Lahore: Habib Metro Modaraba shares are set to get listed on the Pakistan Stock Exchange (PSX) as its initial public offering starts from September 19th.
In March, Profit reported SECP had issued a formal authorization to Habib Metropolitan Modaraba Management Company (Private) Limited (HMMMCPL), a wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), to float another modaraba of Rs300 million under the name of “Habib Metro Modaraba.”
During mid of July, Habib Metro Modaraba had announced it would be listing on the PSX and submitted a draft prospectus for issue of Modaraba certificates to the general public/retail investors.
Subscribing for Habib Metro Modaraba’s shares can be done electronically using Meezan Bank’s internet banking via their website, mobile banking app and through any of the branch’s designated ATM machine.
The dates for subscribing to the IPO will start on 19th September and continue till 20th September. A minimum subscription of 500 shares @PKR 10 or multiples thereof will be allowed.
The process to subscribing for this IPO has been simplified by Meezan Bank which can be done by following these steps:
- Subscribe electronically through CDC portal: https://www.cdceipo.com and make your payment through Meezan Bank Internet Banking, Mobile Banking Application or any of their 570+ ATMs across the country.
- Visit your nearest Meezan Bank branch
- Visit website to learn more: https://www.meezanbank.com/eipo/
