Karachi: Integrated Equities Limited, a company with a stable outlook and robust financial standing, has taken significant steps towards listing on the Main Board of the Pakistan Stock Exchange (PSX). On October 16, 2026, the company submitted its draft prospectus for public comment, marking a pivotal move in its Initial Public Offering (IPO) process.

The IPO will comprise 50,312,500 ordinary shares with a par value of PKR 1 each, priced using the Book Building Method at a floor price of PKR 7 per share. Arif Habib Limited has taken the lead managerial role for this issue. The draft prospectus is available on the PSX website under the section titled "Public Comments on Draft Prospectus of Integrated Equities Limited."

According to information available from the Pakistan Stock Exchange (PSX), the company has shown consistent profitability, which has bolstered its equity base to PKR 797.9 million. The IPO proceeds at the floor price are projected to reach PKR 352.19 million, while proceeds could escalate to PKR 528.28 million at the cap price of PKR 10.5 per share.

Integrated Equities Limited has received a long-term credit rating of A- and a short-term rating of A2 from VIS Credit Rating Company. This reflects the company's sound liquidity and upward trends in brokerage and advisory income. The company's capitalization is further supported by a gearing ratio of 0.0x as of June 2026.

The post-IPO shareholding pattern highlights a significant change, with Sardar Ali, the main sponsor, and director, seeing his stake decrease from 81.8% to 65.4%. The general public will acquire 20% of the company's shares, amounting to 50,312,500 shares.

This IPO marks an important development in the designated market category of financial services and brokerage, with Integrated Equities Limited poised to expand its market presence and shareholder base through this public offering.