Archive · Business Recorder
ABHI IPO price holds steady at Rs15/share on first day of book-building
ABHI Microfinance Bank Limited’s share price stuck to its opening price of Rs15 on the first of the two-day book-building at the Pakistan Stock Exchange (PSX) on Thursday, as it aims to mobilise a minimum of Rs1.98 billion through initial public offering (IPO) to strengthen and expand its business. The share price is allowed to increase by a maximum 50% (or up by Rs7.5) to Rs22.50, from the floor price of Rs15, in the two days of book building culminating on Friday (Nov 6), according to PSX bidding screen and ABHI prospectus. Investors placed bids for 79.07 million shares on the first day of b...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →