KARACHI: Wahdat Poultry Farm Limited officially commenced trading on the Pakistan Stock Exchange (PSX) Main Board, following a significant Initial Public Offering (IPO) that raised PKR 956 million. The company's shares were launched at a strike price of PKR 18 each, marking a 50% increase from the floor price, amid robust investor demand.
According to Pakistan Stock Exchange Limited, the IPO was oversubscribed 5.2 times during the book-building phase and 1.2 times in the retail segment. The process attracted 2,731 retail investors, along with 81 individual and 24 institutional investors, highlighting the strong confidence in Pakistan's capital markets and the potential of the poultry and agribusiness sector.
Mr. Ruhail Muhammad, Chairman of Pakistan Stock Exchange, emphasized the significance of the listing, noting that it underscores the capital markets' accessibility for enterprises in the food and agriculture sector. He welcomed Wahdat Poultry Farm to the PSX, expressing optimism about the company's future success.
Mr. Farrukh H. Sabzwari, CEO of Pakistan Stock Exchange, remarked on the growing momentum in the country's capital market, citing the KSE-100 Index's impressive returns and a surge in new investor accounts. He highlighted the increase in retail participation, evidenced by the rise in average retail investors per IPO from 2,186 in 2024 to 9,008 in 2026.
Mr. Mohammed Sohail, CEO of Topline Securities Limited, which acted as advisor and lead manager for the IPO, expressed pride in the strong investor response. He suggested that Wahdat's listing sets a benchmark for agricultural enterprises seeking public market capital.
Air Marshal (Retd) Aurangzeb Khan, CEO of Wahdat Poultry Farm Limited, described the listing as a transformative step, enhancing the company's financial strength and commitment to corporate governance. He expressed gratitude to investors for their confidence, promising sustained growth and value creation.
The listing of Wahdat Poultry Farm Limited on PSX reflects the increasing trust of issuers and investors in Pakistan's capital markets, where both institutional and retail investors are playing active roles. PSX continues to offer a platform for raising growth capital and supporting economic transformation while maintaining a focus on transparency and investor confidence.