By News Desk
- Credit bureau to offer 219 million shares
- Institutional investors get 75% allocation
- Retail investors reserved 25% of the offering
ISLAMABAD: Pakistan’s securities regulator has approved the first stock market listing of the 2026-27 fiscal year, clearing a credit information company to proceed with a public share offering on the Pakistan Stock Exchange (PSX).
The Securities and Exchange Commission of Pakistan (SECP) said it had approved the issuance of shares by Tasdeeq Information Services Limited, publication and distribution of the company’s prospectus, allowing the offering process to move forward.
Tasdeeq Information Services is a credit bureau licensed by the State Bank of Pakistan. Credit bureaus collect and maintain records of consumers’ borrowing and repayment histories and provide that information to banks and other lenders.
The data helps financial institutions assess the creditworthiness of prospective borrowers, manage lending risks and make decisions on loans, credit cards and other forms of financing.
The company provides consumer credit data and related services to member financial institutions across Pakistan and forms part of the country’s financial information infrastructure.
Under the approved offering structure, Tasdeeq Information Services will offer a total of 219 million shares to investors.
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The share sale will be conducted through a book-building process, a method commonly used in capital markets to gauge investor demand and determine the final offering price before shares are sold to the public.
According to the approved structure, 75 per cent of the shares will be allocated to institutional investors and high-net-worth individuals during the book-building phase. The remaining 25 per cent will be offered to retail investors through a public subscription.
Pakistan broadens capital market
The approval comes as Pakistan seeks to broaden its capital markets and encourage more companies to raise funds through equity financing.
Policymakers have long argued that a deeper stock market can help reduce reliance on bank lending, improve corporate transparency and provide investors with a wider range of investment opportunities.
Pakistan’s primary market has seen frequent listing activity in recent years, supported by regulatory reforms aimed at simplifying listing procedures and expanding the use of digital platforms.
The SECP says faster processing times and greater digitalisation have made it easier for companies to access capital markets and raise funds for expansion.
The listing is also notable because it involves a company operating in the credit information sector, which has become increasingly important as Pakistan’s banking industry expands digital services and seeks to improve access to credit. Reliable credit data is considered essential for strengthening risk assessment, supporting responsible lending and promoting financial inclusion.
Tasdeeq Information Services is expected to announce the timetable for its book-building and public subscription phases after completing the remaining regulatory and listing requirements.
