The Initial Public Offering (IPO) of Pak Qatar General Takaful Limited (PQGTL) has concluded with exceptional investor demand, being oversubscribed by nearly 10 times.
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During the public subscription held on January 28-29, 2026, investors applied for a total of 71.668 million ordinary shares, far exceeding the issue size of 7.5 million shares. The total amount applied for reached approximately Rs 1.003 billion.
Subscription Breakdown and Allotment Process:
| Application Category | Number of Applications | Shares Applied For |
|---|---|---|
| 500 Shares | 2,342 | 1,171,000 |
| 1,000 Shares | 2,873 | 2,873,000 |
| 1,500 Shares | 1,225 | 1,837,500 |
| 2,000 Shares | 3,349 | 6,698,000 |
| Above 2,000 Shares | 3,224 | 59,088,500 |
| Overall Total | 13,013 | 71,668,000 |
The allotment will be processed as follows to ensure fair access:
- Applications for up to 1,500 shares will be allotted in full.
- Applications for exactly 2,000 shares will be subject to a ballot.
- For applications exceeding 2,000 shares, the excess amount will be refunded.
This record response, compiled by CDC Share Registrar Services, underscores the robust and growing appetite among Pakistani investors for Shariah-compliant Takaful (Islamic insurance) and financial products.
