ABHI Microfinance Bank’s Initial Public Offering (IPO) has drawn an overwhelming response from investors on the first day of retail subscription, reflecting growing interest in the banking sector and investment opportunities at the Pakistan Stock Exchange (PSX).
The bank has set the share price at Rs15.50 per share, with a minimum investment requirement of 500 shares, translating into an investment of Rs7,750 for individual investors for the remaining 25% of IPO.
To facilitate public participation, ABHI Microfinance Bank has introduced an online subscription facility through the Central Depository Company (CDC) Access platform, enabling investors to subscribe to the IPO digitally without visiting banks or brokerage offices.
According to the subscription guidelines issued by the bank, investors can participate through the CDC Access eIPO Ultra facility by following a simple online process.
Investors are required to log in to their CDC Access accounts, navigate to the IPO section, read and accept the disclaimer, and select ABHI Microfinance Bank’s active IPO by clicking on the subscription option.
After selecting the IPO, applicants must complete the electronic IPO subscription forms by providing the required information. Upon submission, a subscription identification number is generated, which investors can use to complete their payment through online banking.
The bank’s IPO represents an opportunity for investors to participate in the expansion of Pakistan’s microfinance industry, which plays an important role in extending financial services to underserved segments of the population, including small businesses, low-income households and entrepreneurs.
Earlier, ABHI Microfinance Bank raised over Rs. 2.05 billion from institutional investors through the book-building portion of its IPO.
Investors can access the subscription facility through the CDC Access website at https://csp.cdcaccess.com.pk or download the CDC Access mobile application. Further information is available through ABHI Microfinance Bank’s website at www.abhibank.com.
