KARACHI: The first initial public offering (IPO) of 2025 on Tuesday oversubscribed by 1.9 times.

According to Topline Securities, the book building for Zarea Ltd`s IPO received an overwhelming response at a strike price of Rs16.5 per share. This robust response reflects strong market confidence for the issuer while indicating ample liquidity in the market for IPOs, said the report.-Staff Reporter