Pakistan IPOs raise over PKR 20 billion in first half of 2026

Pakistan approved 10 initial public offerings for listing on the Pakistan Stock Exchange in the first half of 2026.

Nine companies have already raised more than 20 billion rupees, around $71 million, the Securities and Exchange Commission of Pakistan said.

How much did Pakistan IPOs raise in 2026?

Pakistan IPOs raised over PKR 20 billion in the first half of 2026 across nine completed offerings out of 10 approved listings. The figures were confirmed by the SECP, Pakistan's capital markets regulator.

Book building for LSE SPAC-II, the latest approved special purpose acquisition company, is expected in the coming days.

Why are companies still listing despite regional tensions?

The steady flow of listings came despite regional uncertainty and geopolitical tensions in the wider region. This points to the resilience of Pakistan's capital markets and sustained investor appetite for new offerings.

The SECP said the strong pipeline also reflected regulatory reforms aimed at simplifying listing requirements and easing capital raising.

Which sectors saw the most IPO activity?

The IPOs covered a broad range of sectors, including manufacturing, petroleum, dairy, Islamic finance, poultry, real estate and technology. This sectoral mix points to growing depth and diversification in Pakistan's capital markets. Among the largest deals, Service Long March Tyres raised 7.77 billion rupees to build a passenger car tyre plant in Nooriabad.

Sitara Petroleum secured 4.83 billion rupees after its offering was fully subscribed within eight minutes, drawing demand seven times the shares on offer. Ghani Dairies raised 3.44 billion rupees, becoming Pakistan's first listed corporate dairy farm. Wahdat Poultry raised nearly 1 billion rupees for expansion.

What was the most oversubscribed IPO in Pakistan this year?

Pak-Qatar General Takaful, the country's first listed non-life takaful company, was the most oversubscribed IPO of the period. It attracted institutional demand worth 21 times the shares offered and drew more than 13,000 retail investors. The period also saw the listing of Signature Residency REIT and JS Rental REIT, expanding real estate investment options in Pakistan.

Pakistan's first LSE SPAC was also listed during the period, while Select Technologies joined the market. Both reflect growing investor interest in technology and manufacturing. SECP Chairman Dr. Kabir Ahmed Sidhu said the regulator would continue simplifying listings and broadening investor participation to strengthen capital markets as a driver of economic growth.