{"id":254894,"date":"2022-04-14T05:10:54","date_gmt":"2022-04-14T00:10:54","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=254894"},"modified":"2022-04-14T05:10:54","modified_gmt":"2022-04-14T00:10:54","slug":"supernet-scrip-oversubscribed-on-first-day-of-book-building-at-gem-board-psx","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/supernet-scrip-oversubscribed-on-first-day-of-book-building-at-gem-board-psx\/","title":{"rendered":"Supernet scrip oversubscribed on first day of Book Building at GEM Board, PSX"},"content":{"rendered":"<p> Karachi<br \/>\nBeing the first IT company to be listed at GEM Board of PSX, Supernet Limited has received overwhelming response by investors on first day of its book building on 12th April. The book buying would continue on 13th April (today) too.<br \/>\nWith an oversubscription of 1.99% on first day of its book building, Supernet received total bids of21,530,720 shares against an offer of 21,111,121 shares, over subscription by 1.99% or 419,599 shares on Day 1.<br \/>\nThe first ever GEM Board listing of an IT company received an overwhelming response from institutional investors and high-net worth individuals.<br \/>\nSupernet has a target to raise betwen 475 million to 666 million through listing at GEM Board of PSX.<br \/>\nApart from local investors, foreign financial institutions also took keen interest in the initial offering of first IT company on GEM Board of PSX.<br \/>\nThe issue consists of 21,111,121 Ordinary Shares, representing 18.81 per cent of the total post-offering paid up capital of Supernet of face value of Rs10 each.<br \/>\nThe entire issue was offered through Book Building on April 12-13 at a Floor Price of Rs22.50 per share, including premium of Rs12.50 per share.<br \/>\nRecently, Supernet Group is aggressively expanding into Cyber Security, Power Solution and IT &#038; Infrastructure Solutions business. The proceeds from listing will be utilized to finance the expansion plan.<br \/>\nFor expansion into new business segments, SNL has set up two new subsidiaries: Supernet Secure Solutions Private Limited and Supernet Infrastructure Solutions Private Limited.<br \/>\nAnother subsidiary, Phoenix Global (Supernet Global Solutions), is a UAE based company that offers a wide range of IT &#038; Communication solutions to its international clients. Supernet\u2019s clientele include major banks, mobile operators, leading MNCs, government and defence institutions, etc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi Being the first IT company to be listed at GEM Board of PSX, Supernet Limited has received overwhelming response by investors on first day of its book building on 12th April. The book buying would continue on 13th April (today) too. With an oversubscription of 1.99% on first day of its book building, Supernet [&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-254894","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>Supernet scrip oversubscribed on first day of Book Building at GEM Board, PSX<\/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\/supernet-scrip-oversubscribed-on-first-day-of-book-building-at-gem-board-psx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supernet scrip oversubscribed on first day of Book Building at GEM Board, PSX\" \/>\n<meta property=\"og:description\" content=\"Karachi Being the first IT company to be listed at GEM Board of PSX, Supernet Limited has received overwhelming response by investors on first day of its book building on 12th April. The book buying would continue on 13th April (today) too. 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The book buying would continue on 13th April (today) too. With an oversubscription of 1.99% on first day of its book building, Supernet [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/supernet-scrip-oversubscribed-on-first-day-of-book-building-at-gem-board-psx\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2022-04-14T00:10:54+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/supernet-scrip-oversubscribed-on-first-day-of-book-building-at-gem-board-psx\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/supernet-scrip-oversubscribed-on-first-day-of-book-building-at-gem-board-psx\/"},"author":{"name":"Web 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