The Securities and Exchange Commission of Pakistan (SECP) approved 10 Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, with nine companies successfully completing their offerings and raising more than Rs20 billion through public issues.

According to the regulator, the book building of LSE SPAC-II is scheduled to take place in the coming days, adding further momentum to Pakistan's primary market.

Despite regional uncertainty and geopolitical tensions, Pakistan's IPO market remained active, reflecting resilient investor confidence and strong participation. The PSX also outperformed most regional equity markets during the period.

The SECP attributed the growing IPO pipeline to regulatory reforms aimed at simplifying the listing process, improving access to capital markets, and encouraging more companies to raise funds through public offerings.

The approved IPOs represented a broad range of sectors, including manufacturing, petroleum, dairy, Islamic finance, poultry, real estate, and technology, highlighting the increasing depth and diversification of Pakistan's capital market.

Among the largest transactions, Service Long March Tyres Limited raised Rs7.77 billion to establish a passenger car tyre manufacturing facility in Nooriabad, while Sitara Petroleum secured Rs4.83 billion, with its IPO fully subscribed within eight minutes and attracting demand seven times the shares offered.

Ghani Dairies raised Rs3.44 billion, becoming Pakistan's first listed corporate dairy farm, while Wahdat Poultry mobilized nearly Rs1 billion to support its expansion plans.

The period also saw Pak-Qatar General Takaful become Pakistan's first listed non-life Takaful company, with institutional investors subscribing 21 times the shares offered and more than 13,000 retail investors participating in the public offering.

In the real estate segment, Signature Residency REIT and JS Rental REIT were successfully listed, expanding investment opportunities in professionally managed real estate assets.

Additionally, Pakistan's first LSE SPAC-I was listed on the PSX, while LSE SPAC-II received SECP approval. Select Technologies also entered the market, reflecting growing investor interest in Pakistan's technology and manufacturing sectors.

SECP Chairman Dr. Kabir Ahmed Sidhu said the Commission remains committed to further simplifying the listing process, making capital raising easier for businesses and stock market investment more accessible to the public. He added that expanding investor participation and strengthening Pakistan's capital markets remain central to the regulator's long-term strategy for supporting economic growth.