10 PSX IPOs Raise Over Rs. 20 Billion This Year

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 already raising more than Rs. 20 billion from investors.

The remaining offering, LSE SPAC-II, is expected to begin its book-building process in the coming days.

Despite regional uncertainty and geopolitical tensions, Pakistan’s IPO market remained active, reflecting continued investor interest and the resilience of the country’s capital markets.

According to the SECP, the strong pipeline follows regulatory reforms aimed at simplifying the listing process, making it easier for companies to raise capital and encouraging greater participation in the stock market.

The IPOs represented a broad range of industries, including manufacturing, petroleum, dairy, Islamic finance, poultry, real estate, and technology.

Among the largest offerings, Service Long March Tyres Limited raised Rs. 7.77 billion to establish a passenger car tyre manufacturing plant in Nooriabad. Sitara Petroleum secured Rs. 4.83 billion, with its IPO fully subscribed within just eight minutes and attracting demand seven times the shares on offer.

Ghani Dairies raised Rs. 3.44 billion, becoming Pakistan’s first listed corporate dairy farm, while Wahdat Poultry generated nearly Rs. 1 billion to support its expansion plans.

Pak-Qatar General Takaful, the country’s first listed non-life Takaful company, received institutional demand exceeding 21 times the shares offered and attracted more than 13,000 retail investors.

The first half of the year also saw the listing of Signature Residency REIT, JS Rental REIT, and Pakistan’s first LSE SPAC-I, while LSE SPAC-II secured regulatory approval.

Select Technologies also joined the PSX.

SECP Chairman Dr. Kabir Ahmed Sidhu said the regulator will continue simplifying listing requirements and improving access to stock market investment.

He added that the Commission aims to broaden investor participation, help more Pakistanis benefit from economic growth, and strengthen capital markets as a key source of investment and economic development.