PQFTL IPO subscription begins today

The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar Takaful Limited (PQFTL) starting December 17, following a strong response from institutional investors during the book-building phase. A total of 12.5 million shares, representing 25 percent of the total IPO size, will be available to retail investors at a strike price of Rs18.02 per share. The subscription window for the general public will remain open for 24 hours on December 17 and 18. The IPO’s book-building phase, which concluded last week, was oversubscribed 3.2 times, signaling strong demand from institutional investors and high-net-worth individuals. The strike price of Rs18.02 per share was set 29 percent above the floor price of Rs14, helping the company raise Rs676 million in funds. Analysts noted that the IPO’s positioning offers investors an opportunity to capitalize on PQFTL’s potential growth, while the pricing provides a favorable entry point for retail participation.