Pak-Qatar Takaful IPO sees historic demand

January 30, 2026 (MLN): The response to Pak-Qatar General Takaful Limited (PQGTL)’s Initial Public Offering (IPO) has been exceptional.

Due to unprecedented demand from retail investors, the public portion has been increased from 25% to 30%, while the bookbuilding tranche has been reduced from 75% to 70%.

This is the first time in Pakistan’s IPO history that strong retail participation has compelled large institutional investors to scale back allocations, allowing more individual investors to participate in the company’s growth journey, according to Shahid Ali Habib in a post on X.

PQGTL, part of the Pak-Qatar Group, commenced the IPO registration on January 16, which continued until January 22.

The company aims to raise up to Rs420m through its offering, which will help enhance its paid-up capital base and support planned growth initiatives.

Under the IPO, PQGTL will issue 30m shares, with a floor price of Rs10 per share and a ceiling price of Rs14 per share.

The company will become the first dedicated general (non-life) Takaful operator to be listed on the Pakistan Stock Exchange (PSX).

PQGTL provides a comprehensive portfolio of Shariah-compliant general Takaful products for both corporate and individual clients and holds approximately 19% of the country’s dedicated general Takaful market.

The proceeds from the IPO will be used to fund strategic initiatives, including technology investments, marketing and brand development, human resource enhancement, and branch expansion to improve operational efficiency and customer service.

PQGTL’s IPO follows the successful listing of Pak-Qatar Family Takaful Limited (PQFTL) last month, which raised Rs901m and became Pakistan’s first family Takaful company to list on the PSX, demonstrating strong investor demand for Shariah-compliant financial products.

The strong retail interest in PQGTL’s IPO follows the listing of Pak-Qatar Family Takaful Limited (PQFTL) earlier, which was oversubscribed by 3.5 times at a strike price of Rs18.02 per share, highlighting robust investor appetite for Shariah-compliant financial products in Pakistan.

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