February 10, 2021 (MLN): Arif Habib Limited on Wednesday informed PSX that it received applications for a total 19,196,500 ordinary shares against the issue size of 10,000,000 ordinary shares for Panther Tyres Limited.
Following is a summary of public subscription of Panther Tyres Limited:
Description
Number of Application
Number of Shares
Amount
Application for 500 shares
2,138
1,069,000
70,340,200
Application for 1,000 shares
1,082
1,082,000
71,195,600
Application for 1,500 shares
254
381,000
25,069,800
Application for 2,000 shares
398
796,000
52,376,800
Application for above 2,000 shares
485
15,868,500
1,044,147,300
Total
4,357
19,196,500
1,263,129,700
According to Arif Habib, the general public portion has been oversubscribed by 9,196,500 shares amounting to PKR 605,129,700 (1.92x). Subject to scrutiny, applications for up to 2,000 ordinary shares will be allotted all shares that they have applied for and applications for above 2,000 ordinary shares will be allotted shares on pro rata basis.