PSX places Khaadi Pakistan's draft IPO prospectus for public comments ahead of planned listing

Profit reported that the Pakistan Stock Exchange has posted the draft prospectus for Khaadi Pakistan Limited's IPO on its website, with feedback accepted through October 15, 2026. The fashion retailer has applied for a Main Board listing, with Arif Habib Limited named lead manager and adviser.

The public offer is 250 million ordinary shares of Rs0.125 face value, with a floor of Rs12.40 and a cap of Rs18 per share. Of these, 175 million go through book building, while 75 million go to retail investors at the strike price. A further 250 million shares will be placed privately before the offering at Rs12.40 to Rs15.20 each, bringing the total to 500 million, or 20% of post-IPO paid-up capital.

At the floor price, IPO proceeds of Rs3.1 billion will repay Rs1.764 billion of bridge financing and fund Rs1.336 billion of expansion, including eight Experience Stores costing an estimated Rs3.387 billion in total. Khaadi posted revenue of Rs25.13 billion and net profit of Rs1.668 billion in 2025, and Rs17.08 billion of revenue with Rs1.606 billion of net profit in the first half of 2026. It runs 31 stores in 14 cities and is wholly owned by Weaves Corporation Limited.