Information

• Investor Specification
• Issue Capital
• Undisclosed Trading
• Top Companies
• Short Term Debt
• Long Term Debt
• Share Classes
• Corporate Governance
• OTC document
• Equity Document

Issue Capital

Listing Requirements & Procedures:

Issue of capital is mainly governed by the Companies Ordinance 1984, Companies (Issue of Capital) Rules, 1996 and Listing Regulations, Regulations Governing Over the Counter (OTC) Market and criteria for listing framed there under.
A. The main requirements of listing on the ready market.

1. Minimum paid up capital of Rs.200 million.
2. Minimum public offer as required under the Listing Regulations and the Companies (Issue of Capital) Rules, 1996.
3. Public offer of equity has to be subscribed by at least 500 applicants.
4. The offering document has to be cleared by the KSE before it is submitted to the Securities Exchange Commission of Pakistan for approval.

   B. The main requirements of listing on OTC market

1. Minimum paid up capital of Rs.10 million.
2. Minimum public offer Rs.5 million or 25% of the capital whichever is higher.
3. Break-up value of the ordinary shares shall not be less than its face value at the time of listing.
4. The offering document has to be cleared by the KSE before it is submitted to the Securities Exchange Commission of Pakistan for approval.

   C. Time frame for Listing

The listing application completed in every respect along with offering document is not required more than 2 weeks for clearance of the Exchange.

For further details please see the relevant Rules & Regulations, requirements/criteria for listing as well as the documents / information required for listing of securities, which have been placed separately on the website.