KARACHI: Wahdat Poultry Farm Limited was officially listed on the Pakistan Stock Exchange Main Board on Friday after successfully raising Rs956 million through its Initial Public Offering (IPO), marking a major milestone for Pakistan’s agriculture and food sector.
A special gong ceremony was held at the PSX Trading Hall in Karachi to commemorate the listing following strong investor participation in the IPO.
According to details, the company’s IPO received overwhelming demand, with the book-building portion oversubscribed 5.2 times and the retail segment oversubscribed 1.2 times.
The strike price was settled at Rs18 per share, representing a 50 percent increase over the floor price of Rs12 per share.
More than 2,700 retail investors participated in the offering, alongside 81 individual investors and 24 institutional investors during the book-building phase, reflecting growing confidence in Pakistan’s capital markets and agribusiness sector.
Speaking at the ceremony, PSX Chairman Ruhail Muhammad described the listing as a significant development for Pakistan’s farming and agriculture industry.
“The listing of Wahdat Poultry Farm Limited sends a strong signal that Pakistan’s capital markets are open for business and capable of supporting growth in the agriculture sector,” he said.
PSX CEO Farrukh H. Sabzwari highlighted the increasing momentum in Pakistan’s stock market, stating that the KSE-100 Index delivered a one-year USD return of 58.09 percent, ranking among the best-performing regional markets.
He added that investor participation had surged significantly, with Pakistan recording approximately 545,000 Unique Investor Numbers by the end of April 2026 — the highest level in the country’s history.
Sabzwari also noted that average retail participation in IPOs had increased more than fourfold over the past two years, signaling rising public confidence in equity investments.
Topline Securities Limited served as the advisor and lead manager for the IPO.
Its CEO, Mohammed Sohail, said the strong investor response reaffirmed growing appetite for quality listings in Pakistan’s equity market.
Meanwhile, Aurangzeb Khan called the listing a transformative moment for the company, saying the move would strengthen its financial position and improve transparency and corporate governance standards.
He thanked both institutional and retail investors for showing confidence in the company’s future growth potential.
The successful listing of Wahdat Poultry Farm Limited is being viewed as another positive sign for Pakistan’s capital markets, as the PSX continues attracting new companies and investors amid growing market activity.
