November 02, 2020
In an elaborate gong ceremony held today at Pakistan Stock Exchange, the listing of Agha Steel Industries Limited was marked along with the opening of the trading day. Agha Steel’s listing was the third successive listing at the Stock Exchange for the fiscal year 2020-21 and follows the largest IPO in the steel sector of Pakistan. Agha Steel’s listing on PSX is denoted by its tremendously successful IPO which was oversubscribed by 1.6 times in the book building phase and 1.3 times in the general public subscription/ retail phase. The total amount raised through the IPO was Rs 3.84 billion against the target of Rs 3.60 billion, making it the largest steel sector IPO and second largest private sector IPO of Pakistan.