BlueEx Ltd to Become 1st Company to Migrate from GEM Board to Ready Board on PSX

BlueEx Limited has received approval from both the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) to migrate to the Ready Board through a public offering of 1.0 million shares, according to a notice issued to the Pakistan Stock Exchange (PSX). The company plans to open the offering to the general public next week and is set to become the first entity to transition from the GEM Board to the Ready Board. The Initial Public Offering (IPO) will consist of 1,000,000 ordinary shares, each with a par value of Rs. 10, to be issued at a fixed price of Rs. 65 per share. This price includes a premium of Rs. 55 per share, with the justification for the premium detailed in the valuation section of the prospectus. KTrade Securities Limited and LSE Capital Limited have been appointed as the joint lead managers for the issue.