The Securities and Exchange Commission of Pakistan (SECP) has approved the prospectus for the offer for sale and initial public offering (IPO) of Signature Residency REIT (SRR), paving the way for its listing on the Pakistan Stock Exchange (PSX).
According to the regulator, the offering comprises 8.25 million units, representing 25 percent of the REIT’s total units. The offer for sale is being made by existing unitholders, who will proportionately divest a quarter of their holdings to the general public.
Signature Residency REIT is a Shariah-compliant developmental REIT scheme, managed by Arif Habib Dolmen REIT Management Limited.
The IPO marks the fifth listing on the PSX Main Board during the ongoing fiscal year 2025-26 and will be the second REIT scheme to list this year. With this addition, the total number of REIT schemes listed on the PSX will rise to five.
READ MORE: Real Estate Investment Trust scheme: A comprehensive package for development of real estates
Market observers see the uptick in listings as a sign of renewed issuer confidence in capital market financing, alongside expanding investment avenues for retail and institutional investors.
The SECP said the acceleration in PSX listings is contributing to domestic capital formation, strengthening financial inclusion, and improving transparency and corporate governance standards.
The regulator further noted that it has recently revamped the Public Offering Regulations, 2017, to streamline the IPO process by reducing approval timelines and enhancing operational efficiency. These reforms aim to facilitate easier access to capital for issuers while improving the IPO experience for investors.
American Dollar Exchange Rate