Karachi June 16 2021: Citi-Pharma Limited strike has come out to be PKR 32 per share determined through Book Building of Citi Pharma Limited conducted on 15th and 16th June, 2021.
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PSX Allows Defaulter Company To Issues Right shares For Paying Sponsor Loan
Citi Pharma Limited received total participation of approx. 175 million shares against the issue size 72.7 million shares, an over subscription of 1.75 times.
Citi Pharma Limited – the third IPO of 2021 – is the first Pharmaceutical IPO in 3 years and second in 26 years. It is also the largest IPO amongst the last three issues.
Muhammad Sohail, CEO Topline Securities
Topline Securities was the Lead Manager and Book Runner.
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