Pakistan, Jan. 15 -- The Organic Meat Company Ltd., a Pakistani meat processing startup, has applied for a listing at Pakistan Stock Exchange (PSX) with the plan to float 40 million ordinary shares in its Initial Public Offering (IPO).

According to the details, This will be the first IPO of 2020. The company has shared its draft prospectus on the Pakistan Stock Exchange's website.

According to the initial draft issued by the company to PSX, the entire issue of 40,000,000 ordinary shares will be offered through the book-building process at a floor price of PKR 18.00/- per share (including a premium of PKR 8.00/- per share) with a maximum price band of up to 40%.

Initially, 75% of the issue size i.e. 30,000,000 ordinary shares will be al...