Blue-Ex Limited, currently listed on the Growth Enterprise Market (GEM) Board of the Pakistan Stock Exchange (PSX), has officially applied for migration to the Main Board, marking a major milestone in the company’s expansion strategy within Pakistan’s capital market.
According to an official statement from PSX, the migration will be carried out in line with the PSX listing regulations and migration criteria. To meet these requirements, Blue-Ex Limited will issue a public offer through a prospectus for its listing on the Main Board.
The upcoming Initial Public Offering (IPO) will consist of 1,000,000 ordinary shares, each with a par value of Rs10, offered at a fixed price of Rs65 per share. The offer includes a premium of Rs55 per share, with detailed justification provided in the valuation section of the draft prospectus.
KTrade Securities Limited and LSE Capital Limited have been appointed as joint lead managers for the issue. In compliance with the Public Offering Regulations, 2017, and SECP Circular No. 16 of 2023, the draft prospectus has been made available on the PSX website for public review and feedback.
The Pakistan Stock Exchange has invited the public to examine the draft prospectus and submit written comments or objections. The exchange will announce the dates for the public subscription and the comment period in due course.