Tasdeeq Information Services Limited’s Initial Public Offering (IPO) has attracted substantial demand from the general public, with investors submitting applications for 812.907 million shares against an issue size of 37.5 million shares. The subscription level represents an oversubscription of approximately 21.68 times, highlighting strong investor interest in the company’s public offering.
The General Public Subscription was conducted on August 11 and August 12, 2026, with both days included in the subscription period. The final subscription figures were compiled by CDC Share Registrar Services Limited as of August 13, 2026. The information was disclosed through a notification submitted to the Pakistan Stock Exchange, based on a letter issued by Topline Securities Limited, which managed the IPO.
A total of 11,358 applications were received during the public subscription period. These applications represented an aggregate amount of Rs2.439 billion, against the shares offered to the general public. The high level of demand resulted in applications for more than 21 times the number of shares available under the issue.
According to the subscription details, applicants seeking up to 2,000 shares will receive full allocation, subject to scrutiny and completion of the required due process. Applications for more than 2,000 shares will be allocated on a pro-rata basis. The final allocation remains subject to verification of applications and other applicable procedures.
The subscription data shows demand across several application categories. Investors applying for 500 shares submitted 1,690 applications for a combined 845,000 shares, representing an application amount of Rs2.535 million. The category for 1,000 shares received 1,810 applications, covering 1.81 million shares and an aggregate amount of Rs5.43 million.
The 1,500-share category recorded 646 applications for a combined 969,000 shares, with the total application amount reaching Rs2.907 million. Applicants seeking 2,000 shares submitted 3,088 applications, representing demand for 6.176 million shares and an aggregate application amount of Rs18.528 million.
The largest portion of demand came from applicants seeking more than 2,000 shares. This category accounted for 4,124 applications and represented demand for 803.107 million shares. The total amount represented by these applications was Rs2.409321 billion, making it the dominant category in terms of both shares requested and value.
Across all categories, the IPO received 11,358 applications for 812.907 million shares, with the total amount reaching Rs2.438721 billion. The figures demonstrate that demand was significantly higher than the number of shares available under the public offering. The strong subscription response places Tasdeeq Information Services among recent offerings to attract significant interest from Pakistan’s equity market investors. The 21.68 times oversubscription indicates that the number of shares sought by investors substantially exceeded the 37.5 million shares available under the issue.
The allocation mechanism will now determine the distribution of shares among successful applicants. Those applying for up to 2,000 shares are set to receive their full allocation, while applicants seeking larger quantities will receive shares according to the applicable pro-rata allocation process. All applications and allocations remain subject to scrutiny and completion of the required procedures.
CDC Share Registrar Services Limited compiled the subscription figures, while Topline Securities Limited acted as the manager of the IPO. The subscription information was subsequently disseminated to the exchange through an official notification. The strong public response reflects considerable participation in Tasdeeq Information Services Limited’s IPO, with investors collectively seeking more than 812 million shares against the 37.5 million shares offered. With the subscription process completed, the next stage will involve final scrutiny, allocation and completion of the procedures required for the public offering.
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