International Packaging Films Limited (the Company or the Issuer) has applied for listing on the Exchange. The Company shall be issuing 63,500,000 Ordinary Shares using the 75% Book Building Method at a Floor Price of PKR 34/- per share.
Issue Size:
The Issue consists of 63,500,000 Ordinary Shares (i.e. 14.99% of the total post-IPO paid up capital of International Packaging Films Limited) of face value of PKR 10/- each. The Book Building portion of the Issue comprises of 47,625,000 ordinary shares (75% of the total issue) at a Floor Price of PKR 34.00 (including premium of PKR 24.00 per share) with a maximum price band of up to 40% (Justification of premium is given under “Valuation Section” i.e. Section 4A).
Method of Offering:
75% Book Building Method and 25% Retail/ General Public Portion
Book Building method and Floor Price:
The IPO would be conducted through 75% Book Building method and the strike price would be determined based on the same. The Book Building portion of the Issue comprises of 47,625,000 ordinary shares (75% of the total issue) at a Floor Price of PKR 34.00 (including premium of PKR 24.00 per share) with a maximum price band of up to 40% (Justification of premium is given under “Valuation Section” i.e. Section 4A).
Retail/general public portion:
General Public portion of the Issue comprises of 15,875,000 Ordinary Shares (25% of the total issue) at the Strike Price. The General Public portion will be fully underwritten. The Underwriters will be appointed upon determination of strike price and subsequently published in the supplement to the Prospectus.
