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BMA Capital Management Executes the Most Successful IPO in Pakistan

BMA Capital Management is highly pleased to announce that Octopus Digital’s Initial Public Offering (IPO) Book Building Portion has been concluded and the results were overwhelming. Octopus Digital’s IPO has broken all previous records at the Pakistan S tock Exchange (PSX), as the shares on offer were oversubscribed by a record 27-times and total bids received touched a whopping 30 billion rupees. Further, this was the fastest ever book building in the history of Book Building in Pakistan as the book was filled in less than 30 minutes. BMA Capital Management takes immense pride in bringing the first technology IPO in the last 7 years.

The record-breaking oversubscription, with the highest number of applicants, shows there is unwavering investor appetite for both the technology sector and companies that are backed by sound sponsors with a proven track record. It further elaborates the potential of the number of investors our Capital Markets can attract.

“Octopus IPO has proved that there is ample liquidity in Pakistan’s domestic markets for good companies, with good management and a strong business model. This is a historic moment for digital Pakistan – it shows there are successful exits possible in a market like Pakistan. We expect this event will be a catalyst for investments into digital Pakistan. BMA Capital hopes to bring many more such companies to the PSX. The success of this IPO is a result of team work across teams from Avanceon, Octopus, SECP, PSX and BMA Capital. ,” said Mr. Moazzam M. Malik, Chairman and Chief Executive Officer (CEO) of BMA Capital Management.

Bidding opened on Thursday morning at 9am at the minimum price per share of Rs29 and achieved final bid price per share of Rs40.60 (within the first hour of bidding), which is presently the maximum allowed for IPOs in Pakistan. The company has sold 20.5 million shares (or 75% of total shares on offer) to both Institutional and Individual investors at the close of bidding at 5pm on Friday. It is scheduled to offer the rest of the 25% (or Retail Portion) on September 16-17 this week.

BMA Capital Management has an unprecedented legacy of serving as a top-tier financial institution since 1992. Our Investment Banking Group has been a leading player in the transaction landscape of Pakistan, having advised on deals ranging from IPOs to privatizations to advisory. Since inception, our Investment Banking Group has closed transactions in excess of USD 12 billion, which include some of the landmark (such as stake sale of PTCL…etc.) transactions in Pakistan.

“My team took the task of catering to this unprecedented investor interest with zeal and I look forward to bringing more attractive investment opportunities for our investors on the PSX” stated Mr. Malik at the close of bidding on Friday.

BMA Capital names Credit Suisse veteran, Farrukh H. Sabzwari as Managing Director –Equities

Karachi, Pakistan,February 09, 2018: BMA Capital Management Limited, Pakistan’s premier investment group, announced the appointment of Mr. Farrukh H. Sabzwarias Managing Director effective February 09, 2018.
Mr. Sabzwari, was recently Director Asian Equities Sales at Credit Suisse in Singapore. Having spent more than 20 years covering the Asian Equities asset class from New York, Singapore and Karachi with CLSA, KASB (A Merrill Lynch affiliate) and Credit Suisse –Farrukh brings a wealth of experience in Asian equities and more specifically, the Frontier Markets. His appointment is part of BMA’s continuing effort into achieving a dominant position with its clients whilst leveraging its extensive domestic and international distribution and reach.

Nadir Rahman, CEO of BMA Capital said, “We are delighted to have Farrukhjoin BMA Capital and welook forward to him spearheading our international, institutional, HNW and retail businesses along with Research. These are extremely important lines of business for BMA Capital and we hope to become the best in class in Pakistan under his leadership.”
Farrukh’s appointment is further testament to the BMA board’s strategy to provide the highest level of service coupled with the highest level of integrity.

BMA Capital Ranks Among CFA Excellence Awards Second Year in a Row

KARACHI: 28 September, 2015 – The CFA Society Pakistan acknowledged BMA Capital Management Limited, Pakistan’s premier financial services group, for the second year in a row, in its 12th annual excellence awards.
The firm, BMA Capital Management Limited, has been recognized as the “Best Brokerage House for Year 2014 – 2nd Runner Up” and BMA Capital’s nominated Analyst Azfer Naseem, CFA has been awarded the “Best Equity Research Analyst for Year 2014 – Runner Up”
The CFA Excellence Awards are considered the capital markets’ industry benchmark and are based on a confidential poll surveying respondents namely buy-side asset managers and investment professionals from Pakistan’s financial sector including banks, asset management companies, DFI’s and other financial institutions.
Referring on the award recognition, Moazzam M. Malik, Chairman & CEO of BMA Capital said “Being ranked among the winners of the awards for two consecutive years, ascribes BMA Capital as an entrusted and prefaced financial services firm amongst the competitors Masha Allah. Last year’s recognition was a tremendous achievement that we wanted to continue to build on. This we achieved through our well acquainted research team and trustworthy traders. It’s gratifying that our focus on growth through exceptional client service is being publicly acknowledged.”
“It’s a great accomplishment not just for an individual but for the entire research team who is much well versed and well-informed. Al Hamdo llillah. As an organization we value integrity and hard work which is the strength of BMA Capital,” said Azfer Naseem.
We thank our valued clients for the continued trust and support, and assure you of our ‘top-notch’ services and corporate best practices

Mr. Shah Jamal Hashmi & Mr. Naiel Oberoi Ikram Assume Roles as Co-Heads, BMA Financial Services

Mr. Shah Jamal Hashmi & Mr. Naiel Oberoi Ikram assume roles as Co-Heads of BMA Financial Services, a division of BMA Capital Management Limited and Pakistan first independent financial products distribution division. BMA Capital introduced BMA Financial Services in 2008 to pioneer a single distribution solution of equities, mutual funds, SMAs (Separately Managed Accounts), debt instruments (TFCs, T-Bills, PIBs) and other financial products. This was done to facilitate our clients reach an educated investment decision from a one stop shop for various investment options.

Mr. Hashmi and Mr. Ikram share more than 12 years of industry experience in financial product distribution. They have already been playing significant roles as investment facilitators in BMA Financial since its inception. In this new role they will be responsible for developing and leading a unified sales strategy across a full range of financial products present in Pakistan’s financial markets. They will also be looking forward to strengthening BMA Financial sales team with an excellent and capable sales force.

Commenting on their promotion in this new role, Mr. Moazzam M. Malik Chairman & CEO, BMA Capital Management Limited said, “We are delighted to welcome Shah Jamal and Naiel to this commendable new role. BMA Capital has the norm to nurture industry’s top talents. We are Insha Allah confident that their extensive industry experience will drive growth and further enhance our ability to serve our clients across the full spectrum of financial products and solutions”

“We are grateful to the senior management of BMA Capital for laying this trust on us and would like to take this opportunity to thank our clients whose trust has been the cornerstone of our success. Insha Allah in times ahead, equities, mutual funds and fixed income products will continue to see huge growth as investors value specialized yet comprehensive financial advisory services. We greatly look forward to taking on this new responsibility as we continue the growth of our dynamic firm to greater horizons.” said Mr. Ikram and Hashmi together.

New Batch of Nurses takes Oath at the Kharadar General Hospital

KARACHI: 22 April, 2015: The 10th Lamp Lighting / Oath Taking Ceremony at the Kharadar General Hospital (KGH) School of Nursing marked the commencement of new batches of General Nursing and Pupil Midwifery (RM) Programs. KGH is selflessly serving the cause of humanity with dignity and affection since the last 70 years. The hospital mandates to start higher degree programs for nurses and technicians in the way to achieving excellence in service. Mrs. Saeeda M. Mandviwalla and Mr. Mehmood Mandviwalla, Barrister at Law made their presence as Chief Guests. Mr. Moazzam M. Malik, Chairman & CEO BMA Capital Management Limited was also present at this event.
Addressing the student nurses, Mr. M. Bashir Janmohammad, President, Kharadar General Hospital, lauded them for having chosen this noble and challenging profession. “Nurses are the backbone of medical profession. Nurses heal, comfort and monitor the patients with compassion and diligence. Nurses treat their work not as a profession but take it as a way of life. People may forget what they did or what they said but they will not forget how they felt.”
Mr. Mehmood Mandviwalla, told the students to be mindful of the huge social responsibility they shouldered and try to be the assets for the society. He extended his good wishes to them and said “Today is the day that marks an important turning point for all of you. Until today you have received a great deal of affection and loving feelings from people around you, but from now on you will be the one to give love and affection to those who need them most. You should always remember that the blessings of the Lord will always be there to guide you and I hope each and every one of you will be the light that brightens the people of the world.”
During the ceremony, the nursing students lit lamps signifying hope and love. They pledged to be committed to the respectable profession, to serve the ill, wherever and whenever needed, and to treat the patients with love, respect and dignity.

BMA Capital unveils its new website

Mr. Muddassar Malik, Sponsor Shareholder & Director, BMA Group, inaugurates the launch of the new group website of BMA Capital

The new site embodies the company’s strategic commitment to meet the needs of local and international investors. It provides latest research on Pakistan’s listed corporate sector from our dynamic in-house research team. It also showcases press releases on the company’s recent and past engagements. It can be marked as a central hub to learn more about BMA Group and its commitment. It showcases the depth of everything we do and stand for, providing further insight into our investment approach, our values, our people and the story of our heritage.

The new website features a comprehensive modern design optimized for ease of use, for web, mobile and tab users. “BMA is steadily growing and we wanted an online presence that matches the same level of professionalism and service we provide on a daily basis to our valued clients. The new website will serve as a point of entry for anyone looking to learn more about BMA and we look forward to the new opportunities it will provide in connecting us with new clients and partners.” said Mr. Muddassar Malik, Sponsor Shareholder & Director, BMA Group.