SECP Approves FY2026-27’s First IPO for Tasdeeq Information Services

The Securities and Exchange Commission of Pakistan (SECP) has approved the initial public offering (IPO) of Tasdeeq Information Services Limited, making it the first IPO to receive regulatory approval in the 2026-27 fiscal year.

According to the regulator, Tasdeeq Information Services has been authorized to issue, publish, and distribute its prospectus for listing on the Pakistan Stock Exchange (PSX). The company is a credit bureau licensed by the State Bank of Pakistan (SBP) and provides consumer credit information to its member financial institutions.

As part of the offering, the company will issue a total of 219 million shares through the book building process.

Under the approved structure, 75 percent of the shares will be allocated to institutional investors and high net worth individuals, while the remaining 25 percent will be offered to retail investors.

Credit bureaus play a key role in Pakistan’s financial sector by collecting and sharing borrowers’ credit histories with banks and other lending institutions. The data helps financial institutions assess borrowers’ creditworthiness, improve risk management, and support responsible lending decisions.

The SECP said recent improvements in IPO processing and the digitalization of regulatory procedures have made it faster and easier for companies to access Pakistan’s capital markets. The regulator has been pursuing reforms to encourage more listings on the PSX, broaden investor participation, and strengthen the country’s capital market ecosystem.