Pak Qatar General Takaful Limited (PQGTL) has officially opened its Initial Public Offering (IPO) for public subscription, following overwhelming interest from institutional investors during the book-building phase.
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The IPO, which commenced on 28 January, offers 7.5 million shares to retail investors at a strike price of PKR 14 per share, accounting for 25 per cent of the total shares on offer. This public tranche provides individual investors with an opportunity to participate in one of Pakistan’s most closely watched capital market listings in recent months.
Institutional demand during the book-building process was exceptionally strong, with the offering oversubscribed by 21 times. Total bids reached approximately PKR 4.74 billion, highlighting robust investor confidence in the company’s growth outlook and the broader takaful industry. Market participants view the response as a positive indicator for Pakistan’s Islamic insurance sector, which continues to gain traction amid rising demand for Shariah-compliant financial products.
The final strike price of PKR 14 was set 40 per cent above the floor price of PKR 10, allowing PQGTL to raise nearly PKR 420 million in capital. Analysts believe the strong institutional participation is likely to encourage healthy interest from retail investors during the public subscription phase.
The subscription window for public investors will remain open for 24 hours across 28 and 29 January, offering a limited timeframe for participation. With improving market sentiment and increasing appetite for takaful-based solutions, PQGTL’s IPO is being closely followed by investors seeking exposure to Pakistan’s evolving financial services landscape.
