ABHI Microfinance Bank IPO Offers 132m Shares From Rs15
The ABHI Microfinance Bank IPO will place 132 million ordinary shares on the Pakistan Stock Exchange, with book-building on 5–6 November and retail subscription on 12–13 November.
ABHI Microfinance Bank plans to raise up to Rs3 billion by offering 132 million ordinary shares on the Pakistan Stock Exchange.
Book-building is set for 5–6 November; the retail subscription window is 12–13 November.
Floor price is Rs15 a share (including a Rs5 premium); the band allows a maximum of Rs22.50.
About 99 million shares (75% of the issue) are reserved for institutional and high-net-worth investors.
Proceeds are meant to expand lending and lift the bank’s capital adequacy toward State Bank rules.