Abhi Microfinance Bank plans to raise between Rs2 billion and Rs3 billion through an initial public offering at the Pakistan Stock Exchange, as Pakistan’s fintech sector turns to public markets.
The lender aims to offer about 14% of its shares, Omair Ansari, sponsor and director of the bank, told Bloomberg. The transaction could launch before the end of July.
Abhi will use the proceeds to strengthen the bank’s capital base. Management expects its capital buffer to exceed the State Bank of Pakistan’s minimum regulatory requirement by next year.
IPO Targets Local and International Investors
Abhi appointed Arif Habib Limited, Topline Securities and Growth Securities as financial advisers. The company also held a roadshow in London to attract domestic, frontier and emerging market investors.
The listing comes during Pakistan’s busiest IPO year. Ten listings have raised about Rs19.8 billion so far, supported by a market rally and retail participation. The Securities and Exchange Commission of Pakistan separately said 10 companies raised more than Rs20 billion in the first half of 2026.
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Abhi Pvt. owns close to 75% of the bank, while TPL Corp holds the remaining stake. The two companies completed their acquisition of FINCA Microfinance Bank in January 2025 after securing regulatory approvals.
Digital Turnaround Lifts Bank Into Profit
The new owners shifted the lender toward digital services and closed loss-making branches. Ansari said the bank had recorded annual losses of up to $5 million before the acquisition.
Under the new ownership, the lender generated more than $3.5 million in profit during its first year. Ansari expects profit to approach $10 million in 2026.
“At ABHI, our mission has always been to create accessible financial solutions for everyone,” Ansari said when the acquisition closed.
Recent results show the scale of the turnaround. Abhi Microfinance Bank reported first-quarter revenue of Rs4.874 billion, compared with Rs2.6 billion in the same period last year.
The bank has expanded digital infrastructure. Its strategy focuses on using technology to serve individuals, small businesses and customers outside traditional banking channels.
Gold Lending and Crypto Corridor Under Review
Abhi Microfinance Bank plans to expand gold-backed lending. The bank already offers financing against gold ornaments or bullion, with loans ranging from Rs100,000 to Rs5 million.
Management is also exploring a licence to tokenize gold. The project could allow the bank to represent gold ownership through regulated digital tokens, although it would require regulatory approval.
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The lender is separately evaluating a crypto payments corridor between Pakistan and the Middle East. Abhi has not disclosed a launch date or technical structure for the proposed service.
The IPO would provide fresh capital for expansion and open the bank’s ownership to public investors. It would also mark a major milestone for Abhi, which began as an earned wage access fintech in 2021 before acquiring a regulated microfinance institution.
