IPAK offers general public portion of IPO at discounted rate

MG News | May 13, 2024 at 09:53 AM GMT+05:00

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May 13, 2024 (MLN): International Packaging Films Limited (IPAK) has decided to offer shares to the general public at a discount to the strike price determined through the book building.

Arif Habib Limited (AHL), the lead manager and joint book runner for the IPO shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

.As a highly appreciated goodwill gesture, IPAK has agreed to offer shares to the General Public at Rs24.00 per share,” reads the notice.

This is a 4.76% discount to the strike price of Rs25.20, against subscriptions of 500, 1000, 1,500, and 2,000 shares.

Meanwhile, subscriptions above 2,000 shares will be issued at the Strike Price of Rs25.20.

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