• Legacy
  • Academy
  • Business
  • PayTech
  • Ignite
  • Cellcos
  • Wired
  • CovidTech
  • Library
  • Touch Base
Subscribe
CW Pakistan

Computerworld Pakistan

CW Pakistan
  • Legacy
  • Academy
  • Business
  • PayTech
  • Ignite
  • Cellcos
  • Wired
  • CovidTech
  • Library
  • Touch Base
  • CIO

Interloop Gears Up for Pakistan’s Largest IPO

  • November 10, 2018
  • Content Desk
Total
0
Shares
0
0
0

Interloop, the sock supplier for Nike and Adidas is all set to lead Pakistan’s largest private IPO

You might have not heard the name of company Interloop from Pakistan, but at some point or the other you would have used their products if you are a consumer of Nike, Adidas, Reebok, Levis, and Tommy Hilifiger. Can’t figure out how that is possible? Well, the answer is pretty simple. Interloop is one of the biggest textile firms from Pakistan which caters to these aforementioned companies with its hosiery products. It is also one of the leading hosiery suppliers as well as the manufacturer of hosiery products, in the world.

Well, this is about to change. This company is about to become the talk of the financial world as it set to initiate the largest Initial Public Offering in Pakistan, from the private sector, in this coming January. The plan is to raise about $51 million rupees by offering 12.5 percent of its business on sale as a part of their plan to raise the revenue by 77%  over the next five years. That makes about 109 million shares which will be up for grabs by the public at a base price of Rs. 45 with a maximum price band of up to 40 percent.

Read: SECP Approves Analytics and AI-based Life Insurance Product

The company has been keenly planning the details about this IPO which is going to go hand in hand with its plan to expand further. The plan is to expand the sock manufacturing business by about 20% as well as enter into the denim business, according to the Chairman and Co-founder, Musadaq Zulqarnain. According to Bloomberg, Zulqarnain said

“Our capacity is already full,” in an interview at the company’s head office in Faisalabad. There is potential to grow more in the company so the management is willing to “take that risk”, he believes.

They are one of the most well-managed companies in Pakistan, so they should not have a problem with demand,” said Amjad Waheed, chief executive officer at NBP Fund Management Ltd. in Karachi.

“Investors are sitting with cash on the sidelines after the market drop over the past year.”

The company employs about 16,000 people, has total annual turnover of more than $270, and was founded in 1992. Imagine that? We have this gem of a company right under our noses and most of us did not even know about it.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • Adidas
  • Faisalabad
  • Interloop
  • IPO
  • Nike
  • shares
Content Desk

Previous Article
  • DEMO PAKISTAN
  • Ignite

SastaTicket Secures Series A Funding by Gobi Partners

  • November 10, 2018
  • Content Desk
View Post
Next Article
  • Computerworld
  • DEMO PAKISTAN
  • Ignite

New Genetic Mutation Behind Blindness Discovered by Pakistani & Swiss Scientists

  • November 11, 2018
  • Content Desk
View Post
You May Also Like
View Post
  • CIO
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

Punjab’s Minister of Higher Education and Information Technology officially launches e-Earn, the province’s largest co-working network.

  • Sub Editor
  • April 15, 2022
View Post
  • CIO
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

At a TEDx event sponsored by TopCity-1, industry experts will emphasise the importance of innovation.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Technology

Extreme Commerce and Dukan.pk have teamed up to promote micro-enterprise through online selling.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

In Fintech, There Are Three Areas Where AI Can Help

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Technology

C Square has been chosen as a social media and WhatsApp banking partner by Dubai Islamic Bank

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

In 11MFY21, ICT exports brought in $1.9 billion.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

A portal has been developed to help Pakistanis living abroad and missions

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

RapidCompute is the first Pakistani company to provide proactive management services to Runecast.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

To comply with Pakistani legislation, TikTok has removed 6.5 million videos from the market.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

The “Bulletin” news platform from Facebook is now available.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Partnerships
  • Technology

WALLIX, a global leader in access and identity cybersecurity solutions, has signed an agreement with JBS.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

Pakistan is now one of the top 15 countries in the world in terms of cryptocurrency adoption.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

With the launch of Studio 77, Systems Limited introduces a new approach to design thinking.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

Samsung intends to manufacture cellphones in Pakistan.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

Telenor’s Chief Operating Officer: “We Are Rolling Out Our Biggest Modernization Effort Ever.”

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

SBP grants in-principle approval to Akhtar Fuiou Technologies to create an e-wallet

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

Jahanzeb Khan has been appointed as the new CEO of FINCA Microfinance Bank.

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

A new report identifies the factors that may cause Pakistani customers to switch banks

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

The 100 million people who have access to broadband

  • Sub Editor
  • April 15, 2022
View Post
  • Business
  • CIO
  • Computerworld
  • Technology

The State Bank of Pakistan is planning to implement a no-collateral loan scheme.

  • Sub Editor
  • April 15, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about
About
Launched in 1967 internationally, Computerworld Magazine is the oldest tech magazine/media property brand in the world. Today Computerworld (abbreviated as CW) is an ongoing decades old professional publication which in 2014 "went digital”. In Pakistan Computerworld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan from the same family launched, and took over the domain, CW Pakistan has slowly emerged as a holistic technology news platform reporting everything tech in the country. It remains the oldest running continuous IT media publishing platform in the country and approaching 3 decades of existence, it has been the industry’s biggest benchmark and hopes to continue for years to come.
Read more
Explore Computerworld Sites Globally
  • ComputerWorld.es
  • computerworld.com.pt
  • Computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
  • cwi.it
  • project.nikkeibp.co.jp
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • GameStar
  • Network world
CW Pakistan
  • CWPK
  • CXO
  • WALLET
  • Demo
CW Media & all its sub brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. Site is designed by Crunch Collective ©️ 2022

Input your search keywords and press Enter.