Supernet Technologies Limited has scheduled August 19, 2026, as the launch date for trading of its 85% right shares on the Pakistan Stock Exchange (PSX), following the company’s Rs914.77 million rights issue. The company is issuing 91.48 million ordinary shares at Rs10 per share, with eligible shareholders entitled to 85 right shares for every 100 shares already held. The rights issue is intended to support Supernet Technologies’ capital requirements and fund its ongoing business activities as the company continues to expand its technology portfolio.
The company’s rights issue represents an increase of approximately 85% in its existing paid-up share capital. Supernet Technologies had previously approved the issuance of 91,476,554 ordinary shares at a subscription price of Rs10 per share, resulting in a total issue size of approximately Rs914.77 million. The company said around Rs464.77 million, or 50.81% of the proceeds, has been allocated for working capital requirements to support the execution of existing and upcoming business initiatives. The remaining funds are intended to help settle outstanding consideration payable to Telecard Limited following the acquisition of Supernet Limited. Supernet Technologies completed the merger of Supernet Limited into the company effective March 30, 2026, following a Scheme of Arrangement sanctioned by the Sindh High Court.
The rights issue will increase Supernet Technologies’ paid-up capital from approximately Rs1.08 billion to Rs1.99 billion if fully subscribed, while the total number of shares will rise from around 107.62 million to 199.10 million. The company previously projected that total equity could increase by approximately 37% to Rs3.40 billion, while its gearing ratio could improve from 36.55% to 26.72%. At the same time, net asset value per share was projected to decline from Rs23.10 to Rs17.08 because of the larger number of shares following the issue. Telecard Limited, which holds a majority stake in Supernet Technologies, has undertaken to ensure subscription of up to 35.17 million right shares worth approximately Rs351.71 million. Its ownership is expected to decline from 61.67% to 51% following the increase in the company’s total shares.
The trading schedule comes with several important dates for shareholders. The book closure for the right issue is scheduled for August 17, while unpaid rights are expected to be credited to the Central Depository Company (CDC) in book entry form on August 18. Trading of the right shares will then begin on August 19, while Letters of Right for physical shareholders are scheduled to be dispatched on August 20. Supernet Technologies has appointed Meezan Bank Limited as banker to the issue, while Dawood Equities Limited and Topline Securities Limited are serving as underwriters. The company’s broader operations include digital infrastructure, cybersecurity, cloud services, connectivity, managed services, enterprise networking and technology integration, making the capital raising relevant to its plans for continued expansion across Pakistan’s technology sector.
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