Pakistan’s Frontier Foundry Steel Limited (FF Steel) has formally launched its Initial Public Offering (IPO) process, marking the company’s planned debut on the Pakistan Stock Exchange (PSX).
The company has appointed a Financial Advisory Consortium comprising AKD Securities as Lead Consultant and KTrade Securities as Co-Lead Consultant to manage the IPO and listing process.
According to the mandate, the offering will be conducted through an Offer for Sale (OFS) and IPO via a book-building process at an agreed floor price.
FF Steel said the IPO aims to broaden its shareholder base, strengthen its capital position and support future expansion in Pakistan’s steel and non-ferrous manufacturing sectors.
The advisory consortium will oversee the transaction structure, valuation, regulatory approvals, due diligence and the book-building process leading to the company’s listing on the PSX.
Founded in 1986, FF Steel is one of Pakistan’s leading rebar producers, operating manufacturing facilities in Peshawar and Lahore.