- September 3, 2026
- Posted by: Tresmark
- Category:
The book-building process for Naya Nazimabad Apartments REIT received a strong response from investors, with the offering oversubscribed by eight times and attracting bids worth approximately Rs4.5 billion.
The issue reached its upper price limit of Rs23 per unit, representing a 28% premium over the floor price. The offering aims to raise Rs1 billion in equity.
Following the successful completion of book-building, the general public subscription is scheduled to take place on September 7 and 8, 2026. The public portion will account for 25% of the total offer, while the remaining 75% has been allocated through the book-building process.
Naya Nazimabad Apartments REIT is being managed by Arif Habib Dolmen REIT Management Limited, while Arif Habib Limited is serving as the lead manager for the offering.
Commenting on the investor response, Shahid Ali Habib, CEO of Arif Habib Limited, said the significant oversubscription reflected strong investor confidence in the offering.
He added that the strong demand, with bids reaching the upper price ceiling, highlights the growing potential for well-structured real estate investment products in Pakistan's capital markets.
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