TISL strike price fixed at Rs3 per share
MG News | August 07, 2026 at 02:44 PM GMT+05:00
August 07, 2026 (MLN): Tasdeeq
Information Services Limited (TISL) has determined a strike price of Rs3 per
share through Book Building conducted on August 5 and 6, 2026, with the
offering drawing total participation of approximately Rs4,603 million against
an issue size of around Rs214 million on the floor price, translating into an
oversubscription of 21.53 times.
The development was shared by
Topline Securities Limited, acting as book runner.
A total of 317 investors participated in the
Book Building process, of which 293 were declared successful.
A category-wise breakup of
successful investors is as follows:
|
S. No |
Category |
No. of Bidders |
Shares Provisionally
Allocated |
|
1 |
Commercial Banks |
0 |
0 |
|
2 |
Development Financial
Institutions |
0 |
0 |
|
3 |
Mutual Funds |
17 |
11,997,564 |
|
4 |
Insurance Companies |
1 |
901,922 |
|
5 |
Investment Banks |
0 |
0 |
|
6 |
Employees' Provident/Pension
Funds |
0 |
0 |
|
7 |
Leasing Companies |
0 |
0 |
|
8 |
Modarabas |
0 |
0 |
|
9 |
Securities Brokers |
18 |
10,226,882 |
|
10 |
Foreign Institutional Investors |
2 |
1,803,842 |
|
11 |
Any Other Institutional
Investors |
9 |
4,852,072 |
|
Total Institutional
Investors |
47 |
29,782,282 |
|
|
12 |
Foreign Investors (Individual) |
0 |
0 |
|
13 |
Local Investors (Individual) |
246 |
82,717,718 |
|
Total Individual Investors |
246 |
82,717,718 |
|
|
GRAND TOTAL |
293 |
112,500,000 |
Individual investors accounted
for the bulk of allocation, receiving 82.72 million shares out of the total
112.5 million shares provisionally allocated, while institutional investors
were allotted 29.78 million shares.
Among institutional categories,
Mutual Funds and Securities Brokers led participation with 17 and 18 bidders
respectively, together accounting for the majority of institutional allocation.
The aforementioned information was
disseminated through a notification to Exchange.
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