Interloop raises Rs5.02bn through largest private sector IPO

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  • General public will be offered shares on 21st and 22nd March at a price of Rs46.10 per share

Interloop Limited successfully raised Rs5.02 5 billion through the largest private sector Initial Public Offering (IPO), placing it amongst the top 50 companies listed on the Pakistan Stock Exchange by market capitalization.

The two-day book building process was oversubscribed by 1.37 times with price closing at Rs46.10 per share. The total demand received was Rs6,727 million against total issue size of Rs4,905 million. Arif Habib Limited is the consultant for this IPO.

Interloop is one of the world’s largest hosiery manufacturers and has an annual turnover in excess of Rs30 billion. Pakistan’s seventh largest exporter generates approximately 90pc of its revenue through exports.

This IPO received widespread participation from investment community ranging from major commercial banks, insurance companies, local and foreign institutions, asset management companies, TREC holders and high net worth individuals.

The general public will be offered shares on 21st and 22nd March at a price of Rs46.10 per share.

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