Pakistan’s capital market is thriving, to say the very least. Today, the Securities and Exchange Commission of Pakistan (SECP) announced a massive milestone for the first half of 2026. The regulator approved ten Initial Public Offerings (IPOs) for the Pakistan Stock Exchange (PSX). Nine of these companies have already completed their public offerings. Consequently, they raised over Rs. 20 billion. Meanwhile, book building for the tenth listing, LSE SPAC-II, will take place in the coming days.
PSX IPOs Defying the Odds
This strong momentum is highly impressive. Pakistan achieved these numbers despite regional uncertainty and geopolitical tensions. Therefore, the market demonstrated remarkable resilience and sustained investor confidence.
Furthermore, this robust pipeline highlights the success of recent SECP reforms. The commission actively simplified regulations to facilitate capital raising. Because of this strategic shift, more companies can now easily access the capital market.
These new IPOs represent a wide variety of industries. Specifically, they cover manufacturing, petroleum, dairy, Islamic finance, poultry, real estate, and technology. This variety proves the growing depth and breadth of Pakistan’s capital market.
Several companies posted massive numbers. Service Long March Tyres Limited raised Rs. 7.77 billion. The company will use these funds to establish a passenger car tyre manufacturing plant in Nooriabad. Next, Sitara Petroleum secured Rs. 4.83 billion. Amazingly, investors fully subscribed to its IPO in exactly eight minutes. The petroleum company attracted demand seven times higher than the offered shares.
Additionally, Ghani Dairies raised Rs. 3.44 billion to become Pakistan’s first listed corporate dairy farm. Wahdat Poultry also successfully raised nearly Rs. 1 billion for business expansion.
Other historic listings dominated the market as well. Pak-Qatar General Takaful officially became Pakistan’s first listed non-life Takaful company. It attracted institutional demand 21 times higher than the offered shares, alongside more than 13,000 retail investors.
Real Estate, Tech & Future Growth
The PSX also welcomed new real estate and technology investments. Signature Residency REIT and JS Rental REIT successfully listed on the exchange. Consequently, they expanded investment opportunities in professionally managed real estate.
Pakistan also saw the listing of its first Special Purpose Acquisition Company, LSE SPAC-I. Select Technologies joined the market too, confirming the growing investor interest in the local technology and manufacturing sectors.
Moving forward, the SECP plans to keep this momentum alive. SECP Chairman Dr. Kabir Ahmed Sidhu reaffirmed the commission’s commitment to simplifying listings. He wants to make stock market investing easier and more accessible. Ultimately, his objective is to expand investor participation. This strategy will allow more Pakistanis to share in the country’s economic growth and strengthen capital markets as a primary driver of investment.
