AdalFi Plans Rs. 652 Million IPO to Expand Islamic, SME Lending
Lahore-based digital lending platform AdalFi intends to launch an initial public offering (IPO) next month, seeking to raise up to Rs.
Lahore-based digital lending platform AdalFi intends to launch an initial public offering (IPO) next month, seeking to raise up to Rs.
Article outline
- What happened
- The key numbers
- Background
- The bottom line
Key points
- Founded in 2021, AdalFi helps banks and other lenders assess the creditworthiness of customers and small businesses with limited or no traditional credit histories.
- AdalFi remarked in an official note to Bloomberg that it intends to problem new shares as part of the IPO.
- The planned listing comes against the backdrop of a record year for Pakistan's IPO market.
- Obtain the latest business news, market insights, and economic updates wherever you prefer.
- The platform has facilitated more than Rs.
For context, the proposed offering would create AdalFi the first fintech to list on the Pakistan Stock Exchange (PSX) and one of the few startups to enter the country's public market.
ABHI Microfinance Bank to Raise Rs. 3 Billion Through IPO Next Month.
For context, the planned listing comes against the backdrop of a record year for Pakistan's IPO market. According to data compiled by Bloomberg, 13 offerings have raised a combined Rs. 23.1 billion, marking the busiest year ever for listings in the country. AdalFi's Digital Lending Model.
While AdalFi earns a share of the income and assumes part of the lending risk, under its business model, banks provide the funds and retain the loans on their balance sheets.
For context, the platform has facilitated more than Rs. 110 billion in loans since its founding, according to the firm.
AdalFi's proposed IPO adds to signs of activity in Pakistan's startup and capital markets, with the listing offering the fintech an opportunity to raise funds from public investors as it seeks to expand its lending services. Stay Connected with ProPakistani.
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For now, adalFi Plans Rs. 652 Million IPO to Expand Islamic, SME Lending remains the part of the story worth watching, and further updates are likely as more details are confirmed.
