Adal Fintech moves closer to PSX listing

The Pakistan Stock Exchange has posted Adal Fintech Limited’s draft prospectus for public feedback ahead of the company’s planned initial public offering, Mettis Global reported on November 2. AdalFi is seeking to issue 50,160,003 shares, equal to 10% of its post-IPO capital, through book building and a public offer. The stated floor price is Rs8.75 per share, with a ceiling of Rs13.

The company provides digital lending technology to financial institutions rather than lending from its own balance sheet. Its platform has supported more than Rs90 billion in lending across over 750,000 loans, while AdalFi reported a Rs107.71 million profit in CY2025 and Rs114.77 million in the first half of CY2026. The draft is open for comments until November 6; proceeds from the new shares are intended for product development, technology, marketing and expansion of delivery capacity.