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24 Sep
15:23

Agha Steel eyes IPO in October

Agha Steel Industries (ASIL) will commence its initial public offering in October and ultimately raise up to PKR 5 billion ($30.2 million) to help fund its capacity expansion, which is already underway, according to Pakistani press reports. Agha Steel plans to offer 120 million shares at a floor price of PKR 30 per share. Of these, 75% will be offered through a book building process while the remaining 25% will be issued to the general public through a retail offe…
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