Zarea Limited Seeks Public Comments on Draft Prospectus for IPO

Karachi: Zarea Limited has submitted its draft prospectus to the Pakistan Stock Exchange (PSX) in preparation for an Initial Public Offering (IPO), with a total issue size of 62.50 million ordinary shares. The company is seeking a listing on the main board of the PSX, offering shares at a par value of PKR 1.00 each and a floor price of PKR 16.00 per share under the Book Building method.

According to information available from the Pakistan Stock Exchange (PSX), Topline Securities Limited and Growth Securities Limited have been appointed as the joint lead managers for the issuance of Zarea Limited’s IPO. The draft prospectus has been posted on the PSX website to solicit public comments in accordance with SECP Circular No. 16 of 2023, dated November 08, 2023.

The public has until the close of business on Monday, November 04, 2024, to submit any comments on the draft prospectus. Written comments may be submitted via email to comments.draftprospectus@psx.com.pk.