Karachi: Applications for the public subscription of units in the Naya Nazimabad Apartment REIT significantly exceeded the units available, as detailed in a report by Arif Habib Limited. The report, dated September 10, 2026, outlines that during the subscription period on September 7 and 8, applications for 47,139,500 units were submitted, while only 11,015,625 units were on offer.

According to information available from the Pakistan Stock Exchange (PSX), the total number of applications received stood at 8,070. The subscription was categorized based on the number of units applied for, ranging from 500 to above 2,000 units. The applications for up to 2,000 units will receive full allocation, whereas those exceeding this will be allotted units on a pro-rata basis.

In terms of the financial commitment, the total monetary value of the applications amounted to PKR 1.08 billion. The breakdown of applications revealed that 2,278 applications were for 500 units each, totaling 1,138,500 units, with an equivalent financial commitment of PKR 26.19 million. Similarly, the category of 1,000 units saw 2,162 applications, amounting to 2,162,000 units and a monetary value of PKR 49.73 million.

Applications for 1,500 units were fewer, with 562 applications accounting for 843,000 units, translating to PKR 19.39 million. The 2,000-unit category received 2,098 applications, equivalent to 4,196,000 units and PKR 96.51 million. The largest category, comprising applications for above 2,000 units, received 970 applications, which collectively sought 38,799,500 units, corresponding to a financial value of PKR 892.39 million.

The data reflects a substantial interest in the Naya Nazimabad Apartment REIT, indicating a strong investor confidence in this real estate investment trust offering.