Tasdeeq Information Services: SECP clears first IPO of FY27

The Securities and Exchange Commission of Pakistan (SECP) approved on Tuesday the issuance, circulation, and publication of the prospectus for the Initial Public Offering (IPO) of Tasdeeq Information Services Limited (TISL).

“This marks the first IPO approved in FY2026–27, reflecting the continued momentum in Pakistan’s primary capital market,” said the SECP in a press statement.

Tasdeeq Information Services Limited is a credit bureau licensed by the State Bank of Pakistan.

The company collects, maintains, and disseminates credit information on individual and commercial borrowers to its member institutions, enabling informed credit assessment and lending decisions.

The company is offering a total of 219 million ordinary shares, comprising 69 million ordinary shares allocated to pre-IPO investors, and 150 million ordinary shares (representing 15.79% of the post-IPO paid-up capital) through the IPO.

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The IPO will be conducted through the book-building mechanism, with 75% of the issue allocated to institutional investors and high-net-worth individuals, while the remaining 25% will be offered to retail investors, added the statement.

“The approval reflects the effectiveness of SECP’s regulatory framework in facilitating capital formation while ensuring transparency, efficient price discovery, and investor protection.”

As part of its capital market development agenda, SECP, in collaboration with market stakeholders, continues to conduct nationwide IPO roadshows to encourage public listings and educate companies on the listing process and the benefits of raising equity capital through the stock market.