FY27 IPO activity begins with Tasdeeq approval

July 21, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has approved the first Initial Public Offering (IPO) of fiscal year 2026-27, allowing Tasdeeq Information Services Limited to proceed with its listing on the Pakistan Stock Exchange (PSX).

According to the SECP, the regulator has approved the issuance, publication, and distribution of the prospectus of Tasdeeq Information Services, paving the way for the company’s public offering.

Tasdeeq Information Services is a State Bank of Pakistan (SBP)-licensed credit bureau that provides credit information and data services to its member institutions.

The company collects, processes, and shares consumer credit data, enabling financial institutions to assess creditworthiness and manage lending risks.

As part of the IPO, Tasdeeq Information Services will offer 219 million shares to investors through the capital market.

The offering will be conducted through the book-building process, a mechanism used to determine the final offer price based on investor demand.

Under the IPO structure, 75% of the shares will be allocated to institutional investors and high-net-worth individuals, while the remaining 25% will be offered to retail investors.

The SECP said that continued improvements in regulatory processes, faster approvals, and increased digitalization have made access to the capital market easier for companies seeking growth financing.

The regulator highlighted that streamlined procedures are encouraging more businesses to tap the stock market for raising capital, enhancing market participation and strengthening Pakistan’s capital market ecosystem.

The listing of Tasdeeq Information Services marks the first IPO approval in FY27, signaling renewed activity in Pakistan’s primary equity market following increased investor participation and reforms aimed at improving market efficiency.

Copyright Mettis Link News