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ABHI Microfinance Bank plans to raise billions thru IPO
KARACHI: ABHI Microfinance Bank planned to raise between Rs 2 billion to Rs 3 billion through an initial public offering (IPO) of 132 million ordinary shares on the Pakistan Stock Exchange (PSX), with a floor price of Rs15 per share. According to details disclosed to the PSX, the book-building process will take place on November 5 and 6, while the retail subscription period is scheduled for November 12 and 13. The book-building portion comprises 99 million ordinary shares, representing 75 percent of the total issue, at a floor price of Rs15 per share, including a premium of Rs5 per share. The ...
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