KARACHI: ABHI Microfinance Bank has achieved a significant milestone in its Initial Public Offering (IPO), with its book-building portion reaching 158% (1.6x) subscription during the two-day bidding process held on November 5–6, 2026, on the Pakistan Stock Exchange (PSX). The successful completion of the book-building phase marks an important step in the Bank’s journey towards the capital markets, setting the stage for the upcoming retail subscription. The IPO comprises 132 million shares, offered within a price band of PKR 15.00 to PKR 22.50 per share, with 75% of the issue allocated to institutional investors through book building and the remaining 25% reserved for retail investors. Following the completion of the book-building phase, the IPO will move into its retail subscription stage on November 12–13, 2026, providing eligible retail investors with an opportunity to participate in the offering. With an issue size ranging from PKR 1.98 billion to PKR 2.97 billion, depending on the final offer price, the IPO represents another significant milestone for Abhi Microfinance Bank as it looks towards its next phase of growth. Abhi’s journey began in 2021 with a vision to make financial access more inclusive through technology-driven financial solutions. Starting with Earned Wage Access (EWA), the company gradually expanded its offerings across payroll solutions, salary financing, and SME lending, building a growing presence across the GCC region. A defining moment in this journey came in 2025, when Abhi acquired FINCA Microfinance Bank, marking a significant milestone in the evolution of Pakistan’s fintech landscape. The acquisition enabled Abhi to extend its vision beyond embedded financial services into regulated microfinance banking, bringing together the agility of fintech with the reach and infrastructure of a licensed banking institution. Staff REporter
RCCI delegation meets Punjab Industries Minister
Islamabad: A delegation of the Rawalpindi Chamber of Commerce and Industry (RCCI), led by Patron-in-Chief Sohail Altaf, met Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain to discuss the establishment of a new industrial estate along Rawalpindi Ring Road. The delegation included RCCI President Nosherwan Khalil Khan and former President Asad Mashadi. During the meeting, the formation of a joint working group comprising representatives of the Rawalpindi and Islamabad Chambers of Commerce and government officials was finalized. Members will include Sohail Altaf, Nosherwan Khalil Khan, Asad Mashadi, Islamabad Chamber President Muhammad Zakaria Akbar Khan, former President Khalid Javed, Chairman Hajveri Group Tauqeer Awan, Secretary Industries and Commerce Muhammad Umar Masood, Chairman PAIDMC Shehzad Azam, and COO Ali Moazzam. Staff REporter
