Pakistan Aluminium Beverage Cans Limited

Description of Transaction:

• AHL acted as the Lead manager & book runner for Pakistan Aluminum BeverageCans Limited and successfully completed the IPO by raising PKR 4,600 Million for the Company.
• Application for the total of 43,398,500 shares were recieved against the issue size of 23,472,000 ordinary shares
• General portion was over subscribed by 19,926,500 shares amounting to PKR 976,398,500 (1.85x)
• Strike Price was PKR 49/share

About the Issuer:

• PABC is the first and only aluminium beverage cans manufacturer in Pakistan
• It supplies to all major carbonated drinks bottlers in Pakistan & Afghanistan, including PepsiCo franchisees and Coca Cola bottlers
• The production facility is built on a 20.9 acres of land in Special Economic Zone, Faisalabad with a rated capacity of 700 millions cans per annum
• The Company enjoys 10–year tax holiday under Special Economic Zones Act, 2012