The companies shared how IPO proceeds are being deployed for capacity expansion, new projects and working capital. However, the capital market remains underpenetrated with around 500,000 to 600,000 investors, representing less than one percent of the population. He said SECP is targeting 2.5 million investors through easier market access and expanded financial literacy. Its IPO attracted more than 35,000 investors, while IPO proceeds are contributing 24.6 percent of the funding for its Rs22.56 billion passenger car radial tyre project, with planned annual capacity of 2 million tyres. During the interactive session, Chairman SECP Dr. Kabir Ahmed Sidhu said SECP is simplifying digital onboarding and developing a compact mobile first application for youth and first time investors.