ABHI Microfinance Bank’s initial public offering (IPO) has received strong investor interest, with its book-building portion reaching 158% subscription during the two-day bidding process held on November 5–6, 2026, at the Pakistan Stock Exchange (PSX).
The successful book-building phase marks a key step in the bank’s entry into the capital markets and sets the stage for the retail subscription.
IPO Structure and Retail Subscription
The offering comprises 132 million shares at a price band of PKR 15 to PKR 22.50 per share. Institutional investors received 75% of the issue through book-building, while retail investors have the remaining 25%.
The retail subscription will take place on November 12–13, 2026. Eligible individual investors will have an opportunity to participate during this period.
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Depending on the final offer price, the IPO’s total size will range from PKR 1.98 billion to PKR 2.97 billion.
ABHI’s Growth and Financial Services
ABHI began operations in 2021 with a vision to make financial services more accessible through technology-driven solutions.
The company initially focused on Earned Wage Access (EWA), allowing employees to access a portion of their earned salaries before payday. It later expanded into payroll solutions, salary financing and lending to small and medium-sized enterprises (SMEs).
The company has also built a growing presence across the Gulf Cooperation Council (GCC) region.
The IPO marks another milestone in ABHI Microfinance Bank’s growth as it looks towards its next phase of development.
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