Coeus Solutions Ltd, a Lahore based technology company, plans to sell 5 million shares — 16.7% of the company — on the Pakistan Stock Exchange’s Growth Enterprise Market Board, said Talha Azher, vice president, corporate finance at KTrade Securities Ltd., financial adviser to the transaction. The target range is 210-294 rupees a share with the price to be finalized through bookbuilding to be held on March 8th and March 9th 2022.
“GEM Board is the stepping stone towards listing on the Main Board later in 2022. We are confident that as the first technology company to be listed on GEM Board, this will provide a good case study for other tech companies to explore this option of raising capital” said Ahsan Naseem, CEO Coeus Solutions Ltd.
“Coeus is primarily focused on enterprise software solutions” said Ali Naqi Shaheen, co-founder at Coeus Solutions Ltd. “In the last ten years, we have established a strong presence and competence in the German market, and we expect to expand the business further in Germany as well as rest of Europe. With our focus on remote work enablement, we believe we are solving biggest problems faced by majority of the world organizations especially post-pandemic.”
Coeus Solutions Ltd has offices in Lahore and Berlin, and has maintained a strong presence in and focus on the German market. Its core foci are providing its clients with enterprise software solutions, particularly focused on customers and people-engagement and creating remote-work enabling environments.
