Karachi, August 24, 2026: The Gong Ceremony of Tasdeeq Information Services Limited was held today at PSX Trading Hall, marking the listing of South Asia’s first publicly listed credit bureau. The transaction covered 219 million ordinary shares: 69 million placed with pre-IPO investors at PKR 2.35 and 150 million offered through the IPO at a strike price of PKR 3.00, bringing the total transaction size to approximately PKR 612 million.
The retail portion was oversubscribed 21.68 times, attracting 11,358 applications and PKR 2.4 billion in total participation. This milestone strengthens Pakistan’s capital markets, boosts investor sentiment, and highlights the growth potential of the country’s data and analytics sector.
Mr. Farrukh H. Sabzwari, Managing Director & CEO of PSX, stated:
“It is a privilege to welcome Tasdeeq Information Services Limited to the Pakistan Stock Exchange. This Gong Ceremony marks the 11th listing of the calendar year and the 3rd of the fiscal year, underscoring the strong momentum of Pakistan’s capital markets. Tasdeeq’s admission as a licensed credit bureau reflects the growing diversity of businesses choosing the Exchange to raise capital and grow.”
He added: “Investor accounts have now crossed 600,000, driven increasingly by Millennials and Gen Z participating through awareness sessions and digital platforms. It is this deepening investor base that powered the strong oversubscription of Tasdeeq’s IPO, highlighting the enduring appetite for innovative companies and the long-term growth of Pakistan’s capital markets.”
The Chairman and Board of Tasdeeq Information Services Limited led the celebration, reaffirming the company’s commitment to strengthening Pakistan’s credit information infrastructure and supporting responsible lending across banks, microfinance institutions and digital lenders.
Mumtaz Hussain, CEO of Tasdeeq, thanked investors and shared plans to expand the company’s B2C offering, while Mohammed Sohail, CEO of Topline Securities — Consultant to the Issue — noted the exceptional retail response that led to the retail allocation being raised from 25% to 35%, a first in Pakistan’s IPO history.