KARACHI
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 quantity 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, 25 per cent 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 for investors to acquire shares of country’s only stock exchange. This offering to the public is taking place after the Chinese led Consortium bought 40 per cent of the PSX shareholding at a price of Rs. 28/- per share.
This public offering of shares of the exchange will be the second offering of securities exchange in South Asia after the Bombay Stock Exchange offered shares to the public four months back which was highly oversubscribed.
The registration of eligible investors has already commenced w.e.f. June 1st, 2017 and will close on June 7th, 2017. The bidding period dates are June 6th & June 7th, 2017 from 9 am to 5 pm.
