Genera­l public will be offere­d shares on March 21-22 at Rs46.10 per shareKARACHI: Interloop Limited on Thursday raised Rs5.02 billion at the Pakistan Stock Exchange (PSX) by selling 12.5% of its total shareholding to a variety of investors for Rs46.1 per share. Bids were opened at Rs45 per share for the sale of 109 million shares, which constituted 12.5% of the paid-up capital of Interloop. Interloop is set to find a place among top 50 listed companies at the PSX in terms of market capitalisation. “Interloop is to begin its journey as the 42nd largest company (in market capitalisation) at the stock market,” Habib said. Of the total 109 million shares allocated for sale in the IPO, the company targeted to sell 75% (or 81.75 million shares) to institutional investors and high net-worth individuals and 25% (27.25 million shares) to retail investors.

Source: The Express Tribune March 15, 2019 04:07 UTC