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HomeEquityBook Building Of Divestment Of Pakistan Stock Exchange Shares

Book Building Of Divestment Of Pakistan Stock Exchange Shares

(Karachi, Tuesday, June 6, 2017): The shares of the Pakistan Stock Exchange Limited are being offered to High Net-Worth / Institutional Investors and the Retail Investors at a Floor price of Rs.28/- per share. The quantum of public offering is 160 million shares. The entire issue is being offered via book building process to Institutional / High net-worth individual’s investors. However, the 25% of the offer size i.e. 40.074 million shares shall be offered to the Retail Investors at the strike price determined through the book building mechanism and any shares that remain unsubscribed by the general public shall be allocated at pro-rata, to successful investors as per the book building process.

The divestment of shares of Pakistan Stock Exchange is a historic event and provides great opportunity to investors to acquire shares of country’s only Stock Exchange. This offering to the public is taking place after Chinese led Consortium bought 40% of the PSX shareholding at a price of Rs. 28/- per share.

This public offering of shares of the Exchange will be second offering of securities exchange in South Asia after Bombay Stock Exchange offer shares to the public four months back which was highly oversubscribed.

The details / procedure for applying for the shares is available in the offering document published by the Exchange, which can be accessed through PSX website i.e. www.psx.com.pk as well as the websites of lead consultant and joint consultants of the issue.

The registration of eligible investors has already commenced w.e.f. June 1, 2017 and will close on June 7, 2017. The bidding period dates are June 6 & June 7, 2017 from 9 am to 5 pm.

Posted on: 2017-06-06T17:43:00+05:00
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