PSX seeks public comments on draft offer for sale document of JS Rental REIT IPO

The Pakistan Stock Exchange (PSX) has placed the draft offer for sale document of the proposed JS Rental REIT on its website to invite public feedback ahead of the scheme’s planned listing on the exchange.

According to a notice issued by PSX on March 13, the real estate investment trust has applied for listing on the main board of the exchange, and the draft document has been published to seek comments from market participants and the general public.

The initial public offering (IPO) for the REIT scheme will consist of 53,637,800 units offered through the fixed price method at an offer price of Rs10.70 per unit, the exchange said.

JS Global Capital Limited has been appointed as the lead manager for the offering.

Under Clause 3A(2) of the Public Offering Regulations, 2017, the draft offer for sale document has been made publicly available so that stakeholders can review the details of the proposed offering and submit their feedback before the final approval process moves forward.

PSX said written comments on the draft document can be submitted by email to the exchange no later than the close of business on Tuesday, March 24, 2026.

The proposed REIT scheme is managed by JS Investments Limited, while Digital Custodian Company Limited will act as the trustee for the fund.

According to the offer document, the REIT has been established with the objective of investing primarily in income-generating commercial real estate assets, including fully developed office and retail properties, with the aim of generating stable rental income and consistent returns for unit holders.

Real estate investment trusts are collective investment schemes that allow investors to gain exposure to property assets through tradable units listed on the stock exchange. Once listed, the price of the REIT units will be determined by market forces and may fluctuate depending on economic conditions, capital market trends, and the operational performance of the fund.

The publication of the draft offer document marks a key regulatory step before the launch of the IPO, allowing regulators, investors, and market participants to review disclosures, risk factors, and operational details of the proposed REIT scheme before it proceeds to final listing.