Main Board

Introduction

The Main Board is for large cap companies listing at PSX. There are more than 500 companies listed on the Board, having market capitalization of PKR 7 trillion+. Pakistan’s prestigious and top-notch companies are listed on this Board to fulfill their financing needs.

Business Eligibility

Business Eligibility Business Eligibility

PSX Listing Fees

  • Initial Listing Fees- a one-time fee payable at the time of the initial listing.
  • Annual Listing Fees- payable annually by a company - calculated on the basis of company’s market capitalization
  • Additional Listing Fees- payable in the event a company chooses to raise additional capital once listed.
Initial Listing Fees 1/10 th of 1% of the paid-up capital
Initial Listing Fees Cap PKR 1.5 million
Annual Listing Fees Companies Having Market
Capitalization As On June 30
Rate Of fee Per Annum
Up to Rs.100 million Rs.100,000
Above Rs.100 million & Up to Rs.250 million Rs.100,000 + 0.075% on excess over Rs.100 million
Above Rs.250 million & Up to Rs.500 million Rs.212,500 + 0.06% on excess over Rs.250 million
Above Rs.500 million & Up to Rs.1,000 million Rs.362,500 + 0.025% on excess over Rs.500 million
Above Rs.1,000 million & Up to Rs.2,000 million Rs.487,500 + 0.015% on excess over Rs.1,000 million
Above Rs.2,000 million & Up to Rs.10,000 million Rs.637,500 + 0.013% on excess over Rs.2,000 million
Above Rs.10,000 million & Up to Rs.20,000 Rs.1,677,500 + 0.005% on excess over Rs.10,000 million
Above Rs.20,000 million & Up to Rs.50,000 Rs.2,177,500 + 0.0015% on excess over Rs.20,000 million
Above Rs.50,000 million Rs.2,627,500 + 0.001% on excess over Rs.50,000 million
Annual Listing Fees Cap PKR 5 million
Annual Listing Fees Cap PKR 5 million
Additional Listing Fees 0.2% of increase in paid up capital

Procedure to List

  • Selecting the right CTI is the most important step to get your company listed. The CTI will assist you in your IPO journey.
  • It is advised to meet more than one CTI to determine which ones have the appropriate experience and understanding of your business model. You should define a realistic timeline with your Consultant.
  • When awarding a mandate to a CTI, make sure to negotiate fees with them and clarify responsibilities in advance.
  • The CTI completes an internal review, necessary due diligence of your company and prepares a Prospectus for your listing application.
  • The CTI will collect various documents and statements with your assistance which will be submitted with the Prospectus.
  • You will need to apply to PSX and SECP for approval. On behalf of the Exchange, the PSX Listing Committee allows approval of your listing application. After PSX Listing Committee’s approval, SECP deliberates to give its approval on the Prospectus.
  • Listing applications can be submitted online through PRIDE
  • The CTI will work with you to actively market your company to potential investors. They will assist your management team to prepare for series of investor presentations as part of a formal roadshow.
  • An Initial Public Offering is held through a Public offer either by fixed price method or book building method.
  • Your company is formally listed on the Stock Exchange.
  • Exposure on the market can be very different from previous practice for most companies. For instance, publishing an annual report and disclosing material information to the market are two key continuing obligations for listed companies.
  • Selecting the right CTI is the most important step to get your company listed. The CTI will assist you in your IPO journey.
  • It is advised to meet more than one CTI to determine which ones have the appropriate experience and understanding of your business model. You should define a realistic timeline with your Consultant.
  • When awarding a mandate to a CTI, make sure to negotiate fees with them and clarify responsibilities in advance.
  • The CTI completes an internal review, necessary due diligence of your company and prepares a Prospectus for your listing application.
  • The CTI will collect various documents and statements with your assistance which will be submitted with the Prospectus.
  • You will need to apply to PSX and SECP for approval. On behalf of the Exchange, the PSX Listing Committee allows approval of your listing application. After PSX Listing Committee’s approval, SECP deliberates to give its approval on the Prospectus.
  • Listing applications can be submitted online through PRIDE
  • The CTI will work with you to actively market your company to potential investors. They will assist your management team to prepare for series of investor presentations as part of a formal roadshow.
  • An Initial Public Offering is held through a Public offer either by fixed price method or book building method.
  • Your company is formally listed on the Stock Exchange.
  • Exposure on the market can be very different from previous practice for most companies. For instance, publishing an annual report and disclosing material information to the market are two key continuing obligations for listed companies.

Download Documents

Case Studies

Systems Limited: Journey to
Initial Public Offering (IPO)

Interloop Limited: Journey to
Initial Public Offering (IPO)

We want to hear from you - Submit Interest

Whether you are just gathering information for a possible IPO in the future, or you are actually planning or preparing for an IPO, the Business Development team of PSX is here to offer assistance.

If you have already begun preparations for IPO but want to hear from PSX directly, our team is here for you to consult with. We are ready to answer any questions regarding the listing of your company. If you want to know about our system and rules for listing such as listing criteria or if you are curious to know what you should do to prepare for listing, please feel free to contact us through our website or by phone.

We also have staff available to visit prospective applicants and provide hands-on explanations of the listing process.