August 04, 2020
A gong ceremony to mark the first listing of the year 2020 of The Organic Meat Company Limited (TOMCL) was held at Pakistan Stock Exchange (PSX). The Company has successfully listed on PSX on August 3rd, 2020, after its Initial Public Offering (IPO) on July 14-16, 2020, was oversubscribed by 1.6 times. It is a significant and positive development for the capital market of Pakistan whereby a listing has taken place successfully in the challenging times of the Coronavirus pandemic.
The Public Offering of TOMCL has been a success story not only for the Company itself but also for the Stock Exchange and the capital market of Pakistan in that it is the first issue for the fiscal year 2020-21 and it attracted tremendous response from investors and other market participants. This reflects very well on the overall dynamism and strength of the capital market of the country.