Universal Networks Systems Limited (UNSL): Benefiting from pandemic-induced consumer shift – By Alfa - Akseer Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Universal Network Systems Limited (UNSL) is offering 6.85mn shares or 25% of post issue capital to raise PKR 446 mn (USD 2.5mn) through getting listed on GEM (Growth Enterprise Market) board of PSX It is the second listing on the board after Pak Agro Packaging in the small business space. UNSL will be the first fully integrated ecommerce logistics company going for the listing.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The offer price is fixed at PKR 65/share, with a premium of PKR 55/share to par value of PKR 10/ share. We believe the company is in high growth phase with exponential revenue generation in international freight and e-commerce during FY21. We expect the trend to continue post IPO funds utiliza...