First IPO of Fiscal Year 2026-27 Approved; Company to Offer 219 Million Shares

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has approved the first Initial Public Offering (IPO) of the fiscal year 2026-27, under which a company will offer 219 million shares to investors.

According to the SECP, approval has been granted to Tasdeeq Information Services to launch its IPO on the Pakistan Stock Exchange (PSX). The commission has also authorized the issuance, publication, and distribution of the company’s prospectus.

Tasdeeq Information Services is a credit bureau licensed by the State Bank of Pakistan and provides consumer credit data to its member institutions.

The SECP stated that the company will offer a total of 219 million shares through the capital market, with the IPO to be conducted through the book-building process.

Under the approved allocation, 75 percent of the offered shares have been reserved for institutional investors and high-net-worth individuals, while the remaining 25 percent will be made available to retail investors.

The regulator noted that ongoing initiatives aimed at faster processing and greater digitalization have significantly improved companies’ access to Pakistan’s capital markets.

The approval marks the first IPO of the new fiscal year and reflects continued efforts by the SECP to facilitate capital formation and encourage broader participation in the country’s financial markets.