The general public subscription for the initial public offering (IPO) of Pak Qatar General Takaful Limited (PQGTL) will open on January 28, following the completion of the book-building phase.
A total of 7.5 million shares, representing 25 percent of the total IPO size, have been allocated for retail investors at a strike price of Rs. 14 per share.
The subscription period for the general public will remain open for 24 hours on January 28 and 29.
The book-building phase, concluded last week, attracted bids worth Rs. 4.74 billion and was oversubscribed 21 times. Based on the book-building process, the strike price was set at Rs. 14 per share, 40 percent above the floor price of Rs. 10, enabling the company to raise Rs. 420 million.
