ABHI Microfinance Bank Plans Rs 3 Billion IPO
The bank plans to raise Rs 3 billion on the PSX next month.
ABHI Microfinance Bank plans to raise Rs 3 billion through an IPO next month on the PSX. The ABHI IPO is that planned first public sale of the bank's shares, and the PSX is the Pakistan Stock Exchange, where the shares would be offered.
The amount is Rs 3 billion. The timing is next month. The update describes a plan. It does not give the opening day, the share price, or the number of shares.
What the ABHI IPO is meant to raise
The target is Rs 3 billion. The seller is ABHI Microfinance Bank. The market is the PSX, and the method is an IPO, meaning members of the public would be able to buy shares. Next month is the window given for the offer.
Our verdict
ABHI Microfinance Bank plans an IPO on the PSX next month to raise Rs 3 billion. The day, price, and share count are not in this update.
Follow for more updates.
Frequently asked questions
Who is planning the share sale?
ABHI Microfinance Bank.
How much does it plan to raise?
Rs 3 billion.
Where and when?
On the PSX, next month.
Is a share price given?
The update gives the amount and the month. It does not give a price.
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