Karachi March 29, 2022: Octopus Digital Limited (OCTOPUS) reported loss of PKR 4.5 million during the last quarter of 2021 as per company filling to the exchange.
Company reported profitability of PKR 345 million during the whole year.
The Company has successfully launched its IPO in September 2021 by offering 20% of ordinary shares to its shareholding via Book Building process to high end individual & institutional investors and general public respectively. the company officially got listed at PSX on 5th of October, 2021, The investors have shown their extensive and record breaking response and interest in the company IPO with oversubscription by 27.26 times which was an ever highest historic high subscription figure by any company at PSX, which proved the confidence of investors at Avanceon Group of companies.
Octopus Digital Limited was incorporated on 29th December, 2017 as a private limited company in Pakistan. Octopus is a wholly owned subsidiary of Avanceon Limited. The prime business of the Company is to carry out Information Technology enabled services which includes but are not limited to online data/information storage, online monitoring and review of employees efficiency, online monitoring of cost and production efficiency, online monitoring and maintenance of plant and machinery, sale and trade of related software and equipment etc.
