Author Topic: AGP -- AGP Limited  (Read 1430 times)

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Offline MZ

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AGP -- AGP Limited
« Reply #-1 on: August 01, 2017, 05:53:43 PM »
All about AGP Limited.

http://www.agp.com.pk

Pakinvestorsguide

AGP -- AGP Limited
« Reply #-1 on: August 01, 2017, 05:53:43 PM »

Offline MZ

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Offline MZ

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Re: AGP -- AGP Limited
« Reply #1 on: August 01, 2017, 06:04:31 PM »

Offline MZ

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Re: AGP -- AGP Limited
« Reply #2 on: August 04, 2017, 10:48:56 PM »
Karachi: In a notification sent to the bourse on the 1st of August, AGP Limited has announced that it will be conducting an initial public offering (IPO) for getting itself listed on the PSX.

In a draft offer for sale document sent to the bourse, AGP Limited notified of its decision to get itself listed on the stock exchange and will be offering 35m shares at a floor price of Rs40 per share which constitutes 12.50pc of its total paid up capital. The IPO of AGP Limited is expected to be held over the next couple of months.

As per the company website, AGP began its commercial operations in 1989 as an independent pharmaceutical manufacturing company in Karachi, Pakistan. It has steadily grown through manufacturing and marketing products under licensing arrangements with many companies of international repute and also through manufacturing and marketing its own brands.

The operations of AGP include manufacturing, marketing and sales of pharmaceuticals and healthcare products in the domestic and export market.
https://profit.pakistantoday.com.pk/2017/08/03/pharmaceutical-company-agp-to-get-listed-on-psx/

Offline alidxb

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Re: AGP -- AGP Limited
« Reply #3 on: October 24, 2017, 01:13:35 PM »
AGP Limited
JS Global Capital Limited (“JSGCL”) and BMA Capital Management Limited (“BMA”) have been mandated
to act as Consultant to the Issue and Book Runner, respectively, for the upcoming Offer for Sale of
Shares of AGP Limited (“AGPL” or the “Company” and collectively referred to as the “Offer”, “OFS” or
the “Transaction”).
The Offer consists of 35,000,000 ordinary shares (12.50% of the total paid up capital of AGP Limited) of
the face value of PKR 10.00/- each. The Offer is being made through One Hundred Percent (100%) Book
Building process at a Floor Price of PKR 80.00/- per share (including a premium of PKR 70.00/- per
share). Bidders shall collectively be allowed to place bids for 100% of the Offer size and the Strike Price
shall be the price at which the entire Offer i.e. 35,000,000 shares (100% of the Offer) are subscribed.
However, the successful bidders shall be provisionally allotted only Seventy Five Percent (75%) of the
offer size i.e. 26,250,000 shares and the remaining Twenty Five Percent (25%) i.e. 8,750,000 shares shall
be offered to retail investors. In case retail portion of the Offer remains unsubscribed, the unsubscribed
shares will be allotted to the successful bidders on pro-rata basis.
Registration dates: November 03, 2017 to November 08, 2017 from 9:00am to 5:00pm and on
November 09, 2017 from 9:00am to 3:00pm
Bidding dates: November 08, 2017 to November 09, 2017 from 9:00am to 5:00pm
AGPL is a leading pharmaceutical company in Pakistan primarily serving the “branded generics” market.
It operates two plants which are located at SITE, Karachi. The Company is a subsidiary of OBS Pakistan
(Private) Limited, the 9th largest pharmaceutical group in the country.
AGPL is widely present in the areas of gynecology, pediatrics, and internal medicine, through a
diversified product portfolio of 53 brands, which mainly consist of branded generics (contributing ~93%
to the topline) whilst also offering licensed brands under its partnership with Mylan (USA). The
Company’s top brands include Ceclor, Rigix, Osnate-D, Anafortan, and MyHep to name a few.
Muller & Phipps, Pakistan’s largest distributor, manages AGPL’s distribution. With coverage across 1,850
towns and over 32,400 pharmacies throughout the country, M&P ensures the widest outreach for
AGPL’s products.
As part of its growth strategy, AGPL has aggressive Capex plans that include modernization of its two
existing pharmaceutical plants and warehouses as well as development of a Nutraceutical plant within
the Company’s premises. The entire investment is being financed by the Company’s internal cash.
In the long run, everything settles at the place it deserves.

Offline Farzooq

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Re: AGP -- AGP Limited
« Reply #4 on: October 24, 2017, 03:40:50 PM »
TOP PICKS
Engro fatima ogdc pol pso dgkc mlcf kapco npl ubl atrl nml efoods aicl hcar searl

Offline alidxb

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Re: AGP -- AGP Limited
« Reply #5 on: October 24, 2017, 04:28:53 PM »
Book building will be closed at price not less than 100. Better to let it listed and buy later.
In the long run, everything settles at the place it deserves.

Offline ivianoo

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Re: AGP -- AGP Limited
« Reply #6 on: October 24, 2017, 05:35:12 PM »
Book building will be closed at price not less than 100. Better to let it listed and buy later.

Better option if we compare previous IPOs fate like Ittefaq, PSX, LOADS

Offline Pyarey Afzal

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Re: AGP -- AGP Limited
« Reply #7 on: October 24, 2017, 07:29:16 PM »
You are comparing apple to orange.

You can not compare this ipo to the psx ipo!

And how are you comparing steel with pharma!  :thumbsup_anim:

This might be the 1 ipo that does better than what others you mention. 

Offline MZ

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Re: AGP -- AGP Limited
« Reply #8 on: October 27, 2017, 12:10:57 PM »
AGP Limited (AGPL): Offer for Sale (OFS) of Shares of 35mn Ordinary Shares (12.50% of Paid-Up Capital) at a floor price of PKR80

Thursday, 26 October 2017

By: Al Habib Capital Markets (Pvt.) Limited
OBS & M&P are offering 35mn shares of AGPL as Offer for Sale; the transaction size is expected to be PKR2,800mn at floor price.
After the OFS, the majority sponsor OBS will have 50.5% stake in the Company. Other shareholders include M&P, Baltoro Fund, High Q Pharma, JSBL and BAFL.
OBS group is 9th largest pharmaceutical concern in Pakistan. Established in 1963, it provides full range services including manufacturing, marketing & sale of health care products.
All companies within the group operate in different segments and do not cannibalize each other.
AGPL’s revenues grew at a five year CAGR of 12%. New product launches, acquisitions and strategic partnerships are likely to support revenue growth without compromising on hefty gross margins.
AGPL positioning in the sector is further augmented through strategic partnership with Mylan USA (One of the world’s largest generic drug producer) for marketing its products in Pakistan & Afghanistan

Offline msypk

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Re: AGP -- AGP Limited
« Reply #9 on: October 27, 2017, 06:42:07 PM »
Any news about its eps or fair value

Offline MZ

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Re: AGP -- AGP Limited
« Reply #10 on: November 01, 2017, 06:13:23 PM »
AGP limited: Subscribe with limited upside

Tuesday, 31 October 2017

By: Spectrum Securities (Private) Limited
AGP, a pharmaceutical company, has decided to hold an OFS for the purpose of partially liquidating shares of two partners. OBS Pakistan (Private) limited and Muller & Phipps (Private) limited are offering 20mn shares and 15mn shares respectively to general public. The total 35mn shares represent 12.5% of total Paid-up capital of AGP and floor price is set at PKR 80/share.
AGPL is a merger of three companies Appollo Pharma (APL), AGP private limited and AGP Health care private limited by AGPL. AGPL besides manufacturing is also involved in sales and marketing of its own brands along with international brands.
Management expects the company's revenue to grow by 19% CAGR for next seven years, helping it to achieve the target of PKR14bn in CY23 from PKR4.2bn in CY17. The growth is expected to derive from new segment of nutraceutical and partnership with Mylan (2nd largest generic drug manufacturer) for the distribution of their products in Pakistan and Afghanistan
AGPL is involved in up gradation and modernization of its main plant with capital expenditure of PKR573mn, which will be financed through retained earnings. Company also is in process to enhance the capacity of its main product, Cephalosporin from 25,000bottles/day to 55,000bottles/day. Furthermore, setting up a new plant for nutraceutical products is also underway which is expected to be online by 2019.

Offline monevator

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Re: AGP -- AGP Limited
« Reply #11 on: November 02, 2017, 02:51:14 PM »
what is the fair price

Offline aatradekhi

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Re: AGP -- AGP Limited
« Reply #12 on: November 06, 2017, 12:08:36 PM »
BOOK BUILDING CANCELLED ?

Offline aatradekhi

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Re: AGP -- AGP Limited
« Reply #13 on: November 07, 2017, 12:03:16 PM »
SECP halts AGP IPO until further orders

Securities and Exchange Comission (SECP) has advised OBS Pakistan and Muller & Phipps Ltd., not to proceed further for public offering of their shareholding in AGP Ltd. including registration of bidders, with immediate effect and till further notice.

The process has been halted on the grounds that the matter of repatriation of divestment proceeds of Rs. 6.501 billion to Pharmonte Limited by AGP Private Limited was taken up with the State Bank of Pakistan.

SBP has informed the SECP that it has subsequently taken up the matter of repatriation with Meezan Bank Ltd., (being the acquirer of operations of HSBC Bank Middle East Ltd. in Pakistan) and will inform the Exchange Commission after the response from Meezan Bank is received.

Until further notice, SECP has halted any process for Initial Public Offering of AGP Limited.

Offline aatradekhi

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Re: AGP -- AGP Limited
« Reply #14 on: November 27, 2017, 12:37:06 PM »
IPO ?

Offline 007

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Re: AGP -- AGP Limited
« Reply #15 on: November 27, 2017, 01:52:36 PM »
fraud tha bach gaye public

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