Secure Logistics Group Limited

Description of Transaction:

• AHL acted as the Financial Advisor and Lead Arranger for Secure Logistics Group Limited and successfully completed the IPO by raising PKR 600 Million for the Company.
• The total offer size was PKR 600 million; however, the Company has received a total bid of PKR 610 million, oversubscribed by 1.02 times.
• Strike Price was PKR 12/share

About the Issuer:

• Secure Logistics Group Limited (“SLG”, “Company” or the “Issuer”), previously named as Asia Capital Partners (Pvt.) Ltd (“ACPL”), was incorporated in 2013 and acted as the Holding Company for wholly owned operational entities:
• SecureLog (Pvt.) Ltd.
• Secure Track (Pvt.) Ltd.
• Fist Security (Pvt.) Ltd. (“FIST” or the “Subsidiary # 1” or “FSL”)
• TDM (Pvt.) Ltd. ACPL was renamed as Secure Logistics Group Limited in August 2016 and converted to a Public Company in September, 2021
• The operational entities were involved in logistics, vehicle fleet management, security services and commodity trading/indenting businesses, respectively
• The Company has evolved into an integrated logistics (“Logistics”); assets monitoring & tracking (“Asset Tracking”) and security services (“Security Services”) player with a unique set of horizontal synergies. There are horizontal synergies between logistics and vehicle tracking businesses.