Khaadi to List on PSX
Pakistan's fashion and retail brand Khaadi is planning to launch an initial public offering (IPO) next month, documented Bloomberg.
Pakistan's fashion and retail brand Khaadi is planning to launch an initial public offering (IPO) next month, documented Bloomberg.
Article outline
- What happened
- The key numbers
- The details
- A closer look
- The bottom line
Key points
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- While the remaining 250 million shares are projected to be offered through the IPO, half of these shares are part of a pre-IPO placement.
- The pre-IPO placement covers 250 million shares at a cost range of Rs.
- The brand additionally has an online presence that reaches more than 200 cities.
Khaadi Pakistan Ltd. Intends to raise between Rs. 6.2 billion and Rs. 8.3 billion through a combination of a pre-IPO placement and the upcoming public offering. Arif Habib Ltd. Is advising the firm on the transaction. PSX Sees Biggest Monthly Jump in Investors.
Notably, the planned fundraising involves 500 million shares. While the remaining 250 million shares are projected to be offered through the IPO, half of these shares are part of a pre-IPO placement.
For context, the pre-IPO placement covers 250 million shares at a cost range of Rs. 12.40 to Rs. 15.20, potentially raising Rs. 3.1 billion to Rs. 3.8 billion. The IPO will involve another 250 million shares.
Combined, the two transactions could raise as much as Rs. 8.3 billion.
Khaadi intends to apply the IPO proceeds to backing its expansion, including capital expenditure of around Rs. 3.5 billion annually from 2027 onward.
Khaadi operates primarily in Pakistan and additionally has a presence in the UAE, UK and US.
In practice, the firm is additionally converting its conventional outlets into "experience stores" designed to offer customers a more immersive brand and shopping environment.
Notably, the brand additionally has an online presence that reaches more than 200 cities. Stay Connected with ProPakistani.
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For now, khaadi to List on PSX remains the part of the story worth watching, and further updates are likely as more details are confirmed.
