Fast Cables, the country’s largest cable manufacturer
plans to IPO this month, taking advantage of a rally in the local stock market to a record high. FAST plans to raise at least 3 billion rupees ($11 million) to boost production, putting it among Pakistan’s 10 biggest initial public offerings, according to data compiled by Bloomberg. Click to read full Bloomberg article.
Shaping Tomorrow! Catch up on Business Recorder’s talk
with the Managing Director FAST, Mr. Kamal Mian on the journey of FAST and its contribution for decades to the well-being of the society, sustainable development and steps towards a prosperous Pakistan. Click to read the full MD's Interview in Business Recorder, published on 14th May.
Fast Cables Annouces its Intitial Public Offerings
Fast Cables, the country's largest cable manufacturer is delighted to announce its Initial Public Offerings. As the Nation's premier cable manufacturer, with a rich history of innovation and reliability, Fast Cables stands poised to shape the future of industries in the world.
Fast Cables’ IPO gets oversubscribed by 57%
With historic number of 600+ bids received during book building. The company received demand of PKR 4.7 Bn for an issue size of PKR 3.0 Bn resulting in strike price of PKR 24.45 per share. The offer for general public subscription will take place on May 22 and 23 whereby 32 million shares will be available for the general public at strike price of PKR 24.45 per share. Farid Alam, CEO AKD Securities said that the huge partic
