ABHI Microfinance Bank has achieved a significant milestone in its Initial Public Offering (IPO), with its book-building portion reaching 158% (1.6x) subscription during the two-day bidding process held on November 5–6, 2026, on the Pakistan Stock Exchange (PSX). The successful completion of the book-building phase marks an important step in the Bank’s journey towards the capital markets, setting the stage for the upcoming retail subscription.
The IPO comprises 132 million shares, offered within a price band of PKR 15.00 to PKR 22.50 per share, with 75% of the issue allocated to institutional investors through book building and the remaining 25% reserved for retail investors. After the book-building phase, the IPO will move to its retail subscription stage on November 12–13, 2026, allowing eligible retail investors to participate.
With an issue size ranging from PKR 1.98 billion to PKR 2.97 billion, depending on the final offer price, the IPO marks another significant milestone for Abhi Microfinance Bank as it moves into its next phase of growth.
Abhi’s journey began in 2021 with a vision to make financial access more inclusive through technology-driven financial solutions. Starting with Earned Wage Access (EWA), the company gradually expanded its offerings across payroll solutions, salary financing, and SME lending, building a growing presence across the GCC region. A defining moment came in 2025, when Abhi acquired FINCA Microfinance Bank, marking a significant milestone in the evolution of Pakistan’s fintech landscape. The acquisition enabled Abhi to extend its vision beyond embedded financial services into regulated microfinance banking, combining fintech agility with the reach and infrastructure of a licensed banking institution.
Following the acquisition, the Bank transformed the Abhi Group, focusing on operational efficiency, financial performance, digital capabilities, and expanding access to financial services. This journey has now brought Abhi Microfinance Bank to the public markets through its IPO, representing a new chapter in its ambition to build a more inclusive and accessible financial ecosystem in Pakistan. As Abhi Microfinance Bank moves towards its retail subscription phase, the milestone reflects the continued evolution of a fintech-led business into a broader financial services institution, with financial inclusion remaining central to its vision.