Karachi: Khaadi Pakistan Limited has initiated the process to list on the Main Board of the Pakistan Stock Exchange (PSX), as announced in a report dated October 8, 2026. The company's Initial Public Offering (IPO) comprises 250,000,000 ordinary shares with a par value of PKR 0.125 each. The offering will utilize the Book Building Method starting at a floor price of PKR 12.40 per share. Arif Habib Limited has been appointed as the lead manager for this issue.

In compliance with Clause 3A.(2) of the Public Offering Regulations, 2017, Khaadi Pakistan Limited's draft prospectus has been made publicly available on the PSX website. This move seeks to gather public comments on the draft prospectus, inviting potential investors and stakeholders to review the details of the issue.

The IPO process also includes a supplement published in accordance with the Public Offering Regulations, 2017, providing further insights into Khaadi Pakistan Limited's offering. The maximum price band has been set at PKR 18.00 per share, reflecting a potential price increase of up to 45.16% from the floor price. The precise strike and issue prices have yet to be determined.

According to information available from the Pakistan Stock Exchange (PSX), the underwriting of the retail portion of the issue involves several prominent financial entities. Askari Bank is underwriting 24,999,000 shares with amounts underwritten at the floor and cap prices of 930.00 million and 1,350.00 million respectively. Other underwriters include Munir Khanani Securities, MRA Securities, Ismail Iqbal Securities, Arif Habib Limited, and Zahid Latif Khan Securities, collectively underwriting a total of 75,000,000 shares. Each underwriter will receive an underwriting fee of 0.70%.

This development marks a significant step for Khaadi Pakistan Limited as it seeks to expand its capital base and visibility in the market through this public offering on the PSX.