Tasdeeq share price gains 21% on first trading day at PSX

Tasdeeq Information Services Limited (TISL) saw its share price climb nearly 21% on its inaugural trading day, marking the first public offering of the stock after its initial public offering (IPO). The company's shares closed at Rs3.62 each on the Pakistan Stock Exchange (PSX), marking a 20.67% increase from the opening price of Rs3 per share.

The regulations permitted the share price to fluctuate by Re1 in either direction, trading within the range of Rs2-4 per share throughout the day. The trading volume on the first day was impressive, with an estimated 148.56 million shares exchanged, making TISL the second-largest volume leader on the PSX. The intra-day price range saw the lowest point at Rs3.48 and the highest at Rs3.89.

The IPO, held in August 2026, raised Rs450 million by selling 150 million shares to various investors at Rs3 per share. The price determination was achieved through a two-day Dutch auction (book-building process). TISL, regulated by the State Bank of Pakistan (SBP), began Dutch bidding at a minimum (floor) price of Rs1.9 per share on August 5, 2026, which rose to Rs3 per share during the bidding.

The consultancy behind the share issuance reported that the IPO was fully subscribed within a "record two seconds" after the start of the book-building process on the first day. Tasdeeq is the first credit bureau in Pakistan licensed by the SBP and the first to list in South Asia. The company plans to use the IPO proceeds to enhance its product development, bolster its technology infrastructure and information security, and finance consumer marketing initiatives.