Description of Transaction:
- AHL acted as the Book Runner for Avanceon Limited and successfully completed the IPO by raising PKR 374 Million for the Company.
- The total offer size was PKR 62 million; however, the Company has received a total of PKR 78 million, oversubscribed by 1.25 times.
- Strike Price was PKR 14/share
About the Issuer:
- Avanceon Ltd provides total engineering solutions. It offers various solutions such as Automation, Project Management, Consulting, The Industrial Internet of Things, Serialization, and others.
- The company provides its services to various industries such as Food and Beverages, Life Sciences, Consumer Packaged Goods, Metal, and others.
- The firm's segment includes Core Business, Specialized Business, Engineering and Back Office, After Market Support, Manufacturing and Assembling, and the Middle East and the USA.