KARACHI: The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar Takaful Limited (PQFTL) from December 17, after the offering received a strong response from institutional investors during the book-building phase.
Under the retail tranche, 12.5 million shares — representing 25 percent of the total IPO size — will be offered to individual investors at a strike price of Rs18.02 per share. The subscription window for the general public will remain open for 24 hours, from December 17 to December 18.
The book-building phase of the IPO, which concluded last week, was oversubscribed by 3.2 times, reflecting strong demand from institutional investors and high-net-worth individuals. The final strike price of Rs18.02 was set at a 29 percent premium over the floor price of Rs14, enabling the company to raise approximately Rs676 million.
Market analysts believe the IPO provides investors with an opportunity to benefit from Pak Qatar Takaful Limited’s growth potential, while the pricing offers an attractive entry point for retail participants.
Following the strong institutional interest, market observers expect active participation from retail investors during the public subscription period.
