The Securities and Exchange Commission of Pakistan (SECP) has approved ten Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, according to a statement issued on Monday. Nine companies have already completed their IPOs, raising more than Rs20 billion through public offerings. Book building for LSE SPAC-II is scheduled in the coming days.
Strong IPO Momentum Amid Regional Uncertainty
The strong IPO momentum comes despite regional uncertainty and geopolitical tensions, demonstrating the resilience of Pakistan's capital market and sustained investor confidence. The robust IPO pipeline reflects the success of SECP reforms to simplify regulations and facilitate capital raising.
Diverse Sectors Represented
The IPOs spanned diverse sectors, including manufacturing, petroleum, dairy, Islamic finance, poultry, real estate and technology. Service Long March Tyres Limited raised Rs7.77 billion for a passenger car tyre manufacturing plant in Nooriabad. Sitara Petroleum raised Rs4.83 billion, with its IPO fully subscribed in just eight minutes and attracting demand seven times the shares offered.
Notable Listings
Ghani Dairies raised Rs3.44 billion, becoming Pakistan's first listed corporate dairy farm. Wahdat Poultry raised nearly Rs1 billion. Pak-Qatar General Takaful, Pakistan's first listed non-life Takaful company, received institutional demand 21 times the shares offered and attracted over 13,000 retail investors.
SPAC Activity
Pakistan's first LSE SPAC-I was listed, while LSE SPAC-II received SECP approval. The SECP continues to facilitate capital formation through innovative instruments, according to the statement.
