Karachi: A Special Purpose Acquisition Company, LSE SPAC-III Limited, has initiated the process for listing on the Main Board of the Pakistan Stock Exchange (PSX), according to a report dated September 29, 2026. This move marks a significant development in the financial market as the company seeks to raise capital through an Initial Public Offering (IPO).

The IPO consists of 10,000,000 ordinary shares, each with a par value of PKR 10, offered at a fixed price of PKR 10 per share. The process is facilitated by LSE Capital Limited and KTrade Securities Limited, who are acting as joint consultants for the issue. According to information available from the Pakistan Stock Exchange (PSX), the draft prospectus of LSE SPAC-III Limited is now accessible on the PSX website for public comments, under the caption "Public Comments on Draft Prospectus of LSE SPAC-III Limited."

Zahid Latif Khan Securities (Pvt.) Limited serves as the underwriter for the entire public offer portion of the issue, underwriting all 10,000,000 shares for an amount totaling PKR 100 million. The underwriting and take-up commissions are both set at 2.0%.

The public is encouraged to review the details of the offering through the draft prospectus, which outlines the specifics of the issue. This step is in compliance with Clause 3A.(2) of the Public Offering Regulations, 2017, which mandates the draft prospectus's availability for public scrutiny and feedback.

The designated market category for this IPO is the Main Board of the PSX.