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Panther Tyres’ IPO oversubscribed by 1.92x

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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.

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Posted on: 2021-02-10T17:44:00+05:00

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