Lucky Investments IPO sets record with Rs50bn raise

KARACHI: Lucky Investments Limited has made history by executing the largest-ever mutual fund launch witnessed in Pakistan.

The newly established asset management company has raised Rs50 billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund, shattering all previous subscription records.

This landmark achievement marks an extraordinary milestone in the country’s financial sector, where investors nationwide demonstrated overwhelming confidence in the company’s first Sharia-compliant offering.

The record-breaking subscription underscores strong demand for Islamic financial products and firmly positions Lucky Investments’ place as a promising new player in the country’s asset management industry.

Lucky Islamic Money Market Fund represents the first fund in a planned series of Sharia-compliant mutual funds to be introduced by the company. Founding CEO of Lucky Investments Mohammad Shoaib expressed profound gratitude for the exceptional investor response.

“Breaking the national record with a Rs50 billion subscription in a single day is not just a milestone for Lucky Investments, but a testament to the growing strength of Islamic finance in our market,” he said. “As we prepare to launch additional funds in the coming months, we remain steadfastly committed to maintaining this momentum while delivering unparalleled customer experience and strict Sharia compliance.”