ABHI Microfinance Bank plans to raise up to Rs 3 billion in an IPO on the PSX.

ABHI Microfinance Bank aims to offer 132 million shares at a floor price of Rs 15 per share on the PSX, seeking to raise between Rs 2 billion and Rs 3 billion.

Possible impact on PSX shares

• PSX Pakistan Stock Exchange Limited▲ Could be positive

  A planned IPO adds new listing fees and could expand trading activity, which is generally favourable for the Pakistan Stock Exchange.

  Price when this was written: Rs 40.59 · Live price, chart and results

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Business Recorder: ABHI Microfinance Bank plans to raise billions thru IPO