Public Offer of Rafhan Maize Products Company Limited("RMPL" or "Target Company")
Electronic Shares (CDC)
If your shares are held in electronic form, either in a Sub-Account with a broker or in a CDC Investor Account, you can tender them here.
Physical Shares
If your shares are held in the form of physical certificates, verify your eligibility here and follow the procedure set out in Terms and Conditions enclosed with the Offer Letter.
Regulatory Documents
Offer Price Per Share
PKR 9,800
Shares Under Offer
298,759
Manager to the Offer
Next Capital Limited
MTO Account Details
Participant ID
12484
Account No
165738
UIN
0059637
Reason codes
Please ensure your shares have been transferred to the MTO CDC Account (12484-165738) prior to submission of your application.
Acquirers (Nishat Group)
Important Dates
Eligibility Date
Eligible Shareholders List provided by the Target Company as of close of business on this date (i.e. one day prior to Book Closure Commencement)
Acceptance Period Commencement
Public Offer opens for acceptance at 9:00 A.M. PST
Acceptance Period End (Closing Date)
Public Offer closes at 5:00 P.M. PST. All submissions (online & physical) must be received by this time.
Payment & Return of Shares
By this date, payment via electronic transfer or pay order and return of excess shares, if applicable.
Step-by-Step Guide
Verify Eligibility
Check your eligibility by entering your CNIC No. (for individuals) or NTN / Name (for corporates).
Transfer Your Shares
Transfer your RMPL shares to the MTO CDC Account (Participant ID: 12484, Account No: 165738). If held in a Sub-Account, contact your broker. If held in a CDC Investor Account, contact CDC Investor Account Services.
Submit Acceptance Form
Once the share transfer is completed and you have received your transfer slip, submit your Acceptance Form through this portal along with your transfer slip and other relevant documents.
Receive Confirmation
Upon successful submission, a Provisional Receipt acknowledging receipt of your Acceptance Form will be issued by the Manager to the Offer (MTO) to your registered email address within 48 hours. The issuance of a Provisional Receipt shall not be construed as acceptance of your shares; acceptance remains subject to the terms and conditions set out in the Offer Letter and Public Announcement of Public Offer.
Frequently Asked Questions
Eligibility & Offer Details
Q. I have the shares but have not received the Offer Letter yet. What should I do?
Q. How many shares can I tender?
Q. What is the offer price?
Q. How many shares will be accepted?
Q. Is it mandatory to tender my shares?
Q. Who are the Acquirers?
Q. Who is the Manager to the Offer?
Q. Why are the Acquirers acquiring RMPL?
Q. Will RMPL remain a listed company after the acquisition?
Q. What is the Eligible Shareholders List?
Tendering Process & Timeline
Q. What is the time period to tender my shares?
Q. What is the process for tendering shares?
Q. What are the details of the MTO CDC Account?
Q. Can the timeline for acceptance be extended?
Q. Can I withdraw my application after submission?
Q. What conditions apply to acceptance of tendered shares?
Payment & Settlement
Q. When will I receive payment and how?
Q. When will excess shares be returned?
Q. Will any interest or markup be paid on the offer price?
Q. What is the form of consideration?
Q. What financial security arrangements are in place for the Public Offer?
Documents & Requirements
Q. What documents are required?
Portal, Tracking & Physical Shares
Q. How will I know my submission has been received?
Q. I have lost my physical shares. What should I do?