Pak Qatar General Takaful sells 30% shares to general public against allocated 25%

Pak Qatar General Takaful Limited’s (PQGTL) sale of shares to the general public at the initial public offering (IPO) oversubscribed by 9.6 times at the Pakistan Stock Exchange (PSX).

The exceptional demand agreed the firm to increase the portion of shares for the retail investors to 30% from previously decided 25%.

The lead manager of the IPO Arif Habib Limited reported that PQGTL’s IPO witnessed an extraordinary 9.6 times oversubscription, with 71.6 million shares applied through 13,012 applications, amounting to Rs1.003 billion.

“Unprecedented retail demand increased the public portion from 25% to 30%.”

“For the first time in Pakistan’s history, overwhelming participation from individual investors led institutional investors to step back – ensuring wider public ownership and a stronger retail footprint,” it said.

Also read: Debut IPO of 2026: Pak-Qatar General Takaful share price hit upper limit of Rs14

“Applications up to 2,000 shares are subject to balloting; applications above 2,000 shares will be fully refunded,” AHL added.

Earlier, the general Takaful firm had offered 25% (7.50 million) shares to general public at Rs14 per share on January 28-29, 2026.

The company determined the selling/strike price – Rs14 per share – at the two-day Dutch bidding (book building) process held at the PSX earlier this month.

The general Takaful firm received bids from investors worth totaling at Rs4.74 billion, recording the highest oversubscription of 21 times in the history of the PSX.