Karachi: Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange Limited (PSX) have sanctioned the release of the prospectus for the Initial Public Offering (IPO) of 150,000,000 ordinary shares of Tasdeeq Information Services Limited. Scheduled to be executed through the Book Building method, the IPO has received necessary approvals for the prospectus publication, Book Building, and public subscription dates from PSX.

According to the prospectus, 75% of the total issue size, equating to 112,500,000 shares, will be offered via the Book Building method. The shares are priced with a floor value of PKR 1.90 each, with a ceiling set at a significant move of 57.89%, resulting in a maximum price of PKR 3.00 per share.

Eligible Participants—defined under the Public Offering Regulations, 2017—have the opportunity to engage in the Book Building process following a one-time registration with PSX. Participants already registered with PSX are exempt from this requirement. For new registrants, Clearing Members of the National Clearing Company of Pakistan Limited (NCCPL) must submit specific information, including the participant's name, contact person, email address, and mobile number, via email to the designated PSX address.

Additionally, all Eligible Participants are required to express their interest to NCCPL for participation in the Book Building System, registering through an email with an explicit subject line indicating "Book Building Auction" and adhering to margin requirements as stipulated in the PO Regulations within the Designated Time Schedule.

According to information available from the Pakistan Stock Exchange (PSX), a Joint Procedure for the Book Building mechanism, approved by SECP, is available for procedural guidance. This document can be accessed online, as can the User Manual for the Pakistan Stock Exchange Book Building System.

The schedule for registration and Book Building is as follows: Registration of Eligible Participants with PSX is set from July 31, 2026, to August 6, 2026, operating daily from 9:00 AM to 5:00 PM, with an early close at 3:00 PM on the final day. Expressions of interest to NCCPL will be accepted within the same period, closing daily at 4:30 PM. Bidding is scheduled from August 5 to August 6, 2026, between 9:00 AM and 5:00 PM.