Supplement to Offer for Sale: Naya Nazimabad Apartment REIT — Issue Prices, Underwriters & Allocation Breakdown
Supplement to Offer for Sale · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Thursday, 3 September 2026, listed under Lahore. Issued by Supplement to Offer for Sale.
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Issuer: Naya Nazimabad Apartment REIT. This supplement is published pursuant to the Public Offering Regulations, 2017 and in continuation of the Offer for Sale document earlier published on August 20, 2026.
Offer pricing: Floor Price PKR 18.00 per share; Strike Price PKR 23.00 per share; Issue Price PKR 23.00 per share; Price band (maximum 27.77%). Underwriting fee: 1%. Take-up commission: 1%.
Key underwriters to the retail portion of the issue and amounts underwritten at floor and cap:
| Underwriter | Shares Underwritten | Amount Underwritten (at Floor) | Amount Underwritten (at Cap) |
|---|---|---|---|
| Ismail Iqbal Securities (Private) Limited | 5,555,556 | PKR 100,000,008 | PKR 127,777,778 |
| Sherman Securities (Private) Limited | 5,460,069 | PKR 98,281,242 | PKR 125,581,587 |
| Total | 11,015,625 | PKR 198,281,250 | PKR 253,359,375 |
Category-wise provisional allocation of successful bidders (number of bidders and shares provisionally allocated):
| 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 |
| Investment Banks | - | - |
| Employees' Provident / Pension Funds | 1 | 667,434 |
| Leasing Companies | - | - |
| Modarabas | - | - |
| Securities Brokers | 12 | 3,271,917 |
| Foreign Institutional Investors | - | - |
| Any other Institutional Investors | 14 | 3,290,659 |
| Total Institutional Investors | 48 | 18,146,779 |
| Foreign Individual Investors | 8 | 207,147 |
| Local Individual Investors | 193 | 14,692,949 |
| Total Individual Investors | 201 | 14,900,096 |
| Grand Total | 249 | 33,046,875 |
Notes: This document provides supplementary offer details, underwriter commitments and provisional allocation by investor category. No application or bid closing date is specified 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.
Questions about this notice
- What is the last date for this notice?
- This advertisement prints no last date. Read the clipping and confirm with Supplement to Offer for Sale.
- Which newspaper published this notice?
- Nawa-i-Waqt, in the edition of Thursday, 3 September 2026.
- Which city is this notice for?
- Lahore — the location listed for this advertisement.
- How do I respond to this notice?
- Follow the instructions printed in the clipping; the advertiser’s own page is linked from this one. Applications are not submitted through this page.
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