January 31, 2025 – DH Partners Limited (DHPL) is set to make its debut on the Pakistan Stock Exchange (PSX) with trading scheduled to begin on Monday, February 3, 2025. The listing follows a significant restructuring process under a Scheme of Arrangement, in which Engro Holdings Limited (ENGROH) has been demerged into two distinct legal entities, one of which is DHPL.
As per the official notification released by PSX, DHPL will offer its shares at an opening price of Rs 58.99 per share, a figure previously announced by Engro Holdings Limited (ENGROH) on January 3, 2025, and disseminated via the Pakistan Unified Clearing and Settlement System (PUCARS).
The listing of DHPL marks a major development in the restructuring efforts of ENGROH, formerly known as Dawood Hercules Corporation Limited. Under the Scheme of Arrangement, all assets, liabilities, and obligations of ENGROH—except its investment in shares of Engro Corporation Limited—have been transferred to DHPL. The Scheme was formally sanctioned by the Islamabad High Court on July 18, 2024, and took effect from January 1, 2025.
One of the key components of this restructuring is the swap ratio, which allocated 1 share of DHPL for every 1 share of ENGROH. As a result, the shareholders of ENGROH are now the rightful owners of DHPL shares, allowing them to benefit from the company’s performance on the stock market.
The company is scheduled to be listed on the PSX Main Board under the “Investment Banks/Investment Companies/Securities Companies” sector in the Exchange’s Daily Quotation. This marks a significant step for DHPL as it joins the ranks of listed companies on one of Pakistan’s leading stock exchanges.
Trading in DHPL shares will be conducted on a T+2 settlement basis, meaning that trades made on February 3, 2025, will be settled by Thursday, February 6, 2025. The company’s shares will have a market lot size of 1 share, with a nominal value of Rs 10 each.
The Central Depository Company of Pakistan Limited (CDC) has already classified DHPL’s shares as eligible securities, ensuring that the company’s shares are fully integrated into the depository system. All transactions involving DHPL’s shares will be settled through the National Clearing Company of Pakistan Limited (NCCPL), which has also assigned the security symbol “DHPL” to the company’s shares.
The listing is expected to enhance DHPL’s visibility in the capital markets, attract institutional and retail investors, and provide the company with new opportunities for growth and expansion. The move is also likely to positively impact investor sentiment, as it reflects both the restructuring success and the company’s readiness to become an active participant in Pakistan’s evolving financial ecosystem.
For investors and analysts, DHPL’s entry into the PSX offers a fresh investment opportunity, particularly as the company works to establish itself as a key player in the financial services and investment sectors.
In conclusion, the listing of DHPL represents a new chapter for the company, one that promises to bring about more transparency, liquidity, and investment potential for stakeholders. The market is closely watching this development, with expectations that the company’s performance on the PSX will be a crucial indicator of its future trajectory.