The company has arranged a presentation at the auditorium of Karachi Stock Exchange (KSE) on Wednesday (today). Bank, Bank of Punjab, Bank Alfalah, Faysal Bank, Habib Metropolitan, MCB Bank and United Bank. The bankers to the Issue are Arif Habib Bank, Bank Al-Habib, Habib Bank, J.S. The objectives of the IPO are to raise additional capital of Rs 125 million to purchase transit mixers and pumps, which the company has rented currently to reduce rental payments, which currently stand at Rs 51 million, constituting 8 percent of the manufacturing cost and to improve profitability and margin of the company that are haunted by higher finance and rental cost. Ali Muhammad, Chairman, Gul Ahmed Textile Syed Yawar Ali, Chairman, Nestle Pakistan, and Asim Tiwana, CEO, Kaizan Construction (Private). Iteration when this was very attentive and responsive customer support here. The sponsors include Arif Habib, Chairman, Arif Habib Group Sir Anwar Perveiz, Chairman Bestway Group Bashir H. Insurance go pay tennis if u play at first bite. The Lead Underwriter is National Bank of Pakistan (NBP), while other underwriters include Allied Bank, Saudi Pak Industrial & Agricultural Investment Company, Elixir Securities (Pvt) Pakistan, Invisor Securities (Pvt) Limited, and Cassim Investments (Pvt) Limited. Scalable Capital assets jump to 500 million, Selin Bucak, City Wire, November 9. The subscription list will open at the commencement of banking hours on Februand will close on Februat the close of banking hours.Īrif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial Public Offering (IPO) of SMCPL. disintegration of customer-centric offer better insurance industry. The issue of 10 million ordinary shares, amounting to Rs 125 million, is 50 percent of the total paid up capital of SMCPL. The company has undertaken numerous large-scale projects in Karachi and Lahore and enjoys a diversified clientele. The plants of the company are strategically located in Karachi and Lahore, making it the only RMC company, with existence in both northern and southern regions.
Since July-01 to 19th April, 2010-11, the KSE-100 market has yielded returns of 19.3 percent. The SMCPL is the first and the largest ready mix concrete (RMC) producer in Pakistan with the capacity of 346 cubic metres per hour. Source: Invisor Securities Reading the data In 2009-10 the KSE-100 market return was 36 percent in local currency and 29.2 percent in USD terms. Safe Mix Concrete Products Limited (SMCPL) has announced offering of its 10 million ordinary shares to general public at an offer price of Rs 12.50 per share, including a premium of Rs 2.50 per share.
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