The Securities and Exchange Commission of Pakistan (SECP) has approved the prospectus for the initial public offering (IPO) of Tasdeeq Information Services Limited, clearing the way for the first Pakistan Stock Exchange (PSX) listing of the 2026-27 fiscal year.

Tasdeeq, a credit bureau licensed by the State Bank of Pakistan, collects and maintains credit information on individuals and businesses to help financial institutions assess lending risks. The company also provides consumers with access to their credit scores through its mobile application.

Under the approved offering, Tasdeeq will issue 150 million ordinary shares, representing approximately 15.79% of its post-IPO paid-up capital. The shares will be offered through a book-building process at a floor price of Rs1.90 per share, with institutional investors and high-net-worth individuals allocated 75% of the issue, while the remaining 25% will be available to retail investors.

Market analysts view the listing as another positive sign for Pakistan’s capital markets, following a strong previous fiscal year in which 10 companies raised a combined Rs18.39 billion through PSX listings—the highest number of IPOs in two decades. Experts say improving macroeconomic conditions, stronger investor confidence, and regulatory reforms are encouraging more companies to raise capital through the stock market.

The IPO is expected to broaden investment opportunities on the PSX while supporting the continued development of Pakistan’s financial and credit information infrastructure.