LSE SPAC-I Limited draws 1.7x oversubscription in public offering

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MG News | May 05, 2026 at 03:57 PM GMT+05:00

May 05, 2026 (MLN): LSE SPAC-I Limited's initial public offering, held on April 29 and 30, 2026, closed with a robust response from retail and institutional investors alike.

Final subscription data compiled by registrar M/s FD Share Registrar Services Limited confirmed total applications of 8,453,500 ordinary shares, exceeding the 5,000,000-share issue size by a factor of 1.7, according to the company’s filing on PSX.

The offering drew 1,486 total applications across all share categories, with a combined subscription value of Rs. 84,535,000. The largest share of demand came from investors applying for above 2,000 shares, who submitted 224 applications representing 7,349,000 shares worth Rs. 73,490,000.

Category

Applications

Shares

Amount (Rs.)

500 shares

707

353,500

3,535,000

1,000 shares

322

322,000

3,220,000

1,500 shares

74

111,000

1,110,000

2,000 shares

159

318,000

3,180,000

Above 2,000 shares

224

7,349,000

73,490,000

Total

1,486

8,453,500

84,535,000

 

Under the allocation policy, applicants for up to 2,000 shares will receive full allocation. Investors who applied for above 2,000 shares will have their allotments determined on a pro-rata basis given the excess demand in that segment.

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