Lahore: The Regional Office of Pakistan Stock Exchange (PSX) in Lahore hosted a Gong Ceremony today to mark the official listing of NETS International Communication Limited on the Growth Enterprise Market (GEM) Board. This event signifies an important milestone for NETS International and a notable development for Pakistan’s digital sector.

NETS International operates in developing and managing communication networks across Pakistan, the UAE, UK, USA, KSA, and Germany.

The Initial Public Offering (IPO) involved 3.676 million ordinary shares at PKR 10 per share, accounting for 10% of the company’s post-issue paid-up capital. Dawood Equities Limited fully underwrote the issue, with advisory from LSE Capital Limited, targeting accredited investors.

Key figures from the PSX, including CEO Mr. Farrukh H. Sabzwari and Chief Listing Officer Mr. Syed Ahmad Abbas, were present, along with representatives from NETS International and LSE Capital Limited.

Mr. Sabzwari, CEO of PSX, stated, “We are delighted to welcome NETS International to the PSX GEM Board. This listing represents a significant step for the company and for the broader capital market in Pakistan.” He emphasized the PSX’s commitment to supporting growth for innovative enterprises and expanding investment opportunities.

Group Managing Director of NETS International, Mr. Jahangir Ahmad, commented, “This IPO is more than just a financial milestone—it’s a strategic leap toward global scalability and sustained innovation.”

Mr. Muhammad Nadeem, CEO of NETS Pakistan, expressed pride in becoming a listed entity, citing confidence in the technology sector and a commitment to stakeholder value.

Mr. Aftab Ahmad Chaudhary, CEO of LSE Capital Limited, highlighted the listing as a significant achievement, reflecting the vibrant potential of Pakistan’s technology sector.

The proceeds from the IPO will primarily be used to retire short-term debt and align the company with regulatory standards, paving the way for a potential future listing on the PSX Main Board.