Key Takeaways
- Tasdeeq Information Services Limited is set to raise Rs450 million through an IPO.
- The company sold 75% of its shares to high-net-worth individuals and institutional investors at a price of Rs3 per share.
- The remaining 25% will be offered to retail investors on August 11-12, 2026.
Tasdeeq Information Services Limited is poised to raise Rs450 million through an Initial Public Offering (IPO) on the Pakistan Stock Exchange (PSX), marking a significant milestone for the company.
The shares are being sold at a price of Rs3 each, determined through a two-day Dutch auction that concluded on Thursday. The bidding process began with a minimum floor price of Rs1.9 per share and saw an impressive 58% increase to reach Rs3 per share by the end of the auction.
According to Topline Securities, which acted as the consultant for this issuance, Tasdeeq has already secured Rs337.5 million from selling 75% (or 112.5 million) of its shares to high-net-worth individuals, institutional and corporate investors during the Dutch bidding process.
The remaining 25% of the total 150 million shares will be offered to retail investors at the same strike price of Rs3 per share on August 11-12, 2026. This is expected to raise an additional Rs112.5 million, bringing the total equity raising through this IPO to Rs450 million.
Tasdeeq, a State Bank of Pakistan (SBP) regulated credit information and analytics company, plans to use these funds for product development, strengthening its technology infrastructure and information security, as well as funding consumer marketing initiatives. The company prospectus highlights that the proceeds will support its strategic roadmap.
The book-building process was oversubscribed by 21.53 times, making it the second-highest oversubscribed book-building in PSX history. This underscores the high demand for Tasdeeq’s shares and its significance as Pakistan’s first SBP-licensed private credit bureau, one of only two licensed in the country.
Tasdeeq is set to become the first credit bureau to list in South Asia, marking a historic moment for the financial services sector. The company’s listing on PSX will provide it with greater visibility and access to capital markets, enabling further growth and innovation.
