Pakistan’s stock market is enjoying a remarkable resurgence and the momentum is spilling over into what could become one of the busiest years for initial public offerings (IPOs) in over a decade. With investor confidence climbing and economic indicators showing signs of stability, several companies are now preparing to tap into the market to raise fresh capital and scale their operations.
The renewed optimism across the Pakistan Stock Exchange is encouraging a diverse group of businesses from consumer goods and pharmaceuticals to automotive and commodity startups to plan public listings in the coming months.
A New IPO Wave Begins: Companies Ready to Go Public:
Market leaders, including Arif Habib, confirm that multiple companies have already initiated their IPO processes, hoping to ride the wave of strong market sentiment.
Among the most anticipated listings is Service Long March Tyres Ltd., a high-profile joint venture between Servis Group and China’s Chaoyang Long March. The company is aiming to raise up to Rs6.5 billion ($23.2 million) by April to expand its tyre manufacturing capacity.
Other promising entrants include:
• Saraaf, a fast-growing commodity sourcing startup that attracted Rs1.5 billion ($5.4 million) in funding on Shark Tank Pakistan in 2024
• Matco Foods Ltd., which is preparing to spin off its rapidly expanding Falak Foods unit through a separate IPO
These listings reflect a clear trend: Pakistani companies are increasingly looking to public markets to scale operations, boost production, and diversify revenue streams.
Investment Banks Gear Up for a Busy Season:
Pakistan’s leading investment banks are deeply involved in this emerging IPO pipeline.
• Arif Habib Ltd. and Ktrade Securities Ltd. together are managing up to 16 potential offerings expected to hit the market within the next seven months.
• JS Global Capital Ltd. is also preparing to list as many as six companies during the same period.
The scale of involvement from major financial institutions signals strong institutional confidence in the country’s economic direction.
Why Market Conditions Are Favorable for IPOs Right Now:
Shahid Ali Habib, CEO of Arif Habib, notes that current market valuations are highly attractive for equity raising. The combination of a more stable Pakistani rupee and a supportive interest-rate environment is creating ideal conditions for companies planning to go public.
These macroeconomic factors are boosting investor sentiment, making it easier for businesses to raise the capital needed for expansion.
A Turning Point for Pakistan’s Capital Markets:
The surge in IPO activity is more than just a financial trend, it reflects a broader shift in economic confidence. Businesses, investors, and financial institutions are increasingly aligned in their belief that Pakistan’s economy is entering a new phase of recovery and opportunity.
If current momentum continues, 2025 could become a defining year for Pakistan’s capital markets, with increased listings, higher retail participation, and renewed global investor interest.
For investors and entrepreneurs alike, Pakistan’s IPO landscape is becoming one of the most exciting spaces to watch in the region.