PSX places Aurion.AI's draft IPO prospectus for public feedback

According to Mettis Global, Aurion.AI Limited has applied to join the Main Board of the PSX, and its draft IPO prospectus is now posted on the exchange's website so the public can submit comments. The plan covers 150m ordinary shares carrying a nominal value of Rs5 apiece, to be sold through book building with Rs5 per share as the lowest permissible price.

LSE Capital Limited and Growth Securities (Private) Limited are acting as joint lead managers on the offer. The draft was placed under a heading inviting public input, consistent with Clause 3A.(2) of the Public Offering Regulations, 2017. The notice reached the market through a notification issued to the Exchange. Because the draft is public, investors and other market participants can review its contents on the exchange's website.