Analysts view on Engro Fertilizer IPO

Sanie Khan

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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 11^th Oct 2013.
IPO to general public is expected in Nov-2013

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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