04
Mar
00:00
Mughal Steel set to complete IPO by mid-March after oversubscribed book-building
Pakistani steelmaker Mughal Steel plans to complete its initial public offering by mid-March after an oversubscribed book-building launched on 16 February. Investors bid a total of PKR 2.3 billion ($22.58 million), exceeding Mughal’s forecast by more than three-fold, the firm’s chief executive, Khurram Mughal, said at an investors’ meeting this week at the Lahore Stock Exchange.
The remaining 6.837 million shares are likely to be offered to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous