{"id":12170,"date":"2025-12-23T16:40:00","date_gmt":"2025-12-23T11:40:00","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=12170"},"modified":"2025-12-23T16:28:33","modified_gmt":"2025-12-23T11:28:33","slug":"astl-receives-rs-1bn-subscription-and-confirms-share-allotment","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/astl-receives-rs-1bn-subscription-and-confirms-share-allotment\/","title":{"rendered":"ASTL Receives Rs 1bn Subscription and Confirms Share Allotment"},"content":{"rendered":"\n<p>Amreli Steels Limited (<strong><a href=\"https:\/\/ksestocks.com\/blog\/tag\/astl\/\" data-type=\"post_tag\" data-id=\"215\">ASTL<\/a><\/strong>) announced that it has received the full subscription amount of <strong>PKR 1,000,000,000<\/strong>\/- (One Billion) against the allotment of 40,000,000 (Forty Million) ordinary shares of <strong>PKR 10<\/strong>\/- each.<\/p>\n\n\n\n<p><strong>ASTL<\/strong> had previously conveyed the approval for the issuance of these shares at a subscription price of <strong>PKR 25<\/strong>\/- per share, including a premium of <strong>PKR 15<\/strong>\/- per share, to Mr. Shayan Akberali, an existing sponsor of <strong>ASTL<\/strong>. Accordingly, the said shares have been duly issued to the allottee and have been successfully credited to his account in the Central Depository System.<\/p>\n\n\n\n<p>Consequent to the above, the paid-up capital of <strong>ASTL<\/strong> now stands increased to <strong>PKR 3,370,114,270<\/strong>\/- (Three Billion Three Hundred Seventy Million One Hundred Fourteen Thousand Two Hundred Seventy) (i.e. 337,011,427 ordinary shares of PKR 10\/- each). <strong>ASTL<\/strong> has completed all requisite formalities in connection with the allotment of shares and the increase in paid-up capital.<\/p>\n\n\n\n<p>According to the KSEStocks Database, <strong><a href=\"https:\/\/ksestocks.com\/blog\/tag\/astl\/\" data-type=\"post_tag\" data-id=\"215\">ASTL<\/a><\/strong> is covered by 2 analysts in Pakistan and they have an average price rating of PKR 30. This average price target suggests an upside of 23% from the last close of PKR 23.99.<\/p>\n\n\n\n<p>According to EPS estimates from 4 different brokers, astl has an average 2026 EPS expectation of -0.6. This suggests the stock is now trading at a forward PE of 8.4.<\/p>\n\n\n\n<p>Why do we compile research firms&#8217; forecasts? Broker research is fragmented across different houses. Compiling it in one place helps investors see consensus, identify divergence, and think independently rather than relying on a single view.<\/p>\n\n\n\n<p>You can get access to our database for a small fee of PKR 333 per month (PKR 999 per quarter). You can get in touch with us via WhatsApp:<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amreli Steels Limited (ASTL) announced that it has received the full subscription amount of PKR 1,000,000,000\/- (One Billion) against the allotment of 40,000,000 (Forty Million) ordinary shares of PKR 10\/- each. ASTL had previously conveyed the approval for the issuance of these shares at a subscription price of PKR 25\/- per share, including a premium [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":6453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152],"tags":[215],"class_list":["post-12170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-material-information","tag-astl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/ASTL-STOCK-PSX-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/ASTL-STOCK-PSX-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/ASTL-STOCK-PSX-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/ASTL-STOCK-PSX.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/12170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=12170"}],"version-history":[{"count":1,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/12170\/revisions"}],"predecessor-version":[{"id":12171,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/12170\/revisions\/12171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6453"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=12170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=12170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=12170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}