PSX FY26 IPO boom raises Rs18.4bn

The Pakistan Stock Exchange's primary market delivered its most active year in recent memory in FY2026, with 11 companies raising a combined Rs18.39 billion (PKR 18,391-18,392 million) through main board initial public offerings, according to PSX data as of June 30, 2026. Service Long March Tyres Limited (SLM), a tyre manufacturer, was the year's largest issuer, raising Rs7.78 billion, 42.28% of total capital raised, through a listing on June 15, 2026 with a 10% free float, the smallest public float of any FY26 issuer. Ghani Dairies Limited (GDL) followed with Rs3.44 billion raised (18.70% of the total, 25% free float), and Sitara Petroleum Service Limited (SPSL) raised Rs3.18 billion (17.26%, 20% free float). Together, these three issuers accounted for over three-quarters of all capital raised on the main board during the year. The remaining eight listings were smaller: Wahdat Poultry Farms Limited (Rs956 million, 5.20%), Image REIT (Rs921 million, 5.01%), Pak-Qatar Family Takaful Limited (Rs901 million, 4.90%), JS Rental REIT (Rs574 million, 3.12%), Pak Qatar General Takaful Limited (Rs420 million, 2.28%), Signature Residency REIT (Rs116 million, 0.63%), Blue-Ex Limited (Rs65 million, 0.35%) and LSE SPAC-I Limited (Rs50 million, 0.27%).