KARACHI: Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of [21x] times, marking the first-ever IPO of a dedicated General Takaful company at PSX.
Investors responded strongly, with the strike price closing at Rs 14 per share, compared to the floor price of Rs 10. Total demand reached Rs 4.74 billion.
Successful bidders will be provisionally allotted 22,500,000 shares. The remaining 7,500,000 shares will be offered to retail investors on 28-29 January.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager for the IPO said that country’s first-ever IPO of any dedicated General Takaful Company has made a historic debut at PSX reflects investor confidence in Pakistan’s fast-growing Takaful sector and PQGTL’s strong market position.
The proceeds from the IPO will be utilized to fund strategic initiatives, including investments in software and other intangible assets, hardware & infrastructure, marketing & brand development, human resource enhancement, and the establishment of new branches, as well as the transformation of existing branches to improve operational efficiency and customer experience.
Copyright Business Recorder, 2026
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