ABHI Microfinance Bank IPO oversubscribed 1.6 times in book-building phase

ABHI Microfinance Bank’s institutional share sale drew applications for 158% of the shares set aside for that group, Profit by Pakistan Today reported. The two-day bidding round took place on November 5 and 6, and the IPO now proceeds to retail subscriptions on November 12 and 13.

The offering covers 132 million shares, priced within a Rs15 to Rs22.50 per-share range, implying a total value of Rs1.98 billion to Rs2.97 billion depending on the final price. Institutions were offered 99 million shares, while 33 million have been earmarked for individual investors. The bank traces its expansion into regulated microfinance to its 2025 purchase of FINCA Microfinance Bank, after starting as a financial technology business in 2021.