Highly demanding mechanized ready mix concrete.
TheĬompany has seen transformation from conventional to state of the art and The company has an enormous market clientele. Ready mix concrete to construction companies while maintaining uppermost The Company is specialized in providing high excellence The company has largest production capacity 346 m³/hour locatedĪt Karachi & Lahore. Ready mix concrete, building blocks and construction of prefabricatedīuildings. MCPL The principal activity of the Company is production and supply of Made to the KSE for permission to deal in and for quotation of the shares of the Public limited company on 21 February 2007.
The Company was incorporated on 04 AprilĢ005 as a private limited company. MCPL is one of the established companies providing Ready Mix Concrete forĬonstruction projects in Pakistan.
The members of the exchange would be given detailed briefing about the company and its IPO. The company has arranged a presentation at the auditorium of Karachi Stock Exchange (KSE) on Wednesday (today). Bank, Bank of Punjab, Bank Alfalah, Faysal Bank, Habib Metropolitan, MCB Bank and United Bank. The bankers to the Issue are Arif Habib Bank, Bank Al-Habib, Habib Bank, J.S. The objectives of the IPO are to raise additional capital of Rs 125 million to purchase transit mixers and pumps, which the company has rented currently to reduce rental payments, which currently stand at Rs 51 million, constituting 8 percent of the manufacturing cost and to improve profitability and margin of the company that are haunted by higher finance and rental cost. Ali Muhammad, Chairman, Gul Ahmed Textile Syed Yawar Ali, Chairman, Nestle Pakistan, and Asim Tiwana, CEO, Kaizan Construction (Private). The sponsors include Arif Habib, Chairman, Arif Habib Group Sir Anwar Perveiz, Chairman Bestway Group Bashir H. The Lead Underwriter is National Bank of Pakistan (NBP), while other underwriters include Allied Bank, Saudi Pak Industrial & Agricultural Investment Company, Elixir Securities (Pvt) Pakistan, Invisor Securities (Pvt) Limited, and Cassim Investments (Pvt) Limited. The subscription list will open at the commencement of banking hours on Februand will close on Februat the close of banking hours.Īrif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial Public Offering (IPO) of SMCPL. The issue of 10 million ordinary shares, amounting to Rs 125 million, is 50 percent of the total paid up capital of SMCPL. The company has undertaken numerous large-scale projects in Karachi and Lahore and enjoys a diversified clientele. The plants of the company are strategically located in Karachi and Lahore, making it the only RMC company, with existence in both northern and southern regions. The SMCPL is the first and the largest ready mix concrete (RMC) producer in Pakistan with the capacity of 346 cubic metres per hour. KARACHI (February 03 2010): Safe Mix Concrete Products Limited (SMCPL) has announced offering of its 10 million ordinary shares to general public at an offer price of Rs 12.50 per share, including a premium of Rs 2.50 per share. Ready mix concrete products company offers Rs 125 million IPO
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