Staff Reporter
Karachi
Engro Polymer & Chemicals Limited has successfully undertaken the Initial Public Offering of its Preference Shares. The public subscription was held successfully on December 17th & 18th 2020. The listing of the said shares will take place on 31st December, 2020. The prospectus of the Company was published and made available to the public on Dec 10, 2020. Arif Habib Limited were the Consultants to the Issue. Bankers to the Issue were Askari Bank Limited, Bank Al Habib Limited, Faysal Bank Limited, Habib Bank Limited, Habib Metropolitan Bank Limited, Soneri Bank Limited, United Bank Limited, Allied Bank Limited, JS Bank Limited, and MCB Bank Limited. Engro Polymers & Chemicals limited planned to raise Rs 3 Bn by offering 300 Mn preference shares of face value of Rs 10/- per share.
