KARACHI, 24 August, 2026 (Nosheen): The Pakistan Stock Exchange (PSX) welcomed Tasdeeq Information Services Limited as its latest listed company through a gong ceremony held at the PSX Trading Hall on Monday, marking the listing of South Asia’s first publicly listed credit bureau. The transaction involved 219 million ordinary shares, including 69 million shares placed with pre-IPO investors at Rs2.35 per share and 150 million shares offered through the initial public offering (IPO) at a strike price of Rs3.00 per share. The total transaction size stood at approximately Rs612 million. The retail portion of the IPO was oversubscribed 21.68 times, attracting 11,358 applications and total participation of Rs2.4 billion. The strong investor response highlights growing confidence in Pakistan’s capital markets and the potential of the country’s data and analytics sector. PSX Managing Director and CEO Farrukh H. Sabzwari welcomed Tasdeeq to the Exchange, saying the gong ceremony marked the 11th listing during the calendar year and the third listing of the current fiscal year.He said Tasdeeq’s admission as a licensed credit bureau reflected the increasing diversity of businesses opting for the Pakistan Stock Exchange to raise capital and expand their operations.Sabzwari added that the number of investor accounts had crossed 600,000, with Millennials and Gen Z increasingly participating through awareness initiatives and digital platforms. He said the growing investor base had contributed significantly to the strong oversubscription of Tasdeeq’s IPO and demonstrated sustained investor appetite for innovative companies. The Chairman and Board of Directors of Tasdeeq Information Services Limited led the gong ceremony and reaffirmed the company’s commitment to strengthening Pakistan’s credit information infrastructure and promoting responsible lending among banks, microfinance institutions and digital lenders. Tasdeeq CEO Mumtaz Hussain thanked investors for their confidence and outlined plans to expand the company’s business-to-consumer (B2C) services.Meanwhile, Mohammed Sohail, CEO of Topline Securities and Consultant to the Issue, highlighted the exceptional retail response to the IPO. He noted that the strong demand resulted in the retail allocation being increased from 25 percent to 35 percent, marking the first such increase in Pakistan’s IPO history.