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Investment Banking

HBL offers full-service Investment Banking capabilities to its clientele. This year alone, HBL has closed over thirty transactions with a cumulative worth of over USD 2 billion. This is a testament to the out-of-box thinking and the innovative products we bring to our customers.

The Investment Banking Group functions in three specialist business areas: Project Finance, Debt Capital Markets & Syndications and Equity Capital Markets & Advisory.

Project Finance

The bulk of HBL’s project finance practice revolves around the power sector. Prior to the power policy of 2002, HBL actively pioneered Project Finance in Pakistan through the funding of a gas-fired co-generation plant (94 Megawatts of power and desalination of 3 million gallons per day). Subsequent to the 2002 power policy, HBL continues to play a fervent role in the sector and is the only Investment Bank that was Lead Advisor to all IPP transactions that achieved financial close. In the fertilizer sector, HBL financed the largest local currency financing in Pakistan, worth PKR 23 billion, as well as a green field venture in the telecom sector worth PKR 12 billion.

Debt Capital Markets & Syndications

Depending on the requirements of its customers, HBL offers a variety of products, including syndications, securitizations, privately placed and listed TFCs, term finance facilities, commercial papers, etc. HBL played the lead role in a number of significant debt transactions, including PKR 15.14 billion TFC issue (the largest privately placed issue in Pakistan), the first bond offering for any microfinance institution in all of Asia, credit enhancement for a rapidly growing company in the consumer durables sector and numerous tier-2 capital transactions for commercial banks.

Equity & Advisory

HBL offers a breadth of equity and advisory products including innovative capital raising techniques, restructurings, public and private equity placements and mergers & acquisitions. The HBL team played a pivotal role across several sectors, including energy, agriculture, consumer products, fertilizers, etc., for raising various forms of equity and quasi-equity. Recently, HBL structured a convertible debt note with a built-in Put feature for a US-based provider of agriculture technology and dairy solutions – a first of its kind transaction in Pakistan. HBL also provides valuation for a company in the food and beverages sector.

Upcoming IPO of TPL Trakker Ltd.


About TPL Trakker Ltd.

 TPL Trakker is a market leader with over 19 years of expertise in Connected Car, Data Mapping, Location Services and Industrial IoT solutions. TPL Trakker is the dominant player within the telematics space with 42% market share, the largest nationwide operational coverage and 100% market share in digital mapping & IoT solutions. TPL are recognized by the Survey of Pakistan and are aggressively accumulating, digitizing and maintaining geospatial data to offer location-based-services to ride hailing & e-commerce companies in the short-term and autonomous cars in the medium to long term.

About the IPO

TPL Trakker Limited intends to raise capital in the form of equity by way of listing on the Pakistan Stock Exchange (“IPO” or “Initial Public Offering”) through a Fixed Price method. To achieve the intended equity capital issuance; The company plans to issue a total of 115,719,500 ordinary shares representing 49% of the total Post-IPO Paid-up Capital (inclusive of green shoe option) at a Fixed Price of PKR 12 per share to the general public.​

HBL’s role

HBL is the mandated Corporate Advisor and Banker to the Issue for the IPO of TPL Trakker.

Subscription Guide:

•  Investors can subscribe to the IPO through their HBL Mobile Banking App via their CDC account, for 

 more information c​lick here 

•  ​Further information on how to subscribe is mentioned in Section 12 of the prospectus.


Investors are advised to read the risk factors carefully before taking an investment decision, investors must rely on the examination of the issuer and the offer including the risks involved as disclosed in section 5 of the prospectus.

Important Documents

CDC E-IPO Payment Process.pdf  
Size: 782 KB
TPL Trakker Limited Prospectus.pdf  
Size: 8971 KB
TPL Subscription Form.pdf  
Size: 3594 KB