Sitara Petroleum becomes 10th IPO of 2026 at PSX

Sitara Petroleum Service Limited (SPSL) on Thursday formally joined the Pakistan Stock Exchange (PSX) after successfully completing one of the country’s largest and most widely participated private-sector Initial Public Offerings (IPO), raising approximately Rs4.8 billion amid overwhelming investor response. The listing marks the 10th IPO of the year, reflecting growing momentum in Pakistan’s capital market as both institutional and retail participation continue to strengthen despite global economic uncertainties. According to details shared at the listing ceremony held at the Pakistan Stock Exchange, Sitara Petroleum’s IPO attracted the highest-ever participation in Pakistan’s IPO history, with nearly 25,000 applications received across both the book-building and retail subscription phases.