KARACHI: The general public can subscribe to the Initial Public Offering (IPO) of Pak Qatar General Takaful Limited (PQGTL) starting January 28, following strong demand from institutional investors during the book-building phase.
A total of 7.5 million shares, representing 25 percent of the total IPO, will be available to retail investors at a strike price of Rs14 per share. The subscription window will remain open for 24 hours on January 28 and 29.
The IPO’s book-building phase, which concluded last week, was oversubscribed 21 times, reflecting robust demand from institutional investors and high-net-worth individuals, with total participation amounting to Rs4.74 billion.
The strike price of Rs14 per share was set 40 percent above the floor price of Rs10, allowing the company to raise Rs420 million in funds.
With the general public now able to participate, market analysts expect active subscription, following the strong institutional response earlier.
Copyright Business Recorder, 2026
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