BF Biosciences Limited (BFBIO): IPO Offering 25mn share at floor price of Rs55/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 Sep 25-26, 2024.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">BF Biosciences is offering 25mn shares with floor price of
Rs55/share (Rs1.375bn/US$4.9mn) and cap of Rs77/share (Rs1.925bn/US$6.9mn). The
market capitalization of the company post IPO would be Rs4.9bn-6.8bn
(US$18-25mn).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The proceeds from the IPO will be utilized to (1) purchase
raw and packing materials to meet the post expansion working capital needs, (2)
purchase of plant & machinery to broaden the product base and improve
proc...
