Adal Fintech IPO prospectus on PSX outlines 50,160,003-share offer
The draft prospectus sets a floor price of Rs8.75 per share and a cap of up to Rs13. Public comments are invited by 6 November.
At a glance
- The draft prospectus was placed on the PSX website for public comments.
- The company is seeking to list 50,160,003 ordinary shares, or 10% of post-IPO paid-up capital.
- The offer floor price is Rs8.75 per share, with a cap of up to Rs13.
- Comments are invited through close of business on 6 November 2026.
Key facts
- Shares offered
- 50,160,003
- 10% of post-IPO paid-up capital
- Price range
- Rs8.75 to up to Rs13 per share
- Floor price includes a Rs7.75 premium
- Estimated net proceeds
- Rs438.9 million
- At the floor price
The Pakistan Stock Exchange has placed Adal Fintech Limited’s draft IPO prospectus on its website for public comment. The company is seeking to list 50,160,003 ordinary shares, equal to 10% of its post-IPO paid-up capital, through book building and a general public offering.
| Item | Details |
|---|---|
| Shares offered | 50,160,003 ordinary shares, with a face value of Rs1 each |
| Offer method | Book building and general public offering |
| Floor price | Rs8.75 per share, including a Rs7.75 premium |
| Price cap | Up to Rs13 per share |
| Book-building portion | 37,620,002 shares, or 75% of the issue, for institutional investors and eligible participants |
| General public portion | 12,540,001 shares, or 25% of the issue, offered at the strike price and fully underwritten by Arif Habib Limited |
| Lead manager and consultant | Arif Habib Limited |
| Purpose | Allocation |
|---|---|
| Product and model development | 22.8%, or Rs100 million |
| Technology infrastructure, cloud and information security | 27.3%, or Rs120 million |
| Marketing and growth | 27.3%, or Rs120 million |
| Solution delivery and implementation | 18.2%, or Rs80 million |
| General corporate needs and working capital | 4.3%, or Rs18.9 million |
Adal Fintech provides digital lending technology to regulated financial institutions rather than lending from its own balance sheet. By mid-2026, its platform had supported more than Rs90 billion in cumulative gross lending across over 750,000 loans to more than 130,000 borrowers.
This story was produced by the Investify News Desk with automated tools and checked against the sources listed. Report an error: support@investify.pk. Editorial policy
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