Khaadi plans IPO next month to raise Rs6.2 billion to Rs8.3 billion

Khaadi Pakistan Ltd., a fashion retailer, plans to launch an initial public offering next month to raise funds for expanding its retail outlet network, Bloomberg reported on Thursday.

The report put the intended raise at between Rs6.2 billion and Rs8.3 billion. Khaadi is a subsidiary of Weaves Corp., which counts International Finance Corporation, a member of the World Bank Group, as a minority shareholder. Arif Habib Ltd. is the financial advisor for the transaction, the report said.

Khaadi's key market is Pakistan and it also operates in the UAE, the UK and the US. In May 2024, Khaadi was named 'Retail Brand of the Year' at Hum Style Awards.

Pakistan's capital market is showing strong momentum, with recent listings on the Pakistan Stock Exchange (PSX) delivering robust gains and reinforcing investor confidence. "With 13 new listings and an average return of 47%, Pakistan's capital market is showcasing powerful growth and investor confidence," said the PSX in a statement released in June 2026.