Islamabad July 13 2021: Policy reforms lead to record year of capital formation during fiscal year 2021 reported by Securities and Exchange Commission of Pakistan (SECP).
Companies raised PKR56 billion Initial Public Offering (IPO) and PKR45 billion through right issue both representing highest during last five years.
Eight companies float their shares on Pakistan Stock Exchange (PSX) through Initial Public Offerings (IPOs) while two companies offered fixed income papers to PSX investors. K-Electric raised the highest amount of PKR25 billion through issuance of Sukuks while Bank Alfalah issued Term Finance Certificate of PKR11bn during fiscal year 2021.
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Pakistan Aluminium and Can Beverages (PABC) raised highest amount of PKR4.6 billion through IPO followed by Agha Steel Limited (PKR3.8 billion), Engro Polymer and Chemical (PKR3.0 billion), Panther Tyre (PKR2.6 billion), Citi Pharma (PKR2.3 billion), Service Global Footwear (PKR2.2 billion), TPL Trakker (PKR802 million) and The Organic Meat Company (PKR800 million).
