Islamabad, Feb 12: Zarea Limited has successfully launched the first Initial Public Offering (IPO) of 2025 on the main board of the Pakistan Stock Exchange (PSX), receiving an overwhelming response from investors.
The IPO concluded with a remarkable 1.9x oversubscription, as the company sold 62.5 million shares at a strike price of Rs. 16.5 per share. The book-building process witnessed a demand worth Rs. 2 billion, while the total capital raised amounted to Rs. 1.03 billion.
Commenting on the IPO’s success, Topline Securities CEO Mohammed Sohail expressed confidence in the market’s growth potential. “This outstanding response highlights the strong investor interest in quality offerings. It also reflects trust in Topline Securities and the issuer while showcasing the abundant liquidity available for IPOs,” he stated on social media.
Read More:
PTCL Group Sees 17% Revenue Jump in 2024
The next phase of the public offering is scheduled for February 17-18, 2025, where 25% of the total offering will be available for retail investors at Rs. 16.5 per share. This phase is expected to attract further participation, reinforcing the market’s positive sentiment.
Zarea Limited’s IPO has set an optimistic tone for future listings on the Pakistan Stock Exchange, signaling investor confidence and a favorable outlook for capital markets in 2025.
