Secure Logistics Group Set to Launch IPO, Targeting Rs. 600 Million Investment

Traction

Published on

By webdesk

Islamabad-based Secure Logistics Group Limited is set to launch its initial public offering (IPO) next week, aiming to raise Rs. 600 million ($2.1 million) from public investors in what marks the first logistics IPO on the main bourse. The IPO will offer 50 million shares at a floor price of Rs. 12 each through a book-building process scheduled for March 27 and 28.

The funds raised from the IPO will be allocated towards debt reduction and expanding the logistics business, with a particular focus on seizing opportunities arising from the China-Pakistan Economic Corridor (CPEC). Following the IPO, strategic investor Saudi Bugshan Group’s share in SLG will increase from 13.6 percent to 17 percent. Management anticipates substantial growth in road transportation under the CPEC in the coming years.

SLG has already secured Rs. 585 million ($2 million) in funding from Saudi Bugshan Group and Karandaaz Pakistan. The public offering provides investors access to a discounted book value of the company.

With a fleet of 283 transport vehicles, Secure Logistics Group Limited anticipates a revenue increase of 28 percent in 2024. The IPO launch comes amid a sluggish IPO market in Pakistan last year, with only one business going public and raising approximately $1.6 million amid investor concerns over economic stability.

Latest articles

Ecosystem

NIC Islamabad Hosts IFC Director Simon Andrews for Capital Dialogue

NIC Islamabad hosted Simon Andrews, IFC Director for Pakistan, Afghanistan, Tajikistan and Turkmenistan, and Sahar Etezaz, IFC Country Officer, for a dialogue on connecting Pakistani startups with global capital, investment, and strategic partnerships to accelerate ecosystem growth.
Investments

Revora Raises 2 Million Dollars for AI Commerce Platform

Revora, formerly known as MyAlice and co-founded by Shuvo Rahman and Daniyal Baig, has raised 2 million dollars in seed funding co-led by i2i Ventures and Oraseya Capital to build an AI operating platform for e-commerce merchants, with growth focused on Saudi Arabia.
Fresh

Maqsad Launches AI for Educators Course Starting June 29

Maqsad, Pakistan's leading EdTech platform, has launched AI for Educators, a hands-on course taught by Abdul Haseeb starting June 29, 2026, teaching teachers and university faculty to use AI tools including Claude, ChatGPT, Gemini, and ElevenLabs to improve teaching quality and productivity.
Policy

IPO Pakistan Invites Inventors to Join WIPO Patent Support Program

Intellectual Property Organization of Pakistan is inviting inventors to apply for the WIPO Inventor Assistance Program, offering free legal support to file patents in Pakistan and internationally for those who lack the resources to protect their inventions. Apply at iap.wipo.int.

More like this

Ecosystem

NIC Islamabad Hosts IFC Director Simon Andrews for Capital Dialogue

NIC Islamabad hosted Simon Andrews, IFC Director for Pakistan, Afghanistan, Tajikistan and Turkmenistan, and Sahar Etezaz, IFC Country Officer, for a dialogue on connecting Pakistani startups with global capital, investment, and strategic partnerships to accelerate ecosystem growth.
Investments

Revora Raises 2 Million Dollars for AI Commerce Platform

Revora, formerly known as MyAlice and co-founded by Shuvo Rahman and Daniyal Baig, has raised 2 million dollars in seed funding co-led by i2i Ventures and Oraseya Capital to build an AI operating platform for e-commerce merchants, with growth focused on Saudi Arabia.
Fresh

Maqsad Launches AI for Educators Course Starting June 29

Maqsad, Pakistan's leading EdTech platform, has launched AI for Educators, a hands-on course taught by Abdul Haseeb starting June 29, 2026, teaching teachers and university faculty to use AI tools including Claude, ChatGPT, Gemini, and ElevenLabs to improve teaching quality and productivity.