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AGP Limited (AGPL): First Pharma IPO in Over Two Decades – By Elixir Research

  • By: Elixir Securities Pakistan (Private) Limited

  • - Published: Wednesday, 07 February 2018
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Major shareholders of AGP i.e. OBS Pakistan and M&amp;P intend to offer combined 35mn shares to the public at a floor price of PKR80/sh. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">AGP plans to invest ~PKR900mn into expansions of its two plants and development of a Nutraceutical manufacturing facility as it gears up to meet regulatory requirements and cater to the growing future demand.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management projects revenues to grow at a CAGR of 19% leading to 20% CAGR in profitability over the next seven years as they 1) expect strong growth in existing products, 2) plan to introduce new products, 3) eye growth in Nutraceutica...

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