Pak Qatar General Takaful IPO public portion oversubscribed by 9.6x

Pak Qatar General Takaful Limited’s IPO witnessed extraordinary investor demand, with applications for 71.7 million shares received through 13,013 applications, totalling PKR 1.003 billion. This resulted in an oversubscription of approximately 9.6x. The public offering was held on 28–29 January 2026.

Unprecedented retail demand led to a historic development: the public portion was increased from 25% to 30%, marking the first time in Pakistan’s capital market history that such an increase has been made to accommodate individual investors.

For the first time in Pakistan’s IPO history, overwhelming participation from retail investors prompted institutional investors to step back — ensuring wider public ownership and a stronger retail footprint.

As per the allotment criteria, applications for up to 1500 shares will be accepted in full, while applications for 2000 shares are subject to balloting. Furthermore, all applications with more than 2,000 shares will be fully refunded.

Earlier, the book-building portion of the IPO was oversubscribed by 21x and priced at a 40% premium over the floor price. Congratulations to the Pak Qatar General Takaful Limited team and Arif Habib Limited, Consultant to the Issue, on the successful completion of the public offering and the record-breaking investor participation.