Luminex Limited’s Rs.250mn IPO postponed

Diversified engineering company Luminex Limited yesterday announced its decision to postpone its Rs.250 million IPO, which was scheduled to open for subscription yesterday.

The company said considering the unprecedented circumstances in the socio-economic situation in the country and the closure of the CSE during the past week, its board of directors has decided to postpone the opening date of the IPO subscription to May 12.

The closing date of the IPO has also been rescheduled to June 1 instead of May 18.
Luminex Limited plans to issue 31.25 million new ordinary voting shares at an offer price of Rs.8 per share to be listed on CSE’s Diri Savi Board.