Listing on PSX: SECP approves Offer for Sale prospectus of NNAR
ISLAMABAD: Pakistan’s primary capital market continues to gain momentum as the Securities and Exchange Commission of Pakistan (SECP) has approved the Offer for Sale prospectus of Naya Nazimabad Apartments REIT (NNAR) for listing on the Pakistan Stock Exchange (PSX). The Naya Nazimabad offering marks the 13th public offering approved in 2026, reflecting strong primary-market momentum, with…
Islamabad - The Pakistan Stock Exchange (PSX) received approval from the Securities and Exchange Commission of Pakistan (SECP) for the listing of Naya Nazimabad Apartments REIT (NNAR) through an Offer for Sale. This marks the 13th public offering of the year 2026, indicating a surge in primary-market activity across diverse sectors such as manufacturing, technology, energy, food, agriculture, and real estate.
Businesses are increasingly utilizing the stock exchange to secure growth capital. The NNAR offering consists of 44.06 million units, constituting 15 percent of the REIT Scheme’s total units. The book-building process has allocated 75 percent of the shares to institutional investors and high-net-worth individuals, while the remaining 25 percent is designated for retail investors.
SECP Chairman Dr Kabir Ahmed Sidhu emphasized that the increasing frequency of public offerings highlights the growing reliance on the capital market for business financing and investment. He noted that a robust primary market not only facilitates the channelling of savings into productive investments but also offers businesses alternative avenues for long-term financing.
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