KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance, circulation and publication of the prospectus for the initial public offering (IPO) of Tasdeeq Information Services Limited, according to a statement on Tuesday.
This is the first IPO approved in the current financial year 2026-27, reflecting continued momentum in Pakistan’s primary capital market. Since the new management assumed office in February 2026, the SECP has accelerated IPO approvals and enhanced facilitation for issuers, resulting in 10 IPOs entering the market.
Tasdeeq Information Services Limited is a credit bureau licensed by the State Bank of Pakistan. The company collects, maintains and disseminates credit information on individual and commercial borrowers to its member institutions, enabling informed credit assessment and lending decisions.The company is offering a total of 219 million ordinary shares, comprising 69 million ordinary shares allocated to pre-IPO investors and 150 million ordinary shares, representing 15.79 per cent of the post-IPO paid-up capital, through the IPO.
The IPO will be conducted through the book-building mechanism, with 75 per cent of the issue allocated to institutional investors and high-net-worth individuals, while the remaining 25 per cent will be offered to retail investors.The approval reflects the effectiveness of the SECP’s regulatory framework in facilitating capital formation while ensuring transparency, efficient price discovery and investor protection.
Recent reforms to simplify the IPO process through streamlined requirements, faster approvals and greater digitalisation have made it easier for companies to access Pakistan’s capital market through public listings. As part of its capital market development agenda, the SECP, in collaboration with market stakeholders, continues to conduct nationwide IPO roadshows to encourage public listings and educate companies on the listing process and the benefits of raising equity capital through the stock market.
