Arif Habib Limited Announces Oversubscription of IPAK IPO

Karachi, Arif Habib Limited has successfully completed the initial public offering (IPO) for International Packaging Films Limited (IPAK), with applications surpassing the available shares. According to information available from the Pakistan Stock Exchange (PSX), the public subscription for IPAK’s ordinary shares took place on May 15 and 16, 2024, with investors showing keen interest. The company received applications for 17,566,100 ordinary shares, exceeding the issue size of 17,526,364 shares. Subscribers who applied for over 2,000 shares will have their excess applications allocated on a pro-rata basis.