SECP Approves Two New IPOs as Pakistan Stock Market Listings Reach 11 in FY 2025-26

The Securities and Exchange Commission of Pakistan (Securities and Exchange Commission of Pakistan) has approved two new initial public offerings (IPOs), bringing the total number of listings to 11 in the current fiscal year 2025-26.

Both companies Sitara Petroleum Service Limited and LSE SPAC I are set to be listed on the Pakistan Stock, reflecting continued momentum in the country’s capital market despite regional tensions and a challenging global economic environment.

Sitara Petroleum Service Limited, operating in fuel trading, retail, and carriage services as a dealer of Gas and Oil Pakistan, plans to offer 168 million ordinary shares through a book-building process. The IPO represents 16.66% of the company’s post-IPO paid-up capital.

Under the structure, 75% of shares will be allocated to institutional investors and high-net-worth individuals, while the remaining 25% will be offered to retail investors.

LSE SPAC I marks Pakistan’s first Special Purpose Acquisition Company (SPAC) under the public offering framework. The company intends to raise funds for mergers and acquisitions within a three-year period and plans to acquire a 19.04% stake in Ningbo Green Light Energy Limited.

The SPAC will offer 5 million shares through a fixed-price mechanism, introducing a new investment model to Pakistan’s capital market.

The regulator has advised investors to carefully review IPO prospectuses before investing and reiterated its commitment to ensuring transparency and investor protection in the capital markets.

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