The Securities and Exchange Commission of Pakistan has approved the initial public offering of Wahdat Poultry Farm Limited, marking the eighth IPO of the current fiscal year on the Pakistan Stock Exchange and signaling continued investor interest in the capital market despite challenging economic conditions.
The offering will consist of 50 million new shares and 3.1 million existing shares, to be offered through the book-building process. Under the structure, 70 percent of the shares will be reserved for institutional and large investors, while the remaining 30 percent will be available to the general public.
The company is expected to raise around Rs. 637 million at the floor price, with the proceeds primarily aimed at expansion and working capital requirements.
SECP Chairman Dr Kabir Ahmed Sidhu said Pakistan’s capital markets remain strong and stable, adding that investing in the stock exchange has become easier and more accessible for investors.
He also urged potential investors to carefully review the prospectus before participating and encouraged them to open online accounts to take part in the IPO and contribute to economic growth.