Karachi: The Securities and Exchange Commission of Pakistan (SECP) has given its approval for the Initial Public Offering (IPO) of ABHI Microfinance Bank Limited, marking a significant step in the bank's financial journey. The announcement, made on October 30, 2026, details the issuance, circulation, and publication of the Prospectus for this IPO, which will be conducted through the Book Building method.

The offering involves 132,000,000 ordinary shares of ABHI Microfinance Bank Limited. According to information available from the Pakistan Stock Exchange (PSX), 75% of these shares, amounting to 99,000,000, will be offered through the Book Building process. The floor price for these shares has been set at PKR 15 per share, which includes a premium of PKR 5, with a price band extending up to PKR 22.5 per share.

Eligible Participants, as defined under the Public Offering Regulations of 2017, are invited to engage in the Book Building process. Registration is required for those not previously registered with the PSX, and participants who are Clearing Members of the National Clearing Company of Pakistan Limited (NCCPL) must submit specific information to the PSX via email.

The process for collecting margin money from participants will occur between November 2 and November 6, 2026, from 9:00 AM to 4:30 PM. Successful bidders will have their final collections processed on November 10, 2026, from 9:00 AM to 12:00 NOON, which is also the designated time for refunding margin money to participants with unsuccessful bids.

This IPO represents a significant opportunity for investors in the designated market category, as ABHI Microfinance Bank seeks to expand its financial footprint. The approval from both the SECP and the PSX underscores the anticipated impact and importance of this public offering in the financial sector.