Supplement to Offer for Sale: Naya Nazimabad Apartment REIT — Price, Underwriters & Allocation Summary
Supplement to Offer for Sale · Karachi · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Thursday, 3 September 2026, listed under Karachi, Pakistan. Issued by Supplement to Offer for Sale.
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This supplement is published pursuant to the Public Offering Regulations, 2017 as a continuation of the Offer for Sale Document of Naya Nazimabad Apartment REIT previously published on August 20, 2026.
Offer pricing (per share):
Floor Price: PKR 18.00 — Strike Price: PKR 23.00 — Issue Price: PKR 23.00 — Price Band (Maximum 27.77%): PKR 23.00
Underwriters to the retail portion of the issue
| Underwriter | Shares Underwritten | Amount Underwritten (at Floor) | Amount Underwritten (at Cap) | Underwriting Fee (%) | Take‑up Commission (%) |
|---|---|---|---|---|---|
| Ismail Iqbal Securities (Private) Limited | 5,555,556 | PKR 100,000,008 | PKR 127,777,778 | 1% | 1% |
| Sherman Securities (Private) Limited | 5,460,069 | PKR 98,281,242 | PKR 125,581,587 | 1% | 1% |
| Total | 11,015,625 | PKR 198,281,250 | PKR 253,359,375 |
Category‑wise breakup of provisionally allocated successful bidders
| Category | No. of Bidders | No. of Shares Provisionally Allocated |
|---|---|---|
| Commercial Banks | 1 | 646,307 |
| Development Financial Institutions | - | - |
| Mutual Funds | 18 | 9,158,675 |
| Insurance Companies | 2 | 1,111,787 |
| Employees' Provident / Pension Funds | 1 | 667,434 |
| Securities Brokers | 12 | 3,271,917 |
| Any Other Institutional Investors | 14 | 3,290,659 |
| Total Institutional Investors | 48 | 18,146,779 |
| Foreign Investors (individual) | 8 | 207,147 |
| Local (individual) | 193 | 14,692,949 |
| Total Individual Investors | 201 | 14,900,096 |
| GRAND TOTAL | 249 | 33,046,875 |
Issuer / Purpose: Naya Nazimabad Apartment REIT — supplement to the Offer for Sale document providing pricing, underwriter commitments and provisional allocation details for the public offering.
No application or bid closing date is provided in this supplement.
Published in Nawa-i-Waqt on Thursday, 3 September 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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