TPL Trakker set to raise Rs 1.4 billion through IPO

News Image

By MG News | February 06, 2020 at 10:59 AM GMT+05:00

0:00

February 6, 2020 (MLN): TPL Trakker Limited, the pioneer in the GPS tracker industry in Pakistan has applied for Listing at Pakistan Stock Exchange (PSX), aiming to raise around Rs 1.4 billion through an initial public offering (IPO) in order to expand its operations.

According to the draft prospectus issued by the company to PSX, the company planned to issue 83,400,000 ordinary shares (representing 40.91% of the post-IPO paid-up capital of TPL  Trakker Limited), having the face value of PKR 10 each to the general public with a Green Shoe Option of up to an additional 32,319,500 Ordinary Shares at an Issue Price of PKR12.00/-per share (including premium of PKR 2.00/-per share).

The entire issue will be made through the IPO at the fixed price in accordance with the Public Offering Regulations 2017.

In this regard, the Exchange has placed the Draft Prospects of the company on its website under the caption "Public Comments on Draft Prospectus of TPL Trakker Limited" for seeking public comments, latest by February 14, 2020.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg