Aisha Steel offers 10 million shares to general public through offer for sale

Aisha Steel Mills Limited (ASML) is in the process of being listed at Karachi Stock Exchange through its Offer for Sale Transaction (OFS) by offering 10 million shares to general public at par value of Rs 10 per share. The pre-IPO portion amounting to Rs 234 million of this transaction achieved financial close in April 2012 and had received an overwhelming response from the financial sector.

IPO of Next Capital Limited through Book Building Process

Next Capital Limited is going an IPO. Lead Manager is Arif Habib, Book Runner Aba Ali Habib Securities (Private) Limited for issue of 10 millioin ordinary shares of face value of PKR 10 per share.

Pakgen Power Limited offers 37.208m shares for sale

Lahore: Pakgen Power Limited (formerly AES Pak Gen Company Limited) has been enlisted in the Lahore Stock Exchange and Karachi Stock Exchange through offer for sale of shares to general public by majority shareholders of the Company.  In a media briefing at LSE here Tuesday, the Pakgen CEO  Shahid Khan said the present offer consists of 37.208 million ordinary share either ten percent of the total paid up shares capital of the company at an offer price of Rs 19 per share (inclusive of premium of Rs 9 per share). He said, the principal activities of the Company are to own, operate and maintain an oil-fired power station, spanning over 250 acres of land, with an installed capacity of 365MW at Mehmood Kot, Muzaffargarh.

IPO of International Steel Limited, first IPO after 12 months and over-subscribed

KARACHI, April 12: The Initial Public Offering (IPO) of International Steel Limited (ISL) which hit the stock market on Tuesday, received subscription to 81 million shares against 62 million shares on offer, sources familiar with the matter said.