Arif Habib Limited revises allocation for Pak Qatar General Takaful Limited IPO

Arif Habib Limited has announced a revision in the allocation for the Initial Public Offering (IPO) of Pak Qatar General Takaful Limited, following an oversubscription in the General Public Portion.

The revised allocation now designates 70% of the shares to the Book Building Portion, reduced from the previous 75% (21 million shares). Meanwhile, the General Public Portion has been increased to 30%, up from 25%, translating to 9 million shares, a direct response to the oversubscription.

The updated allocation will be used for the final allotment and balloting of applications under the General Public Portion, in line with the applicable regulations of the Public Offering Regulations, 2017.

This change is expected to address the higher demand from the general public and maintain compliance with market regulations as the IPO progresses.