Zarea Limited’s IPO Oversubscribed by 1.9x

Zarea Limited has become the first Initial Public Offering (IPO) of 2025 on the main board of the Pakistan Stock Exchange (PSX). The IPO has concluded with an oversubscription of 1.9x times after selling 62.5 million shares and landing on a strike price of Rs. 16.5 per share. The book-building process saw a demand of Rs. 2 billion while the total amount raised was Rs. 1.03 billion. “This exceptional performance not only highlights the strong market appetite for quality offerings but also reflects the confidence in Topline Securities as well as in the issuer. It further underscores the ample liquidity in the market for IPOs, reinforcing our belief in the sector’s ongoing growth potential,” Topline CEO Mohammed Sohail said in a post on social media. The next phase of the public offering will be held next week (17-18 February). In this step, 25 percent of the net offering will be made available for Rs. 16.5 per share to retail investors.