KARACHI: Naya Nazimabad Apartments REIT has received an overwhelming response from investors, with its book-building process oversubscribed by eight times and attracting total bids of approximately Rs4.5 billion.
The book-building process saw the issue hit the upper ceiling of Rs23 per unit, representing a 28 per cent increase over the floor price, with the offering raising Rs1 billion in equity.Following the completion of the book-building process, the general public subscription is scheduled for September 7 and 8, 2026. The public portion represents 25 per cent of the total offer, with the remaining 75 per cent allocated through the book-building process.
Naya Nazimabad Apartments REIT is managed by Arif Habib Dolmen REIT Management Limited, with Arif Habib Limited acting as lead manager.Shahid Ali Habib, CEO of Arif Habib Limited, said the overwhelming response is a strong endorsement of investor confidence in the offering, adding that the eight-times oversubscription and demand at the upper price ceiling reinforces the company’s belief in the potential of well-structured real estate investment products in Pakistan.
