ISLAMABAD (special crosspondent) – The Securities and Exchange Commission of Pakistan (SECP) has officially approved the issuance, circulation, and publication of the prospectus for the Initial Public Offering (IPO) of Tasdeeq Information Services Limited. This move signals the start of the 2026–27 fiscal year’s capital market activities.

Market Momentum and SECP Reforms

Since the new management assumed office in February 2026, the SECP has significantly accelerated IPO approvals and enhanced facilitation for various issuers. This proactive approach has already resulted in 10 IPOs entering the market. This latest approval marks the first IPO for FY2026–27, reflecting the continued momentum in Pakistan’s primary capital market.

Company Overview and Offering Structure

Tasdeeq Information Services Limited operates as a credit bureau licensed by the State Bank of Pakistan. The company is tasked with collecting, maintaining, and disseminating vital credit information on individual and commercial borrowers to its member institutions. This data enables more accurate credit assessment and informed lending decisions within the financial sector, similar to how modernization efforts are being prioritized across other industries.

The company is offering a total of 219 million ordinary shares. This total consists of 69 million ordinary shares allocated to pre-IPO investors and 150 million ordinary shares—representing 15.79% of the post-IPO paid-up capital—offered through the IPO.

IPO Mechanism and Regulatory Oversight

The IPO will be conducted through the book-building mechanism. Under this structure, 75% of the issue is allocated to institutional investors and high-net-worth individuals, while the remaining 25% is reserved for retail investors. The SECP noted that this approval reflects the effectiveness of its regulatory framework in facilitating capital formation while maintaining transparency, efficient price discovery, and robust investor protection, a core focus shared by regulatory bodies seeking to sanitize financial markets.

Recent reforms aimed at simplifying the IPO process through streamlined requirements, faster approvals, and increased digitalization have significantly reduced barriers for companies accessing Pakistan’s capital market. As part of its broader development agenda, the SECP continues to collaborate with market stakeholders to conduct nationwide IPO roadshows, encouraging public listings and educating corporations on the long-term benefits of raising equity capital.