KARACHI: Supernet Limited, a wholly owned subsidiary of Telecard Limited, is exploring the option of listing its shares on Pakistan Stock Exchange (PSX) through an initial public offering, a bourse filing said.
Telecard is actively looking towards enhancing its footprint in technology sector and feels confident that it will do so in coming months while growing its existing business lines.
Telecard Limited is exploring the opportunity of listing Supernet Limited on PSX with the prime objective of unlocking the value of its subsidiary. Expansion and acquisitions might be considered in the future.
The Initial Public Offering (IPO) of Supernet Limited would provide the Group with a platform for continued growth into new technologies and key geographies as well as enhancing its public profile and generating brand awareness in a market that understands the global scope and scale of opportunity for the group.
Supernet is the wholly owned subsidiary of Telecard Limited, a public company listed on the Pakistan Stock Exchange. Supernet has been a market leader in IT and Communication services since 1995. It offers a full portfolio of local-to-global communications solutions to enable key business processes of its customers.
Supersecure, a new venture of Supernet Limited, is a Managed Security Service Provider (MSSP) with a dedicated team of experts, focused on Information Security Solutions and Services.
Supernet Infrastructure Solutions (Superinfra) is part of Supernet Group of Companies. Superinfra offers a wide range of Power and ICT Infrastructure solutions that help businesses achieve their profitability objectives through the best use of advanced equipment and technology. Superinfra comprehensive portfolio of services and solutions includes Data Center Infrastructure, LAN & WIFI Solutions, Surveillance Solutions, Microsoft Services and Routing and Switching Solutions. In addition to the IT solutions, Superinfra also offers Solar Power, Backup Power and Operations and Maintenance solutions.
Supernet E-Solutions (SES) offers pre-packaged software and integrated ICT solutions to automate the most common processes of organizations to help improve productivity and quality of services.
Phoenix Global is Supernet’s UAE based company that offers a wide range of IT and communication solutions to the international clients.
Telecard Limited is poised to leverage its inherent advantage in experienced and trained human resources, established inroads into enterprise segment and already functional business lines to explore opportunities in technology sector with a focus to enhance revenues, profitability and diversification of its revenue streams.
Cognizant of the emerging opportunities due to COVID, on a global basis, Telecard is expanding its footprint into enterprise security solutions and business process software platforms by forming global alliances and leveraging in house expertise to deliver best in class solutions to its customers through its subsidiaries.
The company is short listing consultants and advisors, and the management would submit a detailed presentation to the board of directors based on advice and findings of the advisor for its consideration.
The Board of Directors also authorized the company to change the name of Telecard Limited to an appropriate name reflecting the changing nature of business of the company.