SE Fruits, Vegs secures SECP approval for IPO
KARACHI: SE Fruits and Vegetable Limited has secured approval from the Securities and Exchange Commission of Pakistan (SECP) for the issuance, circulation and publication of its prospectus for an Initial Public Offering (IPO) of 30 million ordinary shares, paving the way for its proposed listing on the Pakistan Stock Exchange (PSX). The SECP approval, dated September 9, follows the PSX approval…
SE Fruits and Vegetable Limited has received approval from the Securities and Exchange Commission of Pakistan (SECP) to proceed with its Initial Public Offering (IPO) of 30 million ordinary shares. The company plans to list its shares on the Pakistan Stock Exchange (PSX) following the book-building process scheduled for September 21 and 22, with public subscription from September 28 to 29.
The IPO pricing will range from Rs40 to Rs64 per share, with the potential to raise between Rs1.20 billion and Rs1.92 billion, which the company aims to use to bolster its working capital for growth.
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