Secure Logistics Group – Result of Book Building

Staff Report

SLG becomes the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX).

The issue size of PKR 600 million was oversubscribed with a strike price of PKR 12/share. Pakistani Refineries Set for Euro-V Compliance and Capacity Boost

Well-rounded participation was observed with strong participation from institutions (76%) and high net-worth individuals (24%).

Amongst institutions, financial institutions & mutual funds contributed 27% while Corporates & Others (49%).

Pre-IPO capital raise was PKR 585 mn led by existing institutional shareholders i.e. Saudi Bugshan Group and Karandaaz Pakistan translating into a total capital raise of PKR 1.19 billion.

Arif Habib Limited was the lead manager and bookrunner for the issue.