ABHI Microfinance Bank has opened the public subscription period for its initial public offering (IPO) on November 12, 2026, giving retail investors an opportunity to subscribe to shares in the bank. The subscription window will remain open until November 13, with the bank offering 33 million ordinary shares to the general public at a fixed price of PKR 15.50 per share. Investors can apply for a minimum of 500 shares, requiring an investment of PKR 7,750, excluding any applicable charges. The public offering follows the completion of the book-building process, which closed at PKR 15.50 per share after attracting bids equivalent to approximately 1.6 times the shares allocated for that phase. The transition to public subscription represents the next stage of the bank’s IPO, allowing individual investors to participate following the institutional and high-net-worth investor bidding process.
The public portion comprises 33 million shares, representing 25% of the total 132 million shares offered through the IPO. The remaining 99 million shares were allocated to the book-building portion, which was conducted before the retail subscription period. During book building, the offer price was finalised at PKR 15.50 per share, with demand exceeding the number of shares available in that phase. The public offering therefore provides a separate allocation for investors applying during the two-day subscription window. At the announced price, the 33 million public shares represent a total offering value of PKR 511.5 million. The minimum application requirement of 500 shares sets the entry amount at PKR 7,750, making the subscription accessible to investors who wish to apply for a relatively small allocation. However, applying for shares does not guarantee that an investor will receive the full quantity requested, as allotment will depend on the subscription outcome and applicable allocation procedures.
ABHI Microfinance Bank’s IPO is part of its broader capital-raising plans as the institution seeks to support its business operations and future expansion. The bank has been developing its digital lending activities and has reported significant changes in its financial performance. Its transition from a loss-making position in 2024 to profitability in 2025 and the first half of 2026 has been among the developments highlighted in the IPO coverage. The institution has also reported digital lending disbursements of approximately PKR 13 billion between January 2025 and October 2026. These developments provide context for the bank’s market debut, although investors should assess the offering through its published prospectus and financial disclosures rather than relying solely on growth figures or the book-building response. The bank’s capital position and regulatory requirements also remain relevant considerations when evaluating its financial outlook.
Investors interested in participating can submit applications through the designated channels during the November 12–13 subscription period, subject to the requirements outlined in the IPO documentation. The final allotment will depend on the number of valid applications received and the applicable allocation process. The completion of the public subscription will mark another stage in ABHI Microfinance Bank’s entry into the capital market, following the earlier book-building exercise. Investors should review the prospectus, financial statements, risk disclosures and subscription instructions before making an application, as IPO participation carries investment risk and does not guarantee future returns.
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