International Packaging Films Limited IPO Receives Overwhelming Response from Investors! The book building process of International Packaging Films Limited’s (IPAK) Initial Public Offer (IPO) has concluded with an oversubscription of 1.73 times, the company said today. “The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in…
International Packaging Films Limited (IPAK) IPO’s book-building phase will be held on May 08 and 09, 2024 where high net worth individuals and institutional investors will subscribe to 70.1 million shares. The book building will start at the floor price of Rs 21 per share. Based on the interest from investors during the book-building process,…
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2024, delivering a strong topline growth of 21% (PKR 27.5 billion compared to PKR 22.7 billion in the same period last year) despite the challenging operating environment and economic slowdown. This increase was fueled by volume growth and relevant consumer offerings. The Company witnessed…
International Packaging Films Limited intends to raise PKR 1.47 billion by issuing 70.1 million shares to the public representing 10.01% of its post-IPO paid-up capital at a Floor Price of PKR 21.00/share. The Book Building Dates are 8th & 9th May. The Company will utilize the proceeds raised from IPO for early repayment of long-term…
Nestlé Pakistan ended the year on a positive note, with an increase of 23.4% in its revenue as compared to FY 2022. The results were shared after the Board of Directors’ meeting at the Company’s Head Office. Despite several external challenges, a focus on innovation and renovation and ensuring product availability, supported by investments behind…
On a consolidated basis, Engro Corporation’s revenue grew by 35% to PKR 482 billion in 2023, while consolidated PAT before accounting impact due to remeasurement of thermal energy assets increased to PKR 66 billion versus PKR 46 billion last year, recording an EPS of PKR 63.01. Major variance is attributable to higher urea sales, efficient…
The Board of Directors of Meezan Bank, has approved the financial statements of the Bank and its consolidated financial statements for the year ended December 31, 2023. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board, Mr. Faisal A. A. A. Al – Nassar – Vice Chairman of the Board…
PTCL Group, Pakistan’s leading telecom and ICT services provider has achieved a double-digit revenue growth of 25.8% during the financial year 2023. PTCL Group has maintained its strong performance, strengthening its status as Pakistan’s top integrated telecom service provider. Pakistan Telecommunication Company Limited (PTCL), posted 15.4% growth in its revenues, owing to its strong performance…
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, achieved record urea production of 2.3 million tons in 2023 to support the Government’s efforts of ensuring affordable and abundant supplies for the farmers. The Company was able to achieve this feat and continued to play a pivotal role towards enabling the food security of Pakistan, amidst the…
The Pakistan Stock Exchange (PSX) witnesses a severe downturn as political and economic uncertainty in the aftermath of recent elections triggered a substantial crash in the benchmark KSE-100 index. Stock crumbles by over 1200 points, reflecting the heightened concerns and reactions of investors to the prevailing conditions. Key Highlights of the Market Downturn: Election-Induced Uncertainty:…
