KARACHI: The book building process for Pak-Qatar General Takaful Limited (PQGTL)’s Initial Public Offering (IPO) begins today, January 21, and will continue until January 22. During this period, High-Net-Worth Individuals (HNWIs) and institutional investors will be able to subscribe to 75 percent of the issue, while the remaining 25 percent will be reserved for the general public.
Under the offering, PQGTL will issue 30 million shares at a floor price of Rs10 per share and a ceiling price of Rs14 per share, aiming to raise up to approximately Rs420 million. Of the total shares, 22.5 million (75 percent) are allocated for institutional investors, with 7.5 million (25 percent) earmarked for retail investors. Public subscription is scheduled for January 28–29.
Shahid Ali Habib, CEO of Arif Habib Limited, the lead manager of the IPO, described the offering as a “historic debut” on the Pakistan Stock Exchange (PSX), noting strong interest from both HNWIs and institutional investors. He highlighted that this is Pakistan’s first-ever IPO of a dedicated General Takaful company.
The IPO is part of PQGTL’s strategy to strengthen its paid-up capital, enabling compliance with regulatory requirements for non-life insurers and Takaful operators while supporting future growth initiatives.
This listing follows the successful debut of Pak-Qatar Family Takaful Limited (PQFTL) last month, which raised Rs.901 million in Pakistan’s first-ever Islamic insurance sector IPO.
Copyright Business Recorder, 2026
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