ABHI Microfinance Bank seeks Rs3bn via PSX IPO in November
The lender will offer 132 million shares on the Pakistan Stock Exchange, with book building on 5–6 November and a retail window on 12–13 November at a Rs15 floor.
ABHI Microfinance Bank aims to collect as much as Rs3 billion by floating 132 million ordinary shares on the PSX.
Large investors bid on 5–6 November for 99 million shares (75% of the issue); the public applies on 12–13 November.
The floor is Rs15 a share (including a Rs5 premium); the band can rise by up to half, to Rs22.50.
At the floor alone, gross inflows would be about Rs1.98 billion, mainly to grow lending and rebuild capital.
ABHI (Private) Limited owns 73.73% and TPL Corp Limited 26.27%; the bank has over 114 branches in 108-plus cities.