Flo-tek readies for BSE listing

The local bourse’s last Initial Public Offer (IPO), where shares are offered to the public before listing, was in 2017, although the Exchange has made various efforts to groom, develop and handhold various SMEs towards a listing.

Established in 1998, Flo-tek has grown from a small family-run business into a nationwide household name in the provision of pipes, tanks and associated materials. The company has operations in South Africa, Angola, Namibia, and Zambia, and has become the largest plastic pipe manufacturer in Southern Africa.