KARACHI: Wahdat Poultry Farm Limited was officially listed on the Pakistan Stock Exchange Main Board following a successful initial public offering that raised Rs956 million. In this regard, a gong ceremony was held on Friday.
The company’s strike price was settled at Rs18 per share, a 50 per cent premium to the floor price of Rs12. The book-building portion was oversubscribed 5.2 times, while the retail segment was oversubscribed 1.2 times, drawing participation from 2,731 retail investors alongside 81 individual and 24 institutional investors.
Chairperson of the PSX Ruhail Muhammad said the listing signalled that capital markets were “open for business” for Pakistan’s farming and agri-processing sector. CEO Farrukh H Sabzwari noted that the PSX ended April 2026 with approximately 545,000 unique investor numbers, a record high, with 25,114 new accounts opened during the month. Average retail participation per IPO has grown from 2,186 investors in 2024 to 9,008 so far in 2026, a more than fourfold increase. He said the PSX expects at least 12 IPOs to close in FY26.
Mohammed Sohail, CEO of Topline Securities, which served as adviser and lead manager for the IPO, said the investor response reaffirmed strong appetite for quality listings in Pakistan’s equity markets.
Wahdat Poultry Farm CEO Air Marshal (r) Aurangzeb Khan said the listing marked a transformative chapter for the company and committed the firm to the highest standards of transparency and corporate governance.
