KARACHI: The book-building process for Naya Nazimabad Apartments REIT has attracted strong investor interest, with bids reaching approximately Rs. 4.5 billion, making the offering oversubscribed by eight times.
The REIT successfully raised Rs. 1 billion in equity after the bidding process reached the upper price limit of Rs. 23 per unit. The final upper price was around 28% above the floor price, indicating significant demand from investors.
Under the offering structure, the book-building portion represents 75% of the total issue, while the remaining 25% is reserved for subscription by the general public.
The public subscription phase is scheduled for September 7 and 8, 2026, giving retail investors an opportunity to participate in the REIT offering.
Naya Nazimabad Apartments REIT is managed by Arif Habib Dolmen REIT Management Limited, with Arif Habib Limited acting as the lead manager for the offering.
