Meezan Bank, renowned for its Islamic banking services, announced its role as one of the designated bankers for the Initial Public Offering (IPO) of International Packaging Films Limited (IPAK). This partnership presents a golden opportunity for investors to participate in IPAK’s IPO, showcasing the bank’s commitment to empowering its customers in the financial realm.
Through Meezan Bank’s robust digital infrastructure, customers can conveniently subscribe to the IPO using Internet Banking, the Mobile Banking Application, or the extensive ATM network, ensuring accessibility round the clock throughout the subscription period.
The IPO subscription period set from Wednesday, May 15, 2024, to Thursday, May 16, 2024, inclusive of both days. Investors can start with a minimum subscription of 500 shares, with increments available in multiples of 1,000, 1,500, and 2,000 shares. The offering price per share stands at PKR 24.00 for subscriptions up to 2,000 shares, with shares above this limit available at a strike price of PKR 25.20.
For comprehensive details regarding the IPO prospectus and investment opportunities, interested parties can visit the following links:
- Meezan Bank’s IPO portal: Meezan Bank IPO Portal
- Pakistan Stock Exchange (PSX): PSX Official Website
- International Packaging Films Limited (IPAK): IPAK Official Website
Meezan Bank emphasizes that it’s solely facilitating its customers in this venture, with all risks and rewards pertaining to the investment borne by the customer. The bank absolves itself from liability related to any loss or damage resulting from the disclosure of such information.
For investors seeking a seamless and secure IPO subscription experience, Meezan Bank stands as a reliable partner, bridging opportunities in the financial landscape for its valued customers.
 of International Packaging Films Limited (IPAK). This partnership presents a golden opportunity for investors to participate in IPAK's IPO, showcasing the bank's commitment to empowering its customers in the financial realm.){kind=link}