Pakistan’s SECP Greenlights Ten IPOs in First Half of 2026, Raising Over Rs20 Billion

ISLAMABAD:

The Securities and Exchange Commission of Pakistan (SECP) has approved ten Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, as announced in a statement released on Monday. Nine companies have successfully concluded their IPOs, collectively raising over Rs20 billion through public offerings. Additionally, book building for LSE SPAC-II is set to commence shortly.

The strong performance of IPOs in this period, despite ongoing regional uncertainties and geopolitical challenges, underscores the resilience of Pakistan’s capital markets and sustained investor confidence. This momentum aligns with SECP’s ongoing reforms aimed at streamlining regulatory processes and enhancing capital-raising opportunities.

Sectoral diversification was evident in the IPOs, covering manufacturing, petroleum, dairy, Islamic finance, poultry, real estate, and technology sectors. Notable issuances include Service Long March Tyres Limited, which raised Rs7.77 billion to fund a passenger car tyre manufacturing facility in Nooriabad; Sitara Petroleum, which garnered Rs4.83 billion and achieved full subscription within eight minutes, with demand seven times the shares offered; and Ghani Dairies, Pakistan’s first listed corporate dairy farm, securing Rs3.44 billion. Wahdat Poultry also raised nearly Rs1 billion.

Pak-Qatar General Takaful, recognized as Pakistan’s first listed non-life Takaful company, witnessed institutional demand 21 times the available shares and drew participation from over 13,000 retail investors. Furthermore, Pakistan’s inaugural LSE SPAC-I was listed, while LSE SPAC-II received regulatory approval for future offerings.

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