TPL Trakker Planning an IPO, to be Listed on PSX

The Board of Directors of TPL Trakker Limited (TPLT) has accorded its approval for the listing of the company on the Pakistan Stock Exchange (PSX).

In a notification sent to the Pakistan Stock Exchange, TPL Corp announced that TPLT will be offering 115,719,500 ordinary shares at the face value of Rs. 10 per share, and a price of Rs. 12, aggregating up to Rs. 1.4 billion by way of an Initial Public Offering.

TPLT is a wholly owned subsidiary of TPL Corp Limited. It is Pakistan's first and largest tracking company. Trakker provides reliable end to end solutions for individuals, commercial fleets, businesses and automotive industry suppliers.

TPL Trakker is in the business of providing superior quality GPS, GSM and Satellite Mobile Asset Tracking Management and Information Solutions.

TPL Corp Ltd. is the investment holding company of the TPL Group with investments across the insurance, real estate, transport, security, technology, vehicle and container tracking, navigation and mapping solutions and financial sectors.

Source: Pro Pakistani