Author: Lalita
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Pakistan: Agha Steel’s IPO receives an overwhelming response
The Initial Public Offer (IPO) of Agha Steel concluded yesterday received an overwhelming response, with investors oversubscribing it by as much as 1.63 times. The company plans to raise 3.8 bn in total through the IPO with the objective of increasing its rebar capacity from 0.25 mn t pa to 0.65 mn t pa.