First Capital Treasuries IPO oversubscribed on opening day

Non-bank primary dealer, First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC, saw its Initial Public Offering (IPO) being oversubscribed 4.5 times within hours on its opening day and the offering was closed on the same day, as indicated in the prospectus.
First Capital Treasuries received 1,991 applications amounting to Rs. 1.3 billion for the 7,695,000 ordinary voting shares that were offered at Rs.39.00 per share.

 The company extends its gratitude to the investors for their trust and confidence in the First Capital Group.
The allocation of shares was concluded on December 15th. Managed by the Corporate Finance division of First Capital Group, the issue was aimed at helping First Capital Treasuries broaden its ownership base and strengthen its brand identity.