Pak-Qatar General Takaful IPO: Allotment, Refunds, and What’s Next?

 

The Pak-Qatar General Takaful Limited (PQGTL) IPO has officially made waves in the market, drawing massive interest from retail and institutional investors alike. With the public subscription window (January 28–29, 2026) now closed, the big question on everyone’s mind is: “When do I get my shares?”

Here is everything you need to know about the timeline and the refund process.

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1. The Allotment Timeline

Historically, the Pakistan Stock Exchange (PSX) and the Central Depository Company (CDC) take about 10 to 15 days to finalize the allotment after the subscription ends.

Given the current schedule, expect the formal allotment and credit of shares to happen by the second week of February 2026. Successful applicants will see the shares reflected directly in their CDC accounts.

2. The "21x" Factor

The PQGTL IPO was oversubscribed by a staggering 21 times at a strike price of Rs. 14. While this is great news for the company, it means competition among retail investors is high. Because of this demand, a balloting process (a lucky draw) is usually conducted to decide who gets the shares.

3. What Happens If You Aren't Allotted Shares?

If your application isn't picked in the ballot, or if you are only partially allotted shares, don't worry—your money isn't lost.

• Full Refund: If you aren't allotted any shares, you will receive a 100% refund of your subscription amount.
• Method: Refunds are typically credited back to the same bank account you used during the application.
• Timeline: Expect the funds to return to your account within 10 to 15 working days post-subscription.

4. How to Check Your Status

You don’t have to play the guessing game. You can track your application status through these official portals:

• For CDC Users: Check the CDC Centralized E-IPO System (CES).
• For PSX Users: Use the PSX e-IPO Portal.

5. Troubleshooting Delays

If mid-February rolls around and you haven't received your shares or your refund:

1. Verify Status: Log in to your e-IPO portal to see if your application was "Successful" or "Unsuccessful."
2. Contact the Registrar: Refer to the PQGTL Prospectus for the specific contact details of the share registrar.
3. Escalate: If the bank or registrar is unresponsive, you can lodge a formal complaint via the PSX Investor Complaint Portal.

Final Word: The massive oversubscription of PQGTL is a strong signal of investor confidence in the Takaful sector. Whether you get allotted or get a refund, stay tuned to the market—this listing is going to be a highlight of 2026!