International Packaging Films Limited (IPFL) plans to generate PKR 1.47 billion through an IPO, issuing 70.1 million shares to the public at PKR 21.00/share, representing 10.01% of its post-IPO paid-up capital. The Book Building Dates are set for May 8th and 9th. The funds will finance the early repayment of long-term loans for expansion projects, including manufacturing facilities for BOPP & BOPET films. IPAK, Pakistan’s largest flexible films manufacturer, offers diverse packaging solutions, producing BOPP, CPP, and BOPET films.
Its subsidiaries collectively form the largest manufacturing group of flexible packaging films in Pakistan, with a total capacity of over 150,000 tons per annum. The IPO, managed by Arif Habib Limited and AKD Securities Limited, offers investors an opportunity to tap into a company with a 3-year revenue CAGR of 41%.
CEO Naveed Godil anticipates earning $15-20 million in foreign exchange through exports in 2024/25. Shahid Ali Habib, CEO of Arif Habib Ltd, highlights IPAK’s enticing forward PE and PB multiples of 4.2x and 0.8x respectively, making it an attractive investment prospect. Established in 2015, IPAK has rapidly become a key player in Pakistan’s packaging industry.
