KARACHI (Dunya News) - The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations 2017, easing requirements for initial public offerings (IPOs) to support small and medium-sized enterprises.
Under the revised rules, partnerships and limited liability partnerships (LLPs) can now qualify for IPOs based on their historical profitable performance.
Companies will also be allowed to use financial performance data from the period before formal incorporation as part of IPO eligibility, enabling stable businesses to access stock market funding more easily.
According to the SECP, key investor protection measures remain in place, including audit requirements and lock-in conditions.
Sponsors’ shares will remain subject to a two-year lock-in period after listing to ensure market stability and protect investor interests.
The regulator said the reforms aim to broaden access to capital markets while maintaining transparency and safeguarding investors.