Pakistan Stock Exchange witnesses eight IPOs in FY21
The Pakistan stock market has seen a thriving Initial Public Offering (IPO) market in the Fiscal year 2021-22.
In 14 years, aided by economic recovery, the Pakistan stock exchange witnessed eight equity Initial Public Offerings (IPOs) in the fiscal year 2020-21 elevating a record of Rs20bn from the country’s capital markets.
The listings included; The Organic Meat Company, TPL Trakker Limited, Agha Steel Industries Limited, Panther Tyres Ltd, Service Global Footwear Ltd, Citi Pharma Ltd, and Pakistan Aluminium Beverage Cans Ltd.
It is pertinent to mention that the previous best was 12 transactions in the Fiscal Year 2007-08.
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