Karachi: In a notification sent to the bourse on the 1st of August, AGP Limited has announced that it will be conducting an initial public offering (IPO) for getting itself listed on the PSX.
In a draft offer for sale document sent to the bourse, AGP Limited notified of its decision to get itself listed on the stock exchange and will be offering 35m shares at a floor price of Rs40 per share which constitutes 12.50pc of its total paid up capital. The IPO of AGP Limited is expected to be held over the next couple of months.
As per the company website, AGP began its commercial operations in 1989 as an independent pharmaceutical manufacturing company in Karachi, Pakistan. It has steadily grown through manufacturing and marketing products under licensing arrangements with many companies of international repute and also through manufacturing and marketing its own brands.
The operations of AGP include manufacturing, marketing and sales of pharmaceuticals and healthcare products in the domestic and export market.