Image REIT IPO oversubscribed by more than double

MG News | September 24, 2025 at 10:38 AM GMT+05:00

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September 24, 2025 (MLN): The Initial Public Offering (IPO) of Image REIT has attracted an overwhelming response from investors, with applications totaling 47.45 million units, oversubscribing the issue size of 23m units by more than two times.

According to subscription figures compiled by Hameed Majeed Associates (Pvt.) Limited, the IPO subscription was held on September 17 and 18, 2025.

The applications were received through Bankers to the Issue, CDC e-IPO, and PSX e-IPO, according to the PSX notice.

A total of 6,402 applications were submitted across various categories, with the highest participation coming from applicants applying for more than 2,000 units, who accounted for 42.97m units worth Rs430.1m.

Description	Number of Applications	Number of Units	Amount (Rs)
Application of 500 units	806	403,000	4,030,000
Application of 1000 units	925	925,000	9,250,000
Application of 1500 units	197	295,500	2,955,000
Application of 2000 units	1,431	2,862,000	28,620,000
Application of above 2000 units	3,043	42,968,000	430,109,680
Total	6,402	47,453,500	474,964,680

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