Naya Nazimabad Apartments REIT book-building attracts total bids of around Rs4.5bn

Business Recorder reported that the book-building for the Naya Nazimabad Apartments REIT drew strong demand, with total bids of about Rs4.5 billion and the process covered roughly eight times over. Investors showed clear enthusiasm for the offering, which the report linked to faith in the property behind it.

Bids pushed the price to Rs23 per unit, the highest level in the band, which sits 28% above the floor. The offering raised Rs1 billion in equity once the book-building closed.

The general public can subscribe on September 7 and 8, 2026, for the 25% of the offer set aside for them, while the remaining 75% was allocated through book-building. Arif Habib Dolmen REIT Management Limited manages the REIT, with Arif Habib Limited as lead manager, and its CEO Shahid Ali Habib called the response a strong endorsement of investor trust.