Pakistan, Nov. 1 -- ABHI Microfinance Bank plans to raise between Rs 2 billion and Rs 3 billion through an initial public offering (IPO) of 132 million ordinary shares on the Pakistan Stock Exchange (PSX), with a floor price of Rs 15 per share.

According to details disclosed to the PSX, the book-building process will take place on November 5 and 6, while the retail subscription period is scheduled for November 12 and 13.

The book-building portion comprises 99 million ordinary shares, representing 75% of the total issue, at a floor price of Rs15 per share, including a premium of Rs5 per share. The price band allows a maximum increase of 50%, taking the upper price limit to Rs22.50 per share.

The general public portion of the offering wi...