International Packaging Films Limited Launches IPO to Expand Market Leadership

Karachi, International Packaging Films Limited (IPAK), a leading manufacturer of packaging films in Pakistan, has announced its Initial Public Offering (IPO) with AKD Securities Limited serving as the Joint Lead Manager and Book Runner. The IPO aims to further cement IPAK's position in the industry by capitalizing on its pioneering technology and significant market share.

According to AKD Securities Limited, the IPO consists of 70,105,455 ordinary shares priced at PKR 21.00 per share, totaling a transaction size of PKR 1,472 million. This move comes as IPAK seeks to leverage its substantial market presence—holding approximately 39% market share—and its state-of-the-art manufacturing capabilities to drive future growth.

IPAK, which began commercial operations in 2017, has distinguished itself as a pioneer in the production of five-layer BOPP films in Pakistan. The company's facilities feature production lines imported from prominent international manufacturers like Bruckner Maschinenbau in Germany and SML Maschinengesellschaft in Austria, enabling it to produce a diverse range of packaging films. These include BOPP, CPP, and BOPET films, available in various grades and thicknesses from 10 to 60 microns, catering to a wide array of applications from food packaging to industrial use.

The company's financial indicators are strong, with an earnings per share (EPS) of PKR 3.32 for the fiscal year 2023 and a book value of PKR 24.61 per share as of June 30, 2023, indicating a competitive price-to-earnings (P/E) multiple of 6.33x. This financial stability is expected to attract considerable investor interest in the IPO.

Prospective investors and interested parties can access the IPO prospectus, registration, and bidding forms via AKD Securities' website, and an instructional video is available to assist in the bidding process.

This IPO represents a strategic step for IPAK to expand its technological advancements and production capabilities, further enhancing its offerings in the competitive packaging industry.