Pakistan Stock Exchange IPOs Surpass Rs20bn as SECP Greenlights 10 Listings

June 29, 2026: The Securities and Exchange Commission of Pakistan (SECP) has approved 10 Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026. Of these, nine companies successfully completed their offerings, raising over Rs20bn in public capital.

Book building for LSE SPAC-II is expected to commence in the near future.

Despite regional geopolitical tensions and economic uncertainty, the strong IPO momentum underscores the resilience of Pakistan’s capital market and sustained investor confidence. During this period, the PSX also outperformed several regional markets.

The robust pipeline of IPOs highlights the effectiveness of the SECP’s regulatory reforms, which were designed to streamline the listing process, facilitate capital raising, and encourage greater corporate participation in the capital markets.

The offerings spanned diverse sectors, including manufacturing, petroleum, dairy, Islamic finance, poultry, real estate, and technology, reflecting the growing depth and variety of Pakistan’s market landscape.

Notable transactions included Service Long March Tyres Limited, which raised Rs7.77bn to fund a new passenger car tyre manufacturing plant in Nooriabad. Sitara Petroleum raised Rs4.83bn in an IPO that was fully subscribed within just eight minutes, attracting demand seven times the available shares. Ghani Dairies secured Rs3.44bn, marking the debut of Pakistan’s first listed corporate dairy farm, while Wahdat Poultry raised nearly Rs1bn to fund its expansion efforts.

Pak-Qatar General Takaful, the nation’s first listed non-life Takaful company, saw massive interest as institutional investors subscribed to 21 times the offered shares, with over 13,000 retail investors participating.

The period also saw the successful listing of Signature Residency REIT and JS Rental REIT, providing new avenues for professional real estate investment. Furthermore, Pakistan’s first LSE SPAC-I was listed, and SECP approval has been granted for LSE SPAC-II. The entry of Select Technologies further signals increasing investor appetite for the technology and manufacturing sectors.

SECP Chairman Dr. Kabir Ahmed Sidhu stated that the Commission remains dedicated to simplifying listing procedures to ease capital raising for businesses and enhance market accessibility for the general public. He emphasized that the regulator’s primary objectives are to expand investor participation, allow more citizens to benefit from national economic growth, and strengthen capital markets as a fundamental driver of investment and economic development.

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