ANL 18.85 Decreased By ▼ -0.44 (-2.28%)
ASC 13.60 Increased By ▲ 0.15 (1.12%)
ASL 22.20 No Change ▼ 0.00 (0%)
BOP 8.20 Increased By ▲ 0.02 (0.24%)
BYCO 7.17 Decreased By ▼ -0.38 (-5.03%)
FCCL 17.58 Increased By ▲ 0.13 (0.74%)
FFBL 22.09 Decreased By ▼ -0.01 (-0.05%)
FFL 15.39 Increased By ▲ 0.19 (1.25%)
FNEL 7.22 Decreased By ▼ -0.18 (-2.43%)
GGGL 16.65 Decreased By ▼ -0.35 (-2.06%)
GGL 38.59 Decreased By ▼ -0.71 (-1.81%)
HUMNL 5.90 Increased By ▲ 0.14 (2.43%)
JSCL 17.71 Decreased By ▼ -0.29 (-1.61%)
KAPCO 35.58 Decreased By ▼ -0.37 (-1.03%)
KEL 3.28 Decreased By ▼ -0.01 (-0.3%)
MDTL 2.27 Decreased By ▼ -0.23 (-9.2%)
MLCF 33.90 Decreased By ▼ -0.34 (-0.99%)
NETSOL 116.75 Decreased By ▼ -3.10 (-2.59%)
PACE 4.70 Decreased By ▼ -0.24 (-4.86%)
PAEL 26.66 Increased By ▲ 0.13 (0.49%)
PIBTL 8.80 Increased By ▲ 0.09 (1.03%)
POWER 7.17 Decreased By ▼ -0.08 (-1.1%)
PRL 16.14 Decreased By ▼ -0.83 (-4.89%)
PTC 9.70 Increased By ▲ 0.05 (0.52%)
SILK 1.44 Decreased By ▼ -0.06 (-4%)
SNGP 45.04 Decreased By ▼ -0.06 (-0.13%)
TELE 16.17 Decreased By ▼ -1.31 (-7.49%)
TRG 158.62 Decreased By ▼ -2.38 (-1.48%)
UNITY 31.25 Decreased By ▼ -0.55 (-1.73%)
WTL 2.78 Decreased By ▼ -0.07 (-2.46%)
BR100 4,691 Decreased By ▼ -27.73 (-0.59%)
BR30 22,083 Decreased By ▼ -237.05 (-1.06%)
KSE100 45,063 Decreased By ▼ -10.52 (-0.02%)
KSE30 17,729 Decreased By ▼ -13.29 (-0.07%)

Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,597
3124hr
Pakistan Cases
1,240,425
1,75724hr
3.61% positivity
Sindh
455,808
Punjab
429,081
Balochistan
32,861
Islamabad
105,120
KPK
173,210

Avanceon Limited has mandated BMA Capital Management Limited (BMA Capital) to lead a planned Initial Public Offering of its 100 percent wholly-owned subsidiary Octopus Digital (Pvt) Limited.

With this partnership, Octopus Digital (Pvt) Limited aims to tap into a large investor base to raise capital and provide Pakistan’s capital market an opportunity to invest in Smart Industries. Octopus Digital (Pvt) Limited is the result of three decades of experience and expertise within the Industrial Automation space.

As per the company's statement, the newly formed entity helps businesses digitalize their manufacturing, supply chain, and financial workflows backed by strategic and operational maintenance support services.

Octopus Digital (Pvt) Limited will have the distinction of being the first Industry 4.0 entity to go public in Pakistan. It shall be converted into a Public Limited Company in due course of time within the mandate.

Furthermore, it will also be the first technology company to go public in more than 5 years. Avanceon is an industrial automation consultation and system integration entity in Pakistan, Qatar, UAE, KSA, and United States.

Comments

Comments are closed.