Lahore, December 29, 2014 (PPI-OT): Synthetic Products Enterprises Limited (SPEL) in collaboration with its lead managers Arif Habib Limited, arranged an introductory session at LSE for TREC Holders and Investors of Exchange regarding its upcoming IPO. Mr. Almas Hyder, Chairman SPEL briefed the audience about the company and IPO.
SPEL is a leading manufacturer of Technology Intensive Engineering Plastic and Packaging Products in Pakistan. They possess a very exciting and successful history of over 36 years of delivering quality products and outstanding services to the industry.
SPEL has maintained tremendous Growth Rate over last several years. SPEL has been the Winner of Pakistan Fast Growth 25, Pakistan Fast Growth 100 and Arabia Fast Growth 500. SPEL has exposure to a very selective client base in FMCG and Automotive Sector. Their customers include blue chip companies of both the Automotive and FMCG sector. Their products are also exported to over 17 countries around the globe including Europe and USA.
19.35 million Shares are being offered to the public within an approved band of Rs23/- and Rs.39.1, which is 25% of the post IPO paid up capital of the company. Book building was successfully held on Monday 8th December 2014 resulting in a strike price of PKR. 30, while the IPO of SPEL Limited is scheduled on January 6th and 7th 2015.
The Presentation was attended by many leading investors and brokers of LSE. Mr. Aftab Chaudhry Managing Director LSE, Mr. Zia Hyder Naqi, CEO SPEL, Mr. Munir Saleem and Mr. Shahid Ali Habib, CEO Arif Habib Ltd. were also present during the session.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan
Category: General Business News