International Packaging Films (IPAK): Offering 70mn share at floor price of Rs21/share – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Stock Exchange (PSX) is set to witness another IPO of 2024, where book building is scheduled on May 08-09, 2024.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">International Packaging Films (IPAK) is offering 70.105mn shares with floor price of Rs21/share (Rs1.472bn, US$8mn) and cap of Rs29.4/share (Rs2.061bn, US$12mn). The market capitalization of the company post IPO would be Rs14.7bn-20.6bn (US$83-116mn)</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Issue is being made through 100% book building process whereby the bidders shall place bids for 100% of the Issue Size. However, the successful bidders shall be allocated only 75% share...