Karachi: To mark the listing of South Asia’s first publicly listed credit bureau, Tasdeeq Information Services Limited, Pakistan Stock Exchange (PSX) held a gong ceremony at PSX Trading Hall on Monday.
The transaction, according to a statement issued here, covered 219 million ordinary shares, of them 69 million placed with pre-IPO investors at Rs 2.35 and 150 million offered through the IPO at a strike price of Rs 3.00, bringing the total transaction size to approximately Rs 612 million.
The 11th listing of the calendar year 2026 and the 3rd of the fiscal year 2026-27 underscored the strong momentum of Pakistan’s capital markets as the retail portion was oversubscribed 21.68 times, attracting 11,358 applications and Rs 2.4 billion in total participation, it stated, adding that the milestone strengthened Pakistan’s capital markets, boosted investor sentiment, and highlighted the growth potential of the country’s data and analytics sector.
Managing Director and CEO, Pakistan Stock Exchange, Farrukh H. Sabzwari, welcoming Tasdeeq Information Services Limited to the PSX, termed the Tasdeeq’s admission as a licensed credit bureau as a depiction of growing diversity of businesses choosing the Exchange to raise capital and grow.
Oversubscription of Tasdeeq’s IPO also highlighted the appetite for innovative companies and the long-term growth of Pakistan’s capital markets, he noted and informed that investor accounts have crossed 600,000, driven increasingly by Millennials and Gen Z participating through awareness sessions and digital platforms and that expanding investor base powered the strong oversubscription of Tasdeeq’s IPO.
The Chairman and Board of Tasdeeq Information Services Limited led the celebration, reaffirming the company’s commitment to strengthening Pakistan’s credit information infrastructure and supporting responsible lending across banks, microfinance institutions and digital lenders.
CEO of Tasdeeq, Mumtaz Hussain thanked investors and shared plans to expand the company’s B2C offering, while Mohammed Sohail, CEO of Topline Securities- Consultant to the Issue- noted the exceptional retail response that led to the retail allocation being raised from 25% to 35%, a first in Pakistan’s IPO history.
