Pakistan records strong IPO momentum as 10 firms raise over Rs20bn
- SECP says the remaining IPO, LSE SPAC-II, will begin book-building in the coming days
The SECP approved 10 IPOs in H1 2026, with nine companies raising over Rs20 billion across diverse sectors, reflecting robust capital market activity despite regional uncertainty.
- Diverse sectors covered by the approved IPOs.
- Major companies and funds raised, including record subscriptions.
- SECP's efforts to simplify listing and boost market participation.
The Securities and Exchange Commission of Pakistan approved 10 initial public offerings (IPOs) for listing on the Pakistan Stock Exchange during the first half of 2026, with nine companies raising more than Rs20 billion through public offerings, the regulator said on Monday.
The remaining IPO, LSE SPAC-II, is scheduled to begin book building in the coming days.
According to the SECP, the IPOs covered manufacturing, petroleum, dairy, Islamic finance, poultry, real estate and technology, reflecting broad-based activity in the capital market despite regional uncertainty.
Among the largest offerings, Service Long March Tyres Limited raised Rs7.77 billion to establish a passenger car tyre manufacturing plant in Nooriabad, while Sitara Petroleum raised Rs4.83 billion after its IPO was fully subscribed within eight minutes, attracting demand seven times the shares on offer.
READ MORE: A new direction at SECP: Reforming markets, expanding investment and building confidence
Ghani Dairies raised Rs3.44 billion, becoming Pakistan’s first listed corporate dairy farm, while Wahdat Poultry secured nearly Rs1 billion for expansion.
Pak-Qatar General Takaful, the country’s first listed non-life takaful company, received institutional demand 21 times the shares offered and attracted more than 13,000 retail investors.
The period also saw the listing of Signature Residency REIT, JS Rental REIT, Pakistan’s first LSE SPAC-I and Select Technologies. LSE SPAC-II has also received SECP approval.
SECP Chairman Kabir Ahmed Sidhu said the regulator would continue simplifying listing requirements and improving access to stock market investment to expand investor participation and support capital market development.
Comments