Zarea Limited is set to raise Rs. 1 billion through its Initial Public Offering (IPO) at the main bourse.
The book-building phase will be held on February 10-11, 2025, followed by the retail subscription period on February 17-18, 2025.
Topline Securities and Growth Securities are acting as joint consultants and book runners. The company will offer 62.5 million shares, representing 23.81 percent of its post-IPO paid-up capital, at a floor price of Rs. 16 per share through a 100 percent book-building mechanism.
Zarea follows a globally successful business model, similar to India’s OFBusiness and Infra. Market, which has achieved multi-billion-dollar valuations. The company has rapidly expanded since its inception in 2020, operating in over 30 cities, facilitating more than 11,000 transactions, and recording a traded volume exceeding 300,000 metric tons.
Financially, Zarea has demonstrated encouraging growth, with a 287 percent compound annual growth rate (CAGR) in net profit over the past three years and a 235 percent CAGR in revenue. Its net profit for the first half of FY25 has surpassed its full-year FY24 earnings.
Proceeds from the IPO will be used to expand operations, including investment in Agri Biomass, in-house logistics, and technology upgrades. Zarea plans to diversify into new commodity categories such as fertilizers, chemicals, and agri perishables. It also benefits from a 10-year tax holiday under the Special Technology Zone Authority (STZA) license.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
Proopakistani they can add some info by their research as well, I have already read that info the reason to read this article that on what profit basis zarea is demanding this valuation , like 2020= ? , 2021= ??…….