Karachi: LSE Capital Limited has announced that its subsidiary, LSE SPAC-II Limited, has secured approval from the Securities and Exchange Commission of Pakistan (SECP) to proceed with the issuance, circulation, and publication of the prospectus for its Pre-Initial Public Offering (Pre-IPO) and Initial Public Offering (IPO). The announcement, dated June 23, 2026, marks a significant step for LSE SPAC-II Limited as it prepares to offer 18,000,000 ordinary shares in the Pre-IPO phase and an additional 2,000,000 shares through the IPO.

This development follows the prior endorsement by the Pakistan Stock Exchange (PSX), aligning with the guidelines stipulated under Section 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the PSX Rule Book. According to information available from the Pakistan Stock Exchange (PSX), the approval process was finalized with the issuance of letter No. SMD/PMADD/IPO/LSESIIL/89/2026/395 by the SECP on June 22, 2026.

LSE Capital Limited's initiative through its subsidiary is anticipated to engage investors and expand market opportunities as part of its strategic growth in the designated market category. The structured release of shares aims to enhance investor access and participation in the company's evolving financial trajectory.