Khaadi IPO Pakistan 2026: Share Price, PSX Listing & How to Invest
Khaadi IPO Pakistan 2026 explained: price range Rs12.40 to Rs18, book building, retail portion, expected PSX listing, and how to apply step by step.
Last updated: October 12, 2026. This is a developing story, and details may change once the final prospectus is approved.
Khaadi, one of Pakistan’s best-known fashion brands, is preparing to list on the Pakistan Stock Exchange (PSX). If you’re wondering about the Khaadi IPO Pakistan 2026, including the share price, the dates, and how to apply, this guide covers everything known so far and explains what’s still unconfirmed.
Khaadi IPO at a Glance
| Detail | Information |
|---|---|
| کمپنی | Khaadi Pakistan Limited |
| Listing board | PSX Main Board (application filed) |
| IPO size | 250 million shares |
| Floor price | Rs12.40 per share |
| Maximum price (price cap) | Rs18.00 per share |
| Method | Book building |
| Book-building portion | 175 million shares (70%) |
| Retail portion | 75 million shares (30%), at the strike price |
| Pre-IPO placement | 250 million shares, Rs12.40 to Rs15.20 |
| Total shares offered | 500 million (20% of post-IPO capital) |
| Total potential raise | Rs6.2 billion to Rs8.3 billion |
| Financial advisor | Arif Habib Limited |
| Expected timing | Book building reported for November 2026 |
| Bidding and subscription dates | Not announced yet |
What Is the Khaadi Share Price?
Khaadi has no trading share price yet, because it isn’t listed. What exists right now is the IPO price range:
- Floor price: Rs12.40
- Price cap: Rs18.00
The final strike price will be found through book building, where institutional investors bid within this range. The retail portion is then offered at that same strike price. So the price you’d pay as a retail investor will be somewhere between Rs12.40 and Rs18.00, and it will be confirmed only after bidding closes.
After listing, the share will trade on PSX at whatever price the market sets, which can be higher or lower than the IPO price.
What Is an IPO and Why Is Khaadi Doing One?
An IPO (initial public offering) is when a private company sells shares to the public for the first time and lists on a stock exchange. This lets ordinary investors become part-owners.
According to reports, Khaadi wants the money mainly for expansion. The company plans to open more stores and convert existing outlets into larger “experience stores,” with capital spending of around Rs3.5 billion per year from 2027. Reports also say part of the proceeds will go toward repaying bridge financing, so read the final prospectus for the exact split.
How the Khaadi IPO Works: Book Building and the Retail Portion
If you’re new to IPOs in Pakistan, here is the process in simple terms.
Book building (70% of the IPO): Institutional and high-net-worth investors place bids at different prices within the range. The price at which the book-building portion is fully subscribed becomes the strike price.
Retail portion (30%): Ordinary investors apply for shares at the strike price that book building finds. For Khaadi, this is 75 million shares. The prospectus says this portion is fully underwritten, and the company plans to encourage customers at selected stores to take part.
Pre-IPO placement: Separately, 250 million shares are being placed privately with large investors before the public offering. Ordinary investors can’t buy in this part.
Khaadi’s Financial Snapshot
From the draft prospectus and reports:
- Revenue, first half of 2026: Rs17.08 billion
- Net profit, first half of 2026: Rs1.606 billion
- Post-IPO shares: about 2.5 billion
- Implied market value: about Rs31 billion at the floor price and Rs45 billion at the cap
- Valuation at the floor price: a trailing price-to-earnings (P/E) ratio of about 12x, and price-to-book of about 2.3x
The prospectus notes that no listed company is directly comparable, since Khaadi is a pure retailer without its own manufacturing. That makes valuation harder, so compare carefully before deciding.
About Khaadi
Khaadi was founded in 1998 by Shamoon Sultan, starting with a single store and growing into one of the country’s most recognized apparel brands. It operates in Pakistan, the UAE, the UK, and the US, and sells online across 200+ cities. It is a subsidiary of Weaves Corp, which counts the International Finance Corporation as a minority shareholder. Reports say Khaadi has shifted from adding branches toward bigger-format stores and weekly product launches.
If it lists as planned, it would be the first pure fashion retail company on PSX, according to local reports.
When Will the Khaadi IPO Open?
At the time of writing:
- PSX is collecting public comments on the draft prospectus until October 15, 2026.
- The final prospectus must then be approved by PSX and the Securities and Exchange Commission of Pakistan (SECP).
- Book building is reported for November 2026.
- Exact bidding and subscription dates have not been announced.
Check PSX, SECP, and your broker for the official dates before you make any plans.
How to Invest in the Khaadi IPO: Step by Step
The exact process will be in the final prospectus, but IPO applications in Pakistan generally work like this:
- Open an account. You need a CDC (Central Depository Company) sub-account or investor account through a PSX-registered broker. Many brokers allow online account opening with your CNIC.
- Complete your documents. Keep your CNIC, bank account details, and tax information ready. Make sure your account is active before the IPO opens.
- Keep funds available. Retail investors normally have to pay the amount upfront when applying, and any unallocated money is refunded.
- Read the final prospectus. Check the strike price, the minimum application size, dates, and risk factors.
- Apply during the subscription window. This is usually done through your broker, bank, or an online IPO facility. The prospectus will list the approved channels.
- Wait for allocation. If the retail portion is oversubscribed, shares are allotted by the method set out in the prospectus, and you may receive fewer shares than you asked for.
- Check the listing. After allocation, shares are credited to your account and trading begins once Khaadi is listed.
Always apply through official channels, and be careful with anyone who promises guaranteed allotment or guaranteed profits.
Should You Invest in the Khaadi IPO? Points to Consider
Possible positives
- A well-known brand with a loyal customer base
- Profitable in the first half of 2026
- Funds meant for expansion
- Strong recent momentum in PSX listings
Possible risks
- Valuation at a higher price in the range may leave less room for gains
- Retail businesses depend on consumer spending and can be hit by inflation and weak demand
- No directly comparable listed company to benchmark against
- IPO prices don’t guarantee listing-day gains, and shares can fall
This is not a recommendation to buy or avoid the IPO. Read the final prospectus and decide based on your own finances and risk tolerance.
Frequently Asked Questions
What is the Khaadi IPO price?
The IPO price range is Rs12.40 (floor) to Rs18.00 (cap) per share. The final strike price is decided through book building.
When is the Khaadi IPO date?
Book building is reported for November 2026, but official bidding and subscription dates haven’t been announced yet.
Is Khaadi listed on PSX?
Not yet. Khaadi has applied for listing on the PSX Main Board, and its draft prospectus was placed for public comment.
What is the Khaadi share symbol on PSX?
A trading symbol has not been confirmed in the sources I found. It will be announced before listing.
How many shares are for retail investors?
75 million shares, or 30% of the 250 million-share IPO, are for the general public at the strike price.
Can ordinary investors buy into the pre-IPO placement?
No. The pre-IPO placement is for large, selected investors.
How much money do I need to apply?
The minimum will be in the final prospectus. You’ll need enough to cover the strike price times the number of shares you apply for.
Will Khaadi IPO shares make a profit on listing?
No one can promise that. Some IPOs rise after listing and others fall, so don’t rely on listing-day gains.
Final Thoughts
The Khaadi IPO Pakistan 2026 is one of the more closely watched listings on the PSX this year, with a price range of Rs12.40 to Rs18, a Rs6.2 to Rs8.3 billion raise, and a 30% retail portion. The key details, such as the final strike price and subscription dates, will only be confirmed after the final prospectus is approved. Open your broker or CDC account now, keep your funds ready, and wait for official announcements.
Disclaimer: This article is for general information only and isn’t financial, investment, or legal advice. IPO details can change. Verify everything with the final prospectus and official PSX/SECP announcements, and consult a licensed financial adviser before investing.
