ABHI Microfinance Bank's initial public offering attracted bids equivalent to 158% of the shares allocated to institutional investors during the two-day book-building process held on November 5 and 6, 2026, at the Pakistan Stock Exchange, with the issue now set to move to retail subscription. The book-building portion was oversubscribed 1.6 times, marking the completion of the first phase of the offering. The issue comprises 132 million shares offered within a price band of Rs15.00 to Rs22.50 per share, with 75% allocated to institutional investors through book building and 25% reserved for retail investors. With an issue size ranging from Rs1.98 billion to Rs2.97 billion depending on the final offer price, the bank said the offering represented another milestone as it looks towards its next phase of growth. Following completion of the book-building phase, the offering will move into its retail subscription stage on November 12 and 13, 2026, providing eligible retail investors with an opportunity to participate. ABHI was founded in 2021 with a stated vision to make financial access more inclusive through technology-driven financial solutions. It started with Earned Wage Access and gradually expanded its offerings across payroll solutions, salary financing and small and medium-sized enterprise lending, building a growing presence across the Gulf Cooperation Council region.