Zarea Limited (ZAL) will officially commence trading on the Pakistan Stock Exchange (PSX) Main Board on February 28, 2025, marking its entry into the Technology & Communication sector. The company’s listing follows a successful book-building process, which set its opening share price at PKR 16.50.
Zarea Limited recently raised Rs1.03 billion through its initial public offering (IPO) at the PSX, marking the first IPO of 2025. The company sold 62.5 million shares at a strike price of Rs16.5 per share during a two-day Dutch auction held on February 10-11.
According to a PSX notification, Zarea Limited’s shares will be settled on a T+2 basis, with the first settlement date set for March 4, 2025. The market lot for trading will be one share of PKR 1 each. The National Clearing Company of Pakistan Limited (NCCPL) has assigned “ZAL” as the company’s security symbol, and transactions will be settled through the Central Depository Company of Pakistan Limited (CDC).
Read This: Inside the Zarea Limited IPO
In addition to its public listing, Zarea Limited has been classified as Shariah-compliant, meeting the KMI All Share Index screening criteria. As a result, it will be included in the PSX-KMI All Share Islamic Index (KMIALLSHR) from the date of its listing, making it an attractive investment option for investors seeking Shariah-compliant securities.
The share registrar for the company is M/s THK Associates (Pvt.) Limited, based in Karachi, which will handle share-related transactions and record-keeping.
