Karachi: Topline Securities Limited has announced a revision in the allocation of shares for the Initial Public Offering (IPO) of Tasdeeq Information Services Limited due to an oversubscription in the General Public Portion. The announcement, detailed in a report dated August 21, 2026, follows an initial letter issued on August 13, 2026, regarding the IPO's public subscription figures.

According to sub-section (3) of Regulation 7 of the Public Offering Regulations, 2017, the allocation between the Book Building and General Public portions has been adjusted. The Book Building Portion has been reduced from 75%, equating to 112.5 million shares, to 65%, which corresponds to 97.5 million shares. Conversely, the General Public Portion has seen an increase from 25%, or 37.5 million shares, to 35%, translating to 52.5 million shares.

According to information available from the Pakistan Stock Exchange (PSX), this shift in allocation is necessary to accommodate the demand from the general public and aligns with regulatory requirements. The revised allocation has been implemented for the final allotment of applications under the General Public Portion.