Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO

webnise

MPA (400+ posts)
عالمی شہرت یافتہ برانڈ ’’نائیکی‘‘کی مصنوعات بنانے والی فیصل آباد کی کمپنی کا کاروبار کو وسعت دینے کیلئے اسٹاک مارکیٹ کے ذریعے 5 کروڑ ڈالر سے زائد کا سرمایہ حاصل کرنے کا فیصلہ کیا ہے۔

بلومبرگ کی رپورٹ کے مطابق کھیلوں کے عالمی برانڈ ’’نائیکی‘‘ اور ’’ایڈیڈاس‘‘ کیلئے مصنوعات بنانے والی فیصل آباد کی ٹیکسٹائل کمپنی نے پاکستان اسٹاک مارکیٹ کے ذریعے 51 ملین ڈالر (تقریباً 6.8 ارب روپے) کا سرمایہ حاصل کرنے کا فیصلہ کیا ہے، جس کا مقصد اپنے کاروبار کو وسعت دینا ہے۔

رپورٹ میں بتایا گیا ہے کہ اسٹاک مارکیٹ میں پرائیویٹ سیکٹر کی جانب سے تاحال یہ سب سے بڑی رجسٹریشن ہوگی، فیصل آباد کی کمپنی اتنی بڑی سرمایہ کاری کیلئے متوقع طور پر جنوری 2019ء میں 109 ملین شیئرز (اپنے کاروبار کا 12.5) خریداروں کیلئے پیش کرے گی۔

انٹرلوپ لمیٹڈ اس رقم کا استعمال اپنے موجودہ کاروبار کو 20 فیصد تک توسیع دینے اور ڈینم کا بزنس شروع کرنے کیلئے استعمال کرے گی، جس کے ذریعے آئندہ پانچ سال کے دوران اس کی کاروباری صلاحیت دو تہائی تک بڑھانے میں مدد ملے گی۔

فیصل آباد کی کمپنی کا یہ اقدام ایسے وقت میں سامنے آیا ہے جب پاکستان تحریک انصاف کی نومنتخب حکومت ٹیکسٹائل مصنوعات کی برآمدات کو بڑھانے اور بنگلہ دیش، ویتنام جیسے فریقوں سے مقابلے کی کوششیں کررہی ہے۔ حکومت گیس اور بجلی کی قیمتوں میں سبسڈی فراہم کرکے مصنوعات کی لاگت میں کمی لانے کیلئے بھی کوشاں ہے۔

پاکستانی کمپنی کی فیصل آباد اور لاہور کے علاوہ سری لنکا اور بنگلہ دیش میں بھی فیکٹریاں ہیں، جن میں تقریباً 16 ہزار افراد کام کرتے ہیں، گزشتہ مالی سال میں انٹرلوپ لمیٹڈ نے 31 ارب روپے کمائے تھے۔

https://www.samaa.tv/urdu/economy/2018/11/1332292/

Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO

Interloop Ltd., which makes socks for Nike and Adidas, is planning Pakistan’s biggest ever initial public offering by a private firm.

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The company plans to raise as much as 6.8 billion rupees ($51 million) to expand its sock manufacturing capacity by around 20 percent and enter the denim business, said Chairman and Co-Founder Musadaq Zulqarnain. It will offer 12.5 percent of the business in the sale, likely to take place in January, and is aiming to lift revenue by 77 percent over five years, he said.

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“Our capacity is already full,” Zulqarnain said in an interview at the company’s head office in Faisalabad. Interloop can see more growth, so will “take that risk” to expand, he said.

The listing comes as Prime Minister Imran Khan tries to spark an export revival to make up ground that Pakistan has lost to low-cost manufacturing destinations like Vietnam and Bangladesh. The new government has announced plans to cut gas and electricity prices to support companies selling abroad, although the push has been criticized for relying too much on subsidies.

The Interloop offer will surpass the previous record for a private company, when Pakistan Stock Exchange Ltd. raised 4.5 billion rupees two years ago. There have been larger sales by state-controlled companies in Pakistan.

800x-1.jpg


Knitting section of an Interloop Ltd factory in Faisalabad, Pakistan.
Photographer: Asad Zaidi/Bloomberg


Interloop was founded in the early 1990s by Zulqarnain and his brother, Chief Executive Officer Navid Fazil. The company now employs around 16,000 people and makes more than half a billion pairs of socks a year. Revenue for the 12 months through June was 31 billion rupees, according to Zulqarnain.

The sale consists of 109 million shares that will be offered at a floor price of 45 rupees a share with a maximum price band of up to 40 percent, according to Shahid Ali Habib, chief executive officer at Karachi-based Arif Habib Ltd., the financial adviser to the transaction.

“They are one of the most well-managed companies in Pakistan, so they should not have a problem with demand,” said Amjad Waheed, chief executive officer at NBP Fund Management Ltd. in Karachi. “Investors are sitting with cash on the sidelines after the market drop over the past year.”


Bloomberg
 
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iltaf

Chief Minister (5k+ posts)
Govt is trying its best to increase exports esp textile which has shifted Bangladesh etc. I hope the business community responds positively and help in increase of exports.
 

JohnSnow

Minister (2k+ posts)
Very good news. More investments should be diverted towards business, in order to create employments and ultimately give more revenue to government.

Also crackdown on real estate sector, all the corruption and black money should be diverted towards business and wealth generation activities.
 

arafay

Chief Minister (5k+ posts)
"... and is aiming to lift revenue by 77 percent over five years"

Talk about lack of ambition.
 

xecutioner

Chief Minister (5k+ posts)
Interloop Ltd., which makes socks for Nike and Adidas, is planning Pakistan’s biggest ever initial public offering by a private firm.


The company plans to raise as much as 6.8 billion rupees ($51 million) to expand its sock manufacturing capacity by around 20 percent and enter the denim business, said Chairman and Co-Founder Musadaq Zulqarnain. It will offer 12.5 percent of the business in the sale, likely to take place in January, and is aiming to lift revenue by 77 percent over five years, he said.


Musadaq Zulqarnain
Photographer: Asad Zaidi/Bloomberg
“Our capacity is already full,” Zulqarnain said in an interview at the company’s head office in Faisalabad. Interloop can see more growth, so will “take that risk” to expand, he said.




The listing comes as Prime Minister Imran Khan tries to spark an export revival to make up ground that Pakistan has lost to low-cost manufacturing destinations like Vietnam and Bangladesh. The new government has announced plans to cut gas and electricity prices to support companies selling abroad, although the push has been criticized for relying too much on subsidies.


Imran Khan’s Answer to Pakistan’s Ailing Exports: More Subsidies
The Interloop offer will surpass the previous record for a private company, when Pakistan Stock Exchange Ltd. raised 4.5 billion rupees two years ago. There have been larger sales by state-controlled companies in Pakistan.
Knitting section of an Interloop Ltd factory in Faisalabad, Pakistan.
Photographer: Asad Zaidi/Bloomberg
Interloop was founded in the early 1990s by Zulqarnain and his brother, Chief Executive Officer Navid Fazil. The company now employs around 16,000 people and makes more than half a billion pairs of socks a year. Revenue for the 12 months through June was 31 billion rupees, according to Zulqarnain.
The sale consists of 109 million shares that will be offered at a floor price of 45 rupees a share with a maximum price band of up to 40 percent, according to Shahid Ali Habib, chief executive officer at Karachi-based Arif Habib Ltd., the financial adviser to the transaction.
“They are one of the most well-managed companies in Pakistan, so they should not have a problem with demand,” said Amjad Waheed, chief executive officer at NBP Fund Management Ltd. in Karachi. “Investors are sitting with cash on the sidelines after the market drop over the past year.”
 

mhafeez

Chief Minister (5k+ posts)
Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO


Interloop Ltd., which makes socks for Nike and Adidas, is planning Pakistan’s biggest ever initial public offering by a private firm.

1000x-1.jpg

The company plans to raise as much as 6.8 billion rupees ($51 million) to expand its sock manufacturing capacity by around 20 percent and enter the denim business, said Chairman and Co-Founder Musadaq Zulqarnain. It will offer 12.5 percent of the business in the sale, likely to take place in January, and is aiming to lift revenue by 77 percent over five years, he said.

800x-1.jpg

Musadaq Zulqarnain
Photographer: Asad Zaidi/Bloomberg

“Our capacity is already full,” Zulqarnain said in an interview at the company’s head office in Faisalabad. Interloop can see more growth, so will “take that risk” to expand, he said.

The listing comes as Prime Minister Imran Khan tries to spark an export revival to make up ground that Pakistan has lost to low-cost manufacturing destinations like Vietnam and Bangladesh. The new government has announced plans to cut gas and electricity prices to support companies selling abroad, although the push has been criticized for relying too much on subsidies.

The Interloop offer will surpass the previous record for a private company, when Pakistan Stock Exchange Ltd. raised 4.5 billion rupees two years ago. There have been larger sales by state-controlled companies in Pakistan.

800x-1.jpg

Knitting section of an Interloop Ltd factory in Faisalabad, Pakistan.
Photographer: Asad Zaidi/Bloomberg

Interloop was founded in the early 1990s by Zulqarnain and his brother, Chief Executive Officer Navid Fazil. The company now employs around 16,000 people and makes more than half a billion pairs of socks a year. Revenue for the 12 months through June was 31 billion rupees, according to Zulqarnain.

The sale consists of 109 million shares that will be offered at a floor price of 45 rupees a share with a maximum price band of up to 40 percent, according to Shahid Ali Habib, chief executive officer at Karachi-based Arif Habib Ltd., the financial adviser to the transaction.

“They are one of the most well-managed companies in Pakistan, so they should not have a problem with demand,” said Amjad Waheed, chief executive officer at NBP Fund Management Ltd. in Karachi. “Investors are sitting with cash on the sidelines after the market drop over the past year.”


Bloomberg
 

Ali_91

MPA (400+ posts)
I saw few Adidas bags as well with Made in Pakistan written on them , we still have the crediblilty in textile