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www.safe-asia.com JANUARY | 31 st | 2014 MÖVENPICK HOTEL, KARACHI THE PREMIER IPO MEETING PLACE IPO MARKET CONTRIBUTION AWARDS.

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Presentation on theme: "www.safe-asia.com JANUARY | 31 st | 2014 MÖVENPICK HOTEL, KARACHI THE PREMIER IPO MEETING PLACE IPO MARKET CONTRIBUTION AWARDS."— Presentation transcript:

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2 www.safe-asia.com JANUARY | 31 st | 2014 MÖVENPICK HOTEL, KARACHI THE PREMIER IPO MEETING PLACE IPO MARKET CONTRIBUTION AWARDS

3 www.safe-asia.com SECP has always supported and facilitated initiatives relating to development of capital market. In the recent past, SECP has taken various steps for the development of the IPO market. These steps include Introduction of the e-IPO facility, Introduction of the Book Building mechanism, e-dividend option, Issuance of SECP Listing Guide Book, Regulations for issuance of Commercial Paper, Regulations for Listing of SMEs, constitution of Shariah Advisory Board and formulation of regulations of issuance of Sukuk etc. SECP continues to strive for the facilitation of small and large enterprises to encourage growth and expansion at all levels through capital markets. SECP is active member of various international and regional forums like IOSCO, International Association of Insurance Supervisors (IAIS) and International Organization of Pension Supervisors (IOPS). SECP is also member of the Organization of Islamic Cooperation's (OIC) Committee for Commercial and Economic Cooperation (COMCEC) and the current Chair of the South Asian Securities Regulatory Forum (SASRF). Through international affiliation and other self-assessment endeavors, SECP is striving to ensure that we are abreast with international regulatory practices within the securities industry. Securities and Exchange Commission of Pakistan IPO Market Regulatory Facilitation Award

4 www.safe-asia.com K-Electric Limited K-Electric Limited (formerly known as Karachi Electric Supply Company Limited) is at present the only vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to Karachi. Set up under the Indian Companies Act of 1882 as the Karachi Electric Supply Corporation – KESC, the entity was nationalized in 1952 but re-privatized on November 29, 2005. It came under new management in September, 2008. At this point, it was transformed into a profitable entity and is today a globally recognized example of an unprecedented turnaround with a new brand name of K Electric. In continuation with its vision and after the tremendous success of AZM Certificates in 2012, KE is launching the First Listed Sukuk (KE AZM SUKUK) in Pakistan of Rs. 6 billion. The Sukuk will be offered in three tenors (13 months, 3years and 5 years). Each Sukuk is rated A+ by JCR-VIS and Islamic International Rating Agency. KE believes that this issue will pave way for development of our Capital Market for Islamic Instruments. Islamic Instrument IPO Award

5 www.safe-asia.com Treet Corporation Limited Treet Corporation Limited made history by raising capital with a difference and introducing Participation Term Certificate (PTC) with exceptional features. The PTC were offered to existing shareholders through “Renounceable Offer Letter (ROL)” was and resultant instrument [i.e. PTC] is tradable at trading terminals of all three Stock Exchanges. The issue size of the transaction was Rs. 1,255 million and the Profit payments are not based on KIBOR but linked to profitability of the Company. Payout is based on three factors i.e. Ordinary Shares of the Company, Minimum Cash Payments, Participation in Profitability of the Company. PTC were issued for 7 years with Tax efficient structure and easy entry and exit. Entitlements remain intact even with principal reduction each year. Despite debt instrument TCL successfully managed to mitigate Financial Risk of the Company in Seven years thus creating value for the Shareholders, the PTC holders and the Company. With Minimum investment size of just Rs.30 for One PPTC, individual investors could start Investing with minimal investment capital. Presently, the PTC can be purchased at market rate in the secondary market. Innovative Instrument IPO Award

6 www.safe-asia.com Habib Bank Limited Habib Bank Limited (“HBL”) has played a vital role in the revival of capital market listings in Pakistan by successfully closing 2 out of a total of 3 IPOs conducted during the year. HBL was the Exclusive Financial Advisor and Lead Arranger to Avanceon, a first of its kind company to be listed on the stock exchanges. HBL attracted diversified investor interest, breaking the recent market cliché of promoting brick and mortar companies. HBL was also the Joint Financial Advisor and Arranger to Engro Fertilizers Limited, the largest IPO of 2013 and one of the most successful listing in the history of Pakistan Capital Markets (oversubscribed by 3.8 times). HBL was also the Joint Financial Advisor and Arranger to Engro Fertilizers Limited, the largest IPO of 2013 and one of the most successful listing in the history of Pakistan Capital Markets (oversubscribed by 3.8 times). HBL continues to promote & develop local capital markets landscape, as evident from the upcoming KE retail Sukuk - “first retail sukuk” in the local market in which HBL is the exclusive financial advisor and HBL Islamic banking is the shariah structuring advisor. Further retail TFCs/Sukooks, and IPOs are already in the works for the coming year. Lead Manager & Financial Advisor of the Year 2013 Award

7 www.safe-asia.com Allied Bank Limited ABL has been playing an active role in development of IPO markets of Pakistan. Over the years, the bank has been involved in various capital market transactions in the capacity of Lead Manager, Financial Advisor and Lead Underwriter. Recently the bank has successfully concluded IPO of Engro Fertilizers Limited as Lead Manager, Financial Advisor and Underwriter which has received overwhelming response from the market. ABL has also underwritten rights issues of numerous listed companies. Besides providing advisory and underwriting services, ABL offers full suite of investment banking products which include debt arrangement, project finance, M&As and other structured solutions. Due to proven track record, in-depth understanding of markets and extensive experience in advisory and arrangement services, ABL is a preferred choice of top tier corporates for investment banking transactions. ABL's Investment Banking performance has also been recognized both internationally and domestically over the years by reputable bodies including Euromoney Magazine UK, The Asset Magazine – Hong Kong, The Banker Magazine – UK and CFA Society - Pakistan. Lead Manager & Financial Advisor of the Year 2013 Award

8 www.safe-asia.com AKD Securities Limited AKD Securities Limited is ranked amongst the top corporate brokerage houses of the country. It is also known as the pioneer for introducing the Book Building mechanism in equity listings in Pakistan and has successfully acted as the Book Runner for 7 out of the total 10 listings via Book Building with a promising 70% market share. During the year 2013 AKD Securities Limited has successfully closed two of the most anticipated and well acclaimed Book Buildings in the history of Pakistan's capital markets. The Book Building of Lalpir Power Limited took place in June 2013 at a floor price of PKR 22/- per share and ended up being the highest ever over-subscribed Book Building by a record 5.9 times. AKD Securities acted as Book Runner for the IPO of Engro Fertilizers Limited at a floor price of PKR 20/- per share. After three days of the Book Building exercise and with over 400 bids received, the floor price was determined at PKR 28.25/- per share. The Book Building portion of Engro Fertilizers Limited was over-subscribed by 3.9 times. Book Runner of the Year 2013 Award

9 www.safe-asia.com Next Capital Limited Next Capital was established in 2010 by renowned professionals and financial institutions. Driven by the ambition to be one of the best financial services firm with focus on broking, advisory and corporate finance, Next Capital has executed some landmark transactions. With staunch belief in our capital markets, the company was inspired to go public in 2012. Due to their experience and professionalism they were chosen by the Nishat Group to be joint Lead Advisors for Lalpir Power. Playing a significant role in the execution of the transaction, they were able to generate an overwhelming response from the investing public and the issue was oversubscribed. It was another source of pride for Next Capital to be selected as Joint Book Runner by the Engro group. Once again they were successful in generating a huge response for the IPO. Next Capital continues to look for suitable opportunities for further IPOs and are already exploring some exciting deals. Book Runner of the Year 2013 Award

10 www.safe-asia.com Arif Habib Limited Arif Habib Limited (AHL), one of the largest listed securities brokerage houses is committed to providing the highest level of services to its clients. AHL is a part of the Arif Habib Group, one of the largest conglomerate in Pakistan. The KSE very recently recognized AHL's contribution to the market and has awarded it a “Top 25 Company” for the year 2012. Being pioneers and dominant leaders in the Investment Banking industry, AHL successfully executed 12 capital market transactions, introducing 8 new companies via Initial Public Offerings to the Stock exchanges of Pakistan in the last 4 years. AHL has executed a number of transactions in the debt market business, including the listing of 5th Term Finance Certificate of Bank Alfalah Limited, one of the largest debt transactions at the Karachi Stock Exchange. In 2013, AHL acted as book runner for Avanceon Limited. On the basis of its strong structuring and execution capabilities, AHL provides the most suitable investment and financing solutions for its clients and continues to promote Pakistan's capital markets locally and beyond our borders. Book Runner of the Year 2013 Award

11 www.safe-asia.com UBL Fund Managers UBL Fund Managers was established in 2001 as a wholly owned subsidiary of UBL Bank Limited. UBL Funds have the privilege of being the first Asset Management Company in Pakistan to introduce the Principal Protected Funds based upon the CPPI methodology of dynamic asset allocation with up to 100% equity exposure. The funds open in the form of IPO were 1.UBL Gold Fund, Launched in February 2013 2.UBL Financial Sector Bond Fund, Launched in March 2013 3.UBL Islamic Principal Preservation Fund –I, Launched in April 2013 4.UBL Principal Protected Fund-II, Launched in July 2013 5.UBL Asset Allocation Fund, Launched in August 2013 6.UBL Islamic Principal Preservation Fund-II, Launched in October 2013 7.UBL Islamic Asset Allocation Fund, Launched in December 2013 We also have to credit the fact that UBL Funds is the first AMC to become GIPS compliant which entails meeting international standards of Fund Management in targeted savings like children education, marriage, haj vacation, wealth building, equity building and retirement. Maximum Mutual Fund IPOs of 2013 by an AMC Award

12 www.safe-asia.com Al Meezan Investment Management Ltd. Al Meezan Investment Management Limited is the only and largest full-fledged Sharia'h Compliant Asset Management Company of Pakistan. In this endeavor, Al Meezan launched three funds in 2013; 1. Meezan Financial Planning Fund (MFPF), Pakistan's first Fund offering allocation plans suited to diverse investor specific risk profiles. Currently the fund stands over PKR. 780 million. 2. Meezan Balanced Fund (MBF), a balance between equity and fixed income. Currently the fund size stands over PKR 1,800 million. 3. Meezan Capital Preservation Fund (MCPF) whose IPO ends today (Jan 31), utilizes the Constant Proportion Portfolio Insurance (CPPI) strategy of asset allocation and provides investors Shariah compliant maximum upside alongwith preservation of capital. The fund size is about PKR. 2,000 million, making it the largest capital preservation fund in Pakistan. With widespread acceptance in all three IPOs, Al Meezan Investment Management is being presented an Appreciation Award for Maximum IPOs by an Asset Management Company. Al Meezan promises to continue to deliver value generating solutions for Sharia'h Compliant investment avenues. Maximum Mutual Fund IPOs of 2013 by an AMC Award

13 www.safe-asia.com THANKS


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