The bank’s IPO book-building portion receives 158% subscription, attracting local and foreign investors ahead of public subscription scheduled for November 12–13.
KARACHI: ABHI Microfinance Bank Limited has achieved a significant milestone in its initial public offering (IPO), with its book-building portion receiving 158% subscription, equivalent to approximately 1.6 times the shares offered, during the two-day bidding process held on November 5–6 at the Pakistan Stock Exchange (PSX).
The bank expressed gratitude to Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Securities and Exchange Commission of Pakistan (SECP) Chairman Dr Kabir Ahmed Sidhu and PSX Managing Director Farrukh Sabzwari for their continued support in strengthening Pakistan’s capital markets and encouraging domestic and foreign investment.
ABHI Microfinance Bank also acknowledged the contributions of SECP commissioners and the PSX leadership team in facilitating the IPO process and broadening investor participation.
The book-building phase attracted interest from both domestic and international investors, with foreign funds participating alongside local institutions. The bank described international interest as an encouraging development for Pakistan’s capital markets.
The IPO comprises 132 million shares, with 75% allocated to institutional investors through book-building and the remaining 25% reserved for retail investors. The shares were offered within a price range of Rs15 to Rs22.50 each, placing the total issue size between Rs1.98 billion and Rs2.97 billion, depending on the final offer price.
Following the successful completion of book-building, the retail subscription phase is scheduled for November 12–13, 2026, giving eligible individual investors an opportunity to participate.
Founded in 2021, ABHI initially focused on technology-driven financial solutions, including Earned Wage Access (EWA), payroll services, salary financing and SME lending, expanding its presence across the Gulf Cooperation Council (GCC) region.
A major development came in 2025 when ABHI acquired FINCA Microfinance Bank, enabling the fintech group to enter regulated microfinance banking and combine digital financial services with a licensed banking institution.
Following the acquisition, the bank focused on improving operational efficiency, financial performance and digital capabilities while expanding financial inclusion.
The successful IPO book-building marks another step in ABHI Microfinance Bank’s growth strategy and its ambition to make financial services more accessible in Pakistan.