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PSX IPO tracker

New share offers on the Pakistan Stock Exchange: what is coming up for book building, which offers are waiting to list, and how every recent listing did on its first day and since.

14 listings tracked · 10 closed above the IPO price on day one · average day-one move +12.7%

Upcoming and in progress

Recent listings and how they did

CompanyListedIPO priceDay-one closeDay oneLatestSince IPO
NNARNaya Nazimabad Apartment REIT17 Sept 202623.0023.30+1.3%22.16−3.7%
SOYASUPAgro Processors & Atmospheric Gases Limited15 Sept 202633.0032.60−1.2%28.62−13.3%
TISLTasdeeq Information Services Limited24 Aug 20263.003.62+20.7%5.04+68.0%
SELECTSelect Technologies Limited13 Jul 202634.0031.59−7.1%30.50−10.3%
SPAC2LSE SPAC-II Limited13 Jul 202610.0015.00+50.0%14.11+41.1%
SLMService Long March Tyres Limited15 Jun 202619.9521.95+10.0%21.85+9.5%
SPSLSitara Petroleum Service Limited21 May 202618.9020.79+10.0%15.08−20.2%
JSRRJS Rental REIT18 May 202610.7010.63−0.7%10.95+2.3%
SPAC1LSE SPAC-I Limited11 May 202610.0015.00+50.0%23.39+133.9%
WAHDATWahdat Poultry Farm Limited8 May 202618.0019.80+10.0%14.07−21.8%
GDLGhani Dairies Limited19 Feb 202633.0029.72−9.9%18.03−45.4%
PQGTLPak Qatar General Takaful Limited10 Feb 202614.0015.40+10.0%12.50−10.7%
SRRSignature Residency REIT29 Jan 202614.0017.47+24.8%17.50+25.0%
PAKQATARPak Qatar Family Takaful Limited31 Dec 202518.0219.82+10.0%16.69−7.4%

IPO price = the opening price PSX set in its listing notice (the strike price from book building). Day one = first session's close against that price. Latest = last end-of-day close; returns ignore dividends. Source: PSX exchange notices, checked every few hours.

How a PSX IPO works

Book building. About 75% of the shares go to institutions and big investors, who bid over two days at or above the floor price and within the price band. The strike price is set where the shares are fully covered.

Public subscription. The remaining 25% is offered to everyone at the strike price a few days later, through your broker, bank or PSX's eIPO system. If it is oversubscribed, shares are allotted pro rata.

Listing. Trading starts a week or two later, with normal circuit breakers around the opening price. Read the prospectus first: new listings can fall as easily as they rise. More: corporate events · how to start investing · brokers.