Karachi: Agro Processors & Atmospheric Gases Limited (APAG), the company behind the renowned cooking oil brand Soya Supreme, marked its successful initial public offering (IPO) and subsequent listing on the Pakistan Stock Exchange (PSX) with a Gong Ceremony at the PSX headquarters. The event, which took place today, signifies a new chapter for the 45-year-old firm as it expands its presence in the capital market and seeks broader growth opportunities.

According to Pakistan Stock Exchange Limited, APAG's public offering involved 58.049 million ordinary shares, representing 15% of its post-IPO paid-up capital. The Book Building process saw 43.537 million shares offered at a floor price of PKR 32.00 and a ceiling of PKR 44.80, with the strike price determined at PKR 33.00 per share. The offering was met with strong interest, as the Book Building portion was oversubscribed 1.84 times and the General Public portion 1.83 times, garnering PKR 878 million against the PKR 479 million offered.

Ahmed Chinoy, a Shareholder Director at PSX, highlighted the significance of APAG's listing, noting that it underscores the robust momentum of Pakistan's capital market. He emphasized the investor confidence in the country's consumer sector, as evidenced by the oversubscription of the IPO and strong participation from both institutional and retail investors.

APAG's CEO, Ahmad Aziz Ghulamhussain, described the listing as a proud milestone for the company, which has been a staple in Pakistani households through its Soya Supreme brand. He expressed the company's ambition to strengthen existing brands and explore new categories, with a vision to expand APAG's reach to billions of consumers worldwide.

Omar Salah Ahmed, Managing Director of KTrade Securities Limited, echoed the positive sentiment, describing APAG as a valuable addition to the food sector at PSX. He praised the company's corporate culture and financial performance, seeing it as a potential standout IPO of 2026.

The ceremony concluded with the ringing of the PSX Gong, marking APAG's transition into its next phase as a publicly listed entity, poised for further growth and international expansion.