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Articles for tag: 1.47bn, company, film, IPAK, IPO, Packaging, Packaging tape company, plans, PSX, Shares

April 28, 2024

Packaging film company plans Rs 1.47bn IPO

KARACHI: International Packaging Films (IPAK) has planned to raise at least Rs1.47 billion through the placement of its 70.1 million shares at a price starting at Rs21 per share on the Pakistan Stock Exchange (PSX) early next month. PSX’s book-building rules allow a maximum 40% increase in the share price to Rs 29.40 during the offering from the floor (initial) price in the two-day initial public offering (IPO) scheduled for the second week of May 2024 The offer of 70.1 million shares is equivalent to 10.1% of the company’s share capital. In a statement, the company said it will use

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