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Naya Nazimabad Apartments REIT has attracted strong investor interest after receiving bids worth around PKR 4.5 billion.
The book-building process recorded an eight-times oversubscription. Investors also pushed the issue price to PKR 23 per unit.
The final price stood 28% above the floor price. The offering raised PKR 1 billion in equity.
The strong demand highlights growing investor confidence in the Naya Nazimabad development. It also reflects rising interest in Pakistan’s real estate investment market.
The REIT will open its general public subscription on September 7 and 8, 2026.
The public portion represents 25% of the total offer. The book-building process covers the remaining 75%.
Individual investors will therefore get an opportunity to participate in the offering during the public subscription period.
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The strong response also signals growing interest in professionally managed real estate investment products.
Shahid Ali Habib, CEO of Arif Habib Limited, welcomed the strong response from investors.
He said the eight-times oversubscription showed strong confidence in the offering. He also highlighted the demand at the upper price ceiling.
Habib said the results support the potential of well-structured real estate investment products in Pakistan.
He thanked investors for their trust and participation in the offering.
Arif Habib Dolmen REIT Management Limited manages the Naya Nazimabad Apartments REIT.
Arif Habib Limited serves as the Lead Manager for the offering.
The successful book building could further strengthen the role of REITs in Pakistan’s capital markets.
REITs allow investors to gain exposure to real estate through structured investment products.
The latest offering also highlights the growing role of real estate as an investable asset class in Pakistan.
The public subscription will begin on September 7 and continue through September 8, 2026.
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