LSE Capital Secures Mandate for IPO/Offer Listing of Cordoba Financial Services

LSE Capital Limited (PSX: LSECL), in partnership with Topline Securities and Growth Securities, has secured a mandate for the listing of Cordoba Financial Services Limited (CFSL) on the Pakistan Stock Exchange (PSX).
 
CFSL is a majority-owned company of Cordoba Logistics & Ventures Limited (PSX: CLVL).
 
According to the disclosure, under the mandate, 10% of CFSL’s additional shares will be offered to the market through a combination of 75% book building and 25% public offering.
 
The transaction is expected to provide investors with an opportunity to participate in the proposed listing of CFSL, while further expanding the capital-market footprint of the Cordoba group.
 
LSE Capital requested that the information be disseminated to market participants accordingly.

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