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Pakistan’s biggest steel IPO in five years: should you buy?

Reporting | - Posted: Sep 24, 2020 | Last Updated: 1 month ago
Posted: Sep 24, 2020 | Last Updated: 1 month ago

Karachi’s Agha Steel Industries plans to raise up to Rs5 billion from the stock market to finance its expansion. The money will be used to more than double its production of steel rebars to meet growing demand fueled by China-backed mega projects and the prime minister’s construction package. The company is bullish on its growth prospects but risks remain. In this interview with Hussain Agha, the Agha Steels CEO responds to questions about the company’s plans, the steel sector’s outlook and risks that may slow down growth.

Disclaimer: The sole purpose of this report is to educate our readers and viewers about aspects of personal finance. The information provided on SAMAA Digitals platforms is not meant to be taken as financial advice. There is no financial arrangement involved in the production of these stories unless they are clearly labelled as ‘Sponsored Content’. Please always independently verify or check information being provided before making any investment decision or undertaking any financial transaction.We don’t necessarily endorse the guest’s point of view.

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  1. Faraz Ali Ansari  September 25, 2020 12:43 pm/ Reply

    Excellent investment opportunity.

  2. Faraz Usmani  September 25, 2020 12:46 pm/ Reply

    Good company, Dynamic and visionary CEO.. waiting for the IPO

  3. Anonymous  September 29, 2020 3:46 pm/ Reply

    Kudos to Agha Steel for bringing cutting-edge technology
    Let’s see how rest of the industry will react!

  4. kamran khaliq  October 1, 2020 11:30 pm/ Reply

    price range 30-35 for ipo

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