Gong Ceremony to Mark 2nd Listing at PSX for the Year 2020

August 12, 2020

Gong Ceremony to Mark 2nd Listing at PSX for the Year 2020

In an impressive development at the Stock Exchange, a second listing took place at Pakistan Stock Exchange of a pure tech based company, TPL Trakker Limited, w.e.f. from 10/8/20 while a Gong Ceremony to mark the occasion was held today. The successful IPO and Listing of TPL Trakker Ltd. demonstrates that the Stock Exchange is fully active, efficient and well-performing, attracting the interest of investors and market participants, despite the challenges posed by the Coronavirus pandemic.

The public subscription of TPL Trakker Ltd. was a success as the issue of 58.3 Mn shares was oversubscribed by 14.6% or 1.15 times. TPL Trakker Ltd. is Pakistan’s leading Telematics Company providing IoT, Tracking, Mapping and Location based services. The Company has been a pioneer in introducing vehicle tracking services in Pakistan.