Fast-growing companies from Kazakhstan in search of capital and an international profile are making tracks to the City of London. Furthermore, what was once a pipeline of initial public offerings predominantly from energy and mining companies has expanded to include more groups from the republic’s thriving banking and industrial sectors.

Bankers say there is appetite among investors for shares in companies from oil-rich Kazakhstan. The country has one of the fastest-growing economies in central Asia with a banking system more developed than that of its neighbours, Russia and Ukraine.