KARACHI: The book-building phase of the initial public offer (IPO) of Pak-Qatar Family Takaful Ltd’s (PQFTL) concluded on Friday with the share oversubscription of 3.2 times.

The strike price, determined on the basis of investment appetite from institutional players and high-net worth individuals, clocked in at Rs18.02 per share, almost 29 per cent higher than the floor price of Rs14.

Total demand reached Rs1.67 billion against the issue size of Rs525 million, resulting in an equity raising of Rs676m, said a press release issued by Arif Habib Ltd, the lead manager to the offer.

Published in Dawn, December 13th, 2025