12,476
Other Institution/Corporates	1,296,802
High Net Worth Individuals	2,467,784
Total	18,750,000

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	0.00 0.00	-2470.00 -2.11%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	0.00 0.00	-0.66 -1.12%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%