The initial public offering of Wahdat Poultry Farm Limited has drawn strong investor interest, with the book building phase oversubscribed by more than five times and the strike price set at Rs. 18 per share.
According to the book building results shared by Topline Securities, the issue received bids worth Rs. 2,315 million against a floor price based issue size of Rs. 446 million. A total of 254 investors participated in the process, out of which 105 investors were successfully allocated shares.
The strike price of Rs. 18 represents a 50 percent increase over the floor price of Rs. 12, reflecting robust demand and positive investor sentiment toward the company’s growth outlook and operational performance.
Institutional investors accounted for a significant portion of the allocations, with commercial banks, mutual funds, insurance companies, and securities brokers among the key participants. Individual investors also showed strong interest, with local investors receiving a notable share of the allocation.
The book building process was conducted on April 20 and April 21, 2026, marking the successful completion of the price discovery phase of the offering.
The IPO will now move to the next stage, including retail subscription, followed by the listing of Wahdat Poultry Farm Limited on the Pakistan Stock Exchange.
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