Wahdat IPO packs a punch with 5x oversubscription

MG News | April 22, 2026 at 09:56 AM GMT+05:00

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April 22, 2026 (MLN): The initial public offering (IPO) of Wahdat has drawn strong investor interest, with the book building phase oversubscribed by five times, signaling robust demand and market confidence.

The strike price was set at Rs18 per share, marking a 50% increase from the floor price of Rs12.

The overwhelming response from institutional investors emphasizes confidence in Wahdat’s growth strategy, operational strength, and future outlook.

The strong subscription levels are viewed as a positive indicator for the company’s prospects as it prepares to enter the public market.

Topline Securities Limited acted as the Consultant to the Issue, facilitating the successful completion of the book building process, according to their LinkedIn post.

Following this milestone, the IPO now moves into its next phase, which includes the retail subscription period and eventual listing on the stock exchange.

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