PSX IPOs cross Rs20bn as SECP approves 10 listings

June 29, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) approved 10 Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, with nine companies successfully completing their offerings and raising more than Rs20bn through public issues.

The book building for LSE SPAC-II is scheduled to take place in the coming days.

The strong IPO momentum came despite regional uncertainty and geopolitical tensions, highlighting the resilience of Pakistan's capital market and sustained investor confidence.

The PSX also outperformed most regional markets during the period.

The robust IPO pipeline reflects the success of the SECP's regulatory reforms aimed at simplifying the listing process, facilitating capital raising, and encouraging more companies to access the capital market.

The IPOs covered a broad range of sectors, including manufacturing, petroleum, dairy, Islamic finance, poultry, real estate, and technology, demonstrating the increasing depth and diversity of Pakistan's capital market.

Among the major offerings, Service Long March Tyres Limited raised Rs7.77bn to establish a passenger car tyre manufacturing plant in Nooriabad.

Sitara Petroleum raised Rs4.83bn, with its IPO fully subscribed in just eight minutes and attracting demand seven times the shares on offer. Ghani Dairies secured Rs3.44bn, becoming Pakistan's first listed corporate dairy farm, while Wahdat Poultry raised nearly Rs1bn to support its business expansion.

Meanwhile, Pak-Qatar General Takaful, Pakistan's first listed non-life Takaful company, received an overwhelming response, with institutional investors subscribing 21 times the shares offered. The IPO also attracted more than 13,000 retail investors.

The period also witnessed the successful listing of Signature Residency REIT and JS Rental REIT, expanding investment opportunities in professionally managed real estate.

In addition, Pakistan's first LSE SPAC-I was listed on the exchange, while LSE SPAC-II received SECP approval. Select Technologies also joined the market, reflecting growing investor interest in Pakistan's technology and manufacturing sectors.

SECP Chairman Dr. Kabir Ahmed Sidhu said the Commission remains committed to further simplifying the listing process to make capital raising easier for companies and stock market investing more accessible for the general public.

He added that expanding investor participation, enabling more Pakistanis to benefit from the country's economic growth, and strengthening capital markets as a key driver of investment and economic development remain the regulator's key objectives.

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