👉The reason behind #TELE’s price rally for the last eight months was finally officiated yesterday - Its wholly-owned subsidiary, Supernet is going for listing at PSX. 1/10 👉Share offering:

Supernet’s total offering through book building would be 29.5mn shares. Out of the total, 18.3mn shares will be newly issued while the remaining, 11.2mn shares, will be offloaded by Telecard, reducing Tele’s share in Supernet to 75%. 2/10

👉Penny stocks12 have gained a lot of popularity in recent years. As investors, we all have been enticed to invest in such stocks, committing relatively smaller capital and waiting and hoping for a turnaround story to emerge to realize large gains.

#pennystocks #PSX These small-cap stocks do become all the more popular when discounts rates are low – remember the rally in 2007 or 2016 or 2021? We try to explain the reasons behind this today.

Airlink - Pakistan's biggest private-sector IPO

With another IPO around the corner, InvestKaar unpacks the prospectus, business model, and financials, so it becomes easy for you to decide. Transaction details:

Airlink is looking to raise 3.9bn by offering 60mn shares to the public. At a base price of Rs65/sh, IPO size will be Rs5.8bn, and at the cap price of Rs91/sh, the amount will rise to Rs8.1bn

The proceeds will be utilized to finance working capital needs