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Thirty companies win GDIB Awards 2020
Business
January 1, 2021
ISLAMABAD: Thirty Pakistan-based companies have won the Global Diversity and Inclusion Benchmarks (GDIB) Awards, 2020, in multiple categories, which will be presented to the winners at a ceremony scheduled for March 4, 2021 in Karachi, a statement said on Thursday.
The Top Ten Winners included Pakistan Poverty Alleviation Fund, METRO, Engro Fertilizers Limited, Nestle Pakistan Limited, Pakistan Tobacco Company, Abacus, Standard Chartered Bank Pakistan Limited, Engro Energy Limited, The Aga Khan University and Faysal Bank Limited, the statement said.
Overall winners are Khaadi Pakistan (SMC-Pvt) Limited, The First MicroFinanceBank Limited, S&P Global Pakistan, Bank Alfalah, Hashoo Foundation, AGP Limited, Philip Morris Pakistan Limited, U Microfinance Bank Limited, Gray Mackenzie Restaurants International Limited (KFC Pakistan), Allied Bank Limited, PTCL, TAF Foundation, ICI Pakistan Limited, Telenor, Engro Polymer
The listing of the said shares took place today.
Engro Polymers and Chemicals Limited aimed to raise Rs. 3 billion, through 300 million preference shares of the face value of Rs. 10 per share. Out of the 300 million preference shares, 262.5 million preference shares (87.5 percent) were offered to and subscribed by the Pre-IPO investors. Whereas 37.5 million preference shares (12.5 percent) were offered to the general public.
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The applications were received for subscriptions of more than 202 million shares being received against an allocated target of 37.5 million shares in the general public portion of the said IPO. The result of the IPO has thus been oversubscription by 5.39 times or by more than 164.547 million shares or Rs. 1.645 billion.