KARACHI: ABHI Microfinance Financial institution Ltd., the digital lender majority-owned by fintech group Abhi, is making ready to launch an preliminary public providing on the Pakistan Inventory Trade this month, aiming to lift between Rs2 billion and Rs3 billion ($8 million to $11 million).
The financial institution plans to supply roughly 14% of its shares within the providing, in response to Omair Ansari, sponsor and director of the lender. Proceeds from the IPO will strengthen the financial institution’s capital base, with its capital buffer anticipated to exceed the State Financial institution of Pakistan’s minimal regulatory requirement by subsequent yr, Ansari mentioned.
ABHI Microfinance Financial institution, previously generally known as FINCA Microfinance Financial institution, reported a revenue after tax of Rs1.019 billion for 2025, its highest-ever annual revenue and a pointy turnaround from a loss after tax of Rs1.754 billion in 2024. The financial institution had final been worthwhile in 2020.
The advance got here from stronger steadiness sheet development, increased earnings era, improved recoveries, tighter credit score monitoring and higher price self-discipline, in response to monetary statements. Whole property elevated to Rs77.07 billion from Rs40.35 billion a yr earlier, pushed by a 104% enlargement in advances to Rs37.56 billion.
Abhi Pvt. owns about 75% of the lender, with TPL Corp. holding the remaining stake. The 2 corporations acquired the establishment about 18 months in the past, shifting its focus in direction of digital operations and shutting unprofitable branches.
Earlier than the takeover, the microlender had been recording annual losses of as much as $5 million for 5 consecutive years, Ansari mentioned. Beneath new possession, the financial institution generated greater than $3.5 million in revenue throughout its first yr and is on monitor to earn roughly $10 million this yr.
The financial institution sees alternatives in gold-backed lending, a phase Ansari mentioned stays under-penetrated in Pakistan, citing India’s Muthoot Finance Ltd. as a comparable mannequin. It’s also working to safe a license for gold tokenization and exploring a crypto funds hall linking clients in Pakistan and the Center East.
Arif Habib Ltd., Topline Securities Ltd. and Development Securities have been appointed as monetary advisers for the providing. The corporate has held a roadshow in London concentrating on home and frontier and rising market buyers.
The IPO comes amid Pakistan’s busiest yr for public choices. Within the first half of 2026, 9 corporations raised greater than Rs20 billion by means of IPOs, with the Securities and Trade Fee of Pakistan approving 10 listings throughout the interval. The benchmark KSE-100 Index has surged considerably, reflecting improved macroeconomic stability underneath the Worldwide Financial Fund program, optimistic market sentiment and renewed investor curiosity.
