Tasdeeq Information Services Limited (TISL) has determined its IPO strike price at Rs3 per share following the successful completion of the book-building process held on August 5 and 6, 2026.

The offering attracted total demand of approximately Rs4.60 billion against an issue size of around Rs214 million at the floor price, resulting in an oversubscription of 21.53 times.

A total of 317 investors participated in the book-building exercise, of which 293 investors were declared successful.

The book-building process provisionally allocated 112.5 million shares, with individual investors receiving 82.72 million shares, accounting for the largest share of the allocation. Institutional investors were allotted 29.78 million shares.

Among institutional participants, Mutual Funds emerged as the largest category with 17 successful bidders, receiving 11.99 million shares, followed by Securities Brokers, where 18 bidders were allocated 10.23 million shares.

Other institutional participation included:

• Insurance Companies: 1 bidder, 901,922 shares
• Foreign Institutional Investors: 2 bidders, 1.80 million shares
• Other Institutional Investors: 9 bidders, 4.85 million shares

No successful bids were recorded from commercial banks, development finance institutions (DFIs), investment banks, provident or pension funds, leasing companies, modarabas, or foreign individual investors.

The company stated that the book-building process concluded successfully with strong participation from both institutional and retail investors, reflecting robust demand for the offering.

The public subscription phase of the IPO is scheduled to take place in accordance with the approved offering timetable.