Systems Limited is one of Pakistan’s top IT companies that specialize in next generation BPO solutions, ERP solutions and BI services across the globe. Earlier this month, they launched their Initial Public Offering (IPO) after approval by the SECP. Now, the company has announced the second phase of the IPO, which is the general public portion.
A total of 13 million shares were available for the IPO, 9.75 million of which were offered to high net worth individuals and institutional investors through book building process earlier this month during the first phase. The second phase for the general public portion consists of 3.25 million ordinary shares, each available for PKR 40. The offering will take place on the 29th and 30th of December, 2014 during banking hours.
The response to the first phase of the IPO was overwhelming and the same is expected from the second phase. Asif Peer, CEO and Managing Director, Systems Limited said, “Following the IPO, Systems Limited is expected to drive more foreign direct investment and create additional jobs”.
The application form and prospectus can be downloaded from www.systemsltd.com/ipo.
Great to see Propakistani shares news of IPO.