Details on Engro Fertilizer IPO Engro Fertilizer intends to issue - TopicsExpress



          

Details on Engro Fertilizer IPO Engro Fertilizer intends to issue new 75mn shares including 56.25mn via book building and 18.75mn to general public. The floor price is set at PRs20/sh. In addition to issuance of new shares, Engro Corp will also be selling 30mn share of Efertz at the strike price determined through book building process. After issuance of new shares, Efertz outstanding shares will be raised to 1298mn shares, out of which 105mn or 8% will be the new free float of Efertz (and 92% will be held by ECorp). Engro Corp is conducting an analyst briefing to discuss the same on 11th Oct 2013. IPO to general public is expected in Nov-2013
Posted on: Thu, 10 Oct 2013 15:18:27 +0000

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