The Karachi Stock Exchange (Guarantee) Limited’s initial public offering of TPL Trakker Limited – book building portion
Karachi: With reference to the captioned subject, we would like to inform The Karachi Stock Exchange (Guarantee) Limited (“KSE”) regarding the status of Initial Public Offering of TPL Trakker Limited (“TPL” or “the Company”) Book Building portion.
We are highly pleased and take great pride in informing you that TPL Book Building portion has been successfully oversubscribed. The issue is oversubscribed by 1.36 times. We have received total 22 bids of 26.19 million Ordinary shares against an offer of 20.0 million Ordinary shares. The strike price determined via Dutch Auction Method is PKR 10.0 per share.
We would like to take this opportunity to show our gratitude to KSE & SECP who have been supportive to us throughout this issue.
Umair A. Shaikh
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136