ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted approval for the Initial Public Offering (IPO) of Tasdeeq Information Services Limited, marking the first IPO approval of the fiscal year 2026-27. This decision reflects the ongoing growth in Pakistan's primary capital market and the SECP's commitment to facilitating capital formation.

According to Securities and Exchange Commission of Pakistan, the approval is part of an accelerated strategy implemented since February 2026, which has seen 10 IPOs enter the market under the new management. Tasdeeq Information Services Limited, a credit bureau licensed by the State Bank of Pakistan, provides credit information to its member institutions. The company is poised to offer 219 million ordinary shares, with 69 million allocated to pre-IPO investors and 150 million shares available through the IPO, representing 15.79% of the post-IPO paid-up capital.

The IPO will utilize a book-building mechanism, designating 75% of the issue for institutional investors and high-net-worth individuals, while retail investors will account for the remaining 25%. The SECP's regulatory framework aims to ensure transparency, efficient price discovery, and investor protection.

Recent reforms by the SECP have streamlined the IPO process, resulting in faster approvals and increased digitalization, making it easier for companies to access the capital market. In line with its capital market development agenda, SECP is conducting nationwide IPO roadshows to promote public listings and educate companies about the benefits of raising equity capital through the stock market.