August 12, 2020

Gong Ceremony to Mark 2nd Listing at PSX for the Year 2020

In an impressive development at the Stock Exchange, a second listing took place at Pakistan Stock Exchange of a pure tech based company, TPL Trakker Limited, w.e.f. from 10/8/20 while a Gong Ceremony to mark the occasion was held today. The successful IPO and Listing of TPL Trakker Ltd. demonstrates that the Stock Exchange is fully active, efficient and well-performing, attracting the interest of investors and market participants, despite the challenges posed by the Coronavirus pandemic.

The public subscription of TPL Trakker Ltd. was a success as the issue of 58.3 Mn shares was oversubscribed by 14.6% or 1.15 times. TPL Trakker Ltd. is Pakistan’s leading Telematics Company providing IoT, Tracking, Mapping and Location based services. The Company has been a pioneer in introducing vehicle tracking services in Pakistan.