February 2, 2026 (MLN): Pak Qatar General Takaful Limited’s Initial Public Offering (IPO) received an overwhelming response from investors, with applications totaling 71,668,000 ordinary shares, nearly 10 times the issue size of 7.5 million shares. The public subscription for the IPO was conducted from January 28 to 29, 2026, and the tentative results were compiled by M/s CDC Share Registrar Services Limited, as communicated through Arif Habib Limited.
A total of 13,013 applications were received across various share categories. Investors applied for 500, 1,000, 1,500, 2,000, and more than 2,000 shares, with the largest portion of applications coming from those requesting over 2,000 shares. The total subscription amount under the IPO reached Rs1.003 billion, reflecting strong market confidence in the company’s growth potential and the rising popularity of Shariah-compliant investment products in Pakistan.
Applications for up to 1,500 shares are set to be allotted in full, while those requesting 2,000 shares will be subject to balloting. Any applications exceeding 2,000 shares will have the excess amount refunded to investors. This allotment structure is designed to ensure a fair distribution of shares and provide smaller investors with an opportunity to participate fully in the IPO.
The subscription data indicates strong retail and institutional investor interest. Specifically, 2,342 applications were received for 500 shares, 2,873 applications for 1,000 shares, 1,225 applications for 1,500 shares, 3,349 applications for 2,000 shares, and 3,224 applications for above 2,000 shares, with the latter accounting for 59,088,500 shares and Rs827.2 million of the total subscription amount.
The exceptional oversubscription highlights the growing appeal of the Takaful sector and Shariah-compliant financial instruments in Pakistan. Investor enthusiasm suggests confidence in the company’s business model, its market positioning, and the potential for sustainable returns in a rapidly expanding insurance and takaful market.
This IPO also reflects broader trends in Pakistan’s capital markets, where investors are increasingly seeking ethical and Shariah-compliant investment opportunities, alongside conventional equity options. The strong subscription demonstrates not only the financial appetite of market participants but also the trust in regulatory frameworks that facilitate transparent and fair IPO processes.
Pak Qatar General Takaful Limited’s successful IPO signals a positive milestone for the company and the broader Takaful sector, reinforcing investor confidence and indicating a robust market for future Shariah-compliant investment products. The allotment process, structured to balance both small and large investor participation, ensures equitable distribution while maintaining market integrity.
The PSX has disseminated the relevant subscription and allotment details through an official notification, keeping all stakeholders informed about the IPO’s outcomes and the subsequent allotment procedures. This development marks another significant step in the growth of Pakistan’s capital markets and the increasing adoption of Islamic finance solutions.
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