The general public subscription for the initial public offering (IPO) of Pak Qatar General Takaful Limited (PQGTL) will open on January 28, following the successful completion of the book-building phase.
For retail investors, 7.5 million shares have been allocated, representing 25 percent of the total IPO size. These shares will be offered at a strike price of Rs. 14 per share. The public subscription will remain open for 24 hours, starting on January 28 and closing on January 29.
The book-building phase, which concluded last week, received strong investor interest and attracted bids worth Rs. 4.74 billion. The issue was oversubscribed by 21 times, reflecting robust demand for the company’s shares. Based on the outcome of the book-building process, the strike price was finalized at Rs. 14 per share, which is 40 percent higher than the floor price of Rs. 10.
At the final price, Pak Qatar General Takaful Limited is set to raise Rs. 420 million through the IPO.
