Image REIT IPO book-building concludes, strike price set at Rs10.01

September 12, 2025 (MLN): Image REIT (IREIT) has completed the book-building phase of its Initial Public Offering (IPO), with the issue being oversubscribed by 2.1 times.

The strike price was set at Rs10.01 per unit, following the book-building process conducted on September 10 and 11, 2025.

According to a letter submitted to the Pakistan Stock Exchange by Topline Securities and Growth Securities, the book-building process garnered a total participation of approximately Rs1.923 billion against an issue size of about Rs920 million.

A total of 209 investors participated, with 178 of them being successful in securing an allocation.

High Net Worth Individuals emerged as the dominant category, securing the largest share with 44,620,245 units provisionally allocated.

Other significant contributors to the oversubscription included commercial banks and various institutional investors.

Commercial banks were provisionally allocated 6,900,000 units, while mutual funds received 4,039,950 units. Other institutional investors were allocated 7,616,576 units, and securities brokers received 3,509,846 units.

The successful completion of the book-building process marks a key milestone for Image REIT as it moves forward with its public offering, signaling a robust market appetite for new investment products.

Provisional Allocation by Investor Category

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