{"id":200704,"date":"2021-06-29T05:39:48","date_gmt":"2021-06-29T00:39:48","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=200704"},"modified":"2021-06-29T05:39:48","modified_gmt":"2021-06-29T00:39:48","slug":"pabc-ipo-general-subscription-starts-from-29th-june","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pabc-ipo-general-subscription-starts-from-29th-june\/","title":{"rendered":"PABC IPO General Subscription Starts from 29th June!"},"content":{"rendered":"<p>Karachi<br \/>\nThe general public will subscribe to 23.4 million shares, 25 percent of the total offer size of PABC IPO on June 29\/30 at the strike price of Rs.49. The general public can subscribe the IPO on 29th and 30th June from 9.00 am to 5pm during banking hours. However, in the case of e-IPO, the process continues for 24 hours.<br \/>\nThe book-building phase of Pakistan Aluminium Beverage Cans Ltd (PABC) concluded last week with an oversubscription of 3.3 times and highest ever record-breaking participation of Rs. 10.8 billion by investors making PABC the largest IPO after interloop from the private sector.<br \/>\nThe IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 49\/share, 40% higher than the floor price of Rs 35 and raised 4.6 billion.<br \/>\nPABC supplies beverage Can to the bottlers of all major carbonated drinks, including PepsiCo and Coca-Cola, in both Pakistan and Afghanistan. Exports to Afghanistan constituted 35 per cent of the company\u2019s sales in calendar year 2020.<br \/>\nEstablished on a 20.9-acre piece of land in Faisalabad\u2019s Special Economic Zone with a current rated capacity of 700 million cans per annum, PABC continues to enjoy a 10-year tax holiday. The company is increasing its rated capacity by almost 36 per cent to 950 million cans per annum by July next year.<br \/>\nCompany has grown its revenue at an annualised rate of 18.7 per cent in the last five years. In the third full year of its operation (2020), the company\u2019s net profit amounted to Rs 610.7 million, up 314 per cent from 2019. It expects its bottom line to grow at 140 per cent in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi The general public will subscribe to 23.4 million shares, 25 percent of the total offer size of PABC IPO on June 29\/30 at the strike price of Rs.49. The general public can subscribe the IPO on 29th and 30th June from 9.00 am to 5pm during banking hours. However, in the case of e-IPO, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-200704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PABC IPO General Subscription Starts from 29th June!<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pabc-ipo-general-subscription-starts-from-29th-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PABC IPO General Subscription Starts from 29th June!\" \/>\n<meta property=\"og:description\" content=\"Karachi The general public will subscribe to 23.4 million shares, 25 percent of the total offer size of PABC IPO on June 29\/30 at the strike price of Rs.49. The general public can subscribe the IPO on 29th and 30th June from 9.00 am to 5pm during banking hours. 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The general public can subscribe the IPO on 29th and 30th June from 9.00 am to 5pm during banking hours. 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