KARACHI: Ghani Dairies Limited plans to raise around Rs2.5 billion through an initial public offering, marking Pakistan’s first-ever listing of a corporate dairy farm on the Pakistan Stock Exchange (PSX).
The company will issue 104.2 million new ordinary shares, representing 24.28 per cent of its post-IPO paid-up capital. JS Global Capital Limited has been appointed as consultant to the issue.
Of the total offering, 75 per cent will be offered through book building, while 25 per cent will be allocated to retail investors at the strike price. The floor price has been set at Rs24 per share, and the issue is fully underwritten.
Book building is scheduled for February 2 and 3, 2026, followed by the public offering on February 9 and 10, after registration closes on February 3.Ghani Dairies operates a fully automated dairy farm using advanced milking systems, digital herd management and precision feeding technologies. The company supplies milk to major B2B clients, including Nestle Pakistan, IRC Dairy and Fauji Foods.
Proceeds from the IPO will support expansion plans, including the import of high-yield dairy cows and investment in modern infrastructure and equipment.JS Global Capital said the listing reflects growing investor interest in Pakistan’s food and personal products sector and offers exposure to a modern, technology-driven dairy business.
