Barkat Frisian Agro Ltd, a Pakistani-Dutch joint venture and the largest egg products manufacturer in Pakistan, is gearing up for an initial public offering (IPO) in January 2025. The company aims to raise up to Rs. 1.2 billion ($4.3 million) through the offering, according to Bloomberg.
Shahid Ali Habib, CEO of Arif Habib Ltd., the lead manager and book runner for the transaction, confirmed the plans. The funds will be used to develop a new production facility in Faisalabad’s special economic zone, a key step in the company’s expansion strategy.
The new plant will enable Barkat Frisian Agro to increase its annual production capacity from 17,000 tons to 29,000 tons, addressing growing demand from both domestic and international markets. Currently, the company operates a production facility in Karachi.
Barkat Frisian Agro specializes in manufacturing and selling pasteurized eggs, egg yolks, egg whites, and customized egg-based products for food manufacturers. The company’s Dutch partner, Frisian Egg Group, brings over three decades of experience in egg product manufacturing and operates production facilities in the Netherlands, Egypt, and China.
