High Net Worth Individuals lead as NNAR allocates 33mn shares post book building

Naya Nazimabad Apartment REIT, known as NNAR, has distributed 33,046,875 shares among successful applicants across several investor groups. High net worth individuals took the biggest block with 14,900,096 units, while mutual funds received 9,158,675 units. The strike price was fixed at Rs23.00 per share after a book building held on September 1 and 2, 2026.

Arif Habib Limited told the PSX in a notice that 292 investors took part, and 249 of them secured allocations. Bids totalled Rs4,551mn for an offer sized at Rs595mn. Demand ran 8 times the offer, and pricing reached the Rs23 ceiling, 28% above the floor.

Mettis Link News said the response reflected investor trust in the offering and the wider Naya Nazimabad development. The category-wise breakup also lists commercial banks, insurance companies, employee provident and pension funds, TREC holders and other institutions, each receiving fewer units than mutual funds.