# ABHI Microfinance Bank IPO: 132 million shares at Rs 15 floor, retail subscription 12 and 13 November

Source: Searchable (https://searchable.pk/news/markets/abhi-microfinance-bank-ipo-132-million-shares-at-rs-15-floor-retail-subscription)
Type: News article
Author: Searchable Editorial
Published: 31 Oct 2026
Updated: 31 Oct 2026
Retrieved: 31 Oct 2026

> The bank wants up to about Rs 3 billion to grow lending and get its capital ratio above the SBP's 15% minimum. Here are the dates, the price band and how to apply.

**ABHI Microfinance Bank IPO: the bank plans to sell 132 million shares on the Pakistan Stock Exchange at a floor price of Rs 15 each**, raising about Rs 1.98 billion at the floor and up to roughly Rs 2.97 billion if bidding pushes the price to the Rs 22.50 cap, [Business Recorder reported](https://www.brecorder.com/news/40446781/abhi-microfinance-bank-plans-to-raise-billions-thru-ipo) from details the bank disclosed to the PSX. Book-building for big investors runs on **5 and 6 November**, and ordinary investors can subscribe on **12 and 13 November**.

## The IPO at a glance

| Item | Detail |
|---|---|
| Shares on offer | 132 million ordinary shares |
| Floor price | Rs 15 a share (includes a Rs 5 premium) |
| Price cap | Rs 22.50 (floor plus 50%) |
| Size at the floor | Rs 1.98 billion |
| Size at the cap | about Rs 2.97 billion |
| Book-building (75%, 99 million shares) | 5 and 6 November 2026 |
| Retail subscription (25%, 33 million shares) | 12 and 13 November 2026 |
| Underwriters of the retail portion | Arif Habib, Topline Securities, Growth Securities, Dawood Equities |

The retail price will be whatever the book-building sets, so you will know the exact price a week before the public subscription opens.

## Why the bank is raising money

ABHI says it needs the capital mainly to grow its loan book and to meet the State Bank's minimum capital rules for microfinance banks. Its own projections, as disclosed:

- **Capital adequacy ratio (CAR):** expected to turn positive and reach about **4.3% by the end of 2026**, then **17.8% by the end of 2027**. The SBP minimum for microfinance banks is **15%**. In other words, the bank is below the required level today and the IPO is part of getting it back above.
- **Profit:** management forecasts about Rs 1.5 billion in the second half of 2026, for a full-year 2026 profit of about **Rs 2.93 billion**.
- **Reach:** more than 114 branches in over 108 cities, plus branchless and digital channels.

These are management forecasts, not audited results. Read the prospectus, especially the risk section on capital adequacy, before you bid.

## How to apply as a retail investor

1. **Open a PSX trading account or CDC investor account** if you do not have one; most brokers can open one online with your CNIC.
2. **Apply on 12 or 13 November** through your broker, a banker to the issue, or the PSX's online IPO portal, PES.
3. **Have the money ready in your account** for the number of shares you apply for at the strike price. If the issue is oversubscribed, shares are allotted in proportion and the rest is refunded.

Gains on shares are taxed when you sell; see our [capital gains tax calculator](/tools/tax/capital-gains-tax-calculator) to estimate it. For how the market itself is doing, the [KSE-100 page](/data/kse-100) has the latest close.

## Frequently asked questions

**When is the ABHI Microfinance Bank IPO?**

Book-building is on 5 and 6 November 2026 and the retail subscription on 12 and 13 November 2026, according to details disclosed to the PSX.

**What is the ABHI IPO price?**

The floor price is Rs 15 a share with a cap of Rs 22.50; the final price is set in book-building and the retail portion is sold at that price.

## Sources

- ABHI Microfinance Bank plans to raise billions thru IPO (Business Recorder): https://www.brecorder.com/news/40446781/abhi-microfinance-bank-plans-to-raise-billions-thru-ipo

How to cite: "ABHI Microfinance Bank IPO: 132 million shares at Rs 15 floor, retail subscription 12 and 13 November", Searchable, 31 Oct 2026, https://searchable.pk/news/markets/abhi-microfinance-bank-ipo-132-million-shares-at-rs-15-floor-retail-subscription