The book building process of Pak Qatar Family Takaful Limited’s IPO will start on December 11 and continue till December 12, where high net worth individuals and institutional investors will subscribe to 100 per cent of the issue size.
The successful bidders, however, will be provisionally allotted only 75 per cent of the issue size, i.e., 37,500,000 shares, and the company will offer the remaining 25 per cent or 12,500,000 shares to the retail investors through the general public subscription.
Through this IPO, PQFTL is aiming to raise Rs. 1.1 billion. The book building would start at Rs 14 per share, and it can go up to Rs 21 per share with a maximum price band of up to 50% (Rs 21 per Share).
Shahid Ali Habib, CEO of Arif Habib Limited and the lead manager for the IPO, said that the country’s first-ever IPO of any dedicated Family Takaful Company is all set to make a historic debut at PSX, which is receiving strong interest from institutional investors.
Proceeds from the IPO will help Pak-Qatar Family Takaful meet minimum capital requirements, expand its digital channels, and develop more customer-focused products, Habib said.
Pak-Qatar Takaful and Pakistan Insurance Market:
The company, which has strong backing from Qatar’s financial sector, plans to use the proceeds to expand its operations and product offerings in Pakistan’s rapidly growing insurance market.
PQFTL is Pakistan’s first and largest dedicated Family Takaful operator, commanding a 44 per cent share of the overall family Takaful market and a dominant 90.47 per cent share of the dedicated family Takaful segment. It holds 6.6 per cent of the country’s total life insurance business.
Comprising a nationwide sales network with 73 branches and 1,971 field representatives, PQTFL offers personalised investment and takaful solutions across Pakistan. PQFTL also has strategic partnerships with 14 leading banks to offer protection solutions through bank branches and digital platforms.
In 2024, Pakistan’s insurance penetration remained low at 0.7%, though rising education and better economic conditions suggest strong future growth potential. The global insurance industry has grown rapidly but unevenly, with advanced economies seeing over 10% penetration, while emerging markets in EMEA and Asia lag.
Read more:
Pak-Qatar Family Takaful Set to Raise Rs1.1 Billion Through IPO
