The Pakistan Stock Exchange (PSX) marked the official listing of Wahdat Poultry Farm Limited on its Main Board with a Gong Ceremony held at the PSX Trading Hall in Karachi following the successful completion of the company’s Initial Public Offering (IPO).
Wahdat Poultry Farm Limited raised Rs. 956 million through the book-building and public subscription process. The strike price was finalized at Rs. 18 per share, representing a 50 percent premium over the floor price of Rs. 12. The offering attracted strong investor participation, with the book-building portion oversubscribed 5.2 times and the retail segment subscribed 1.2 times. A total of 2,731 retail investors took part in the offering, alongside 81 individual investors and 24 institutional investors, reflecting growing confidence in Pakistan’s capital markets and increasing investor interest in the agriculture and food processing sector.
Chairman PSX Ruhail Muhammad described the listing as an important milestone for both the exchange and Pakistan’s agribusiness industry, noting that capital markets are increasingly becoming a viable funding avenue for farming and agri-processing enterprises seeking expansion and modernization. He welcomed Wahdat Poultry Farm Limited to the exchange and expressed optimism about the company’s future performance as a listed entity.
PSX Chief Executive Officer Farrukh H. Sabzwari said the listing highlights strong momentum in Pakistan’s equity market. He noted that the KSE-100 Index has delivered a one-year USD return of 58.09 percent, ranking among the top regional performers, while recording annualized returns of 63.21 percent over three years and 16.28 percent over five years. According to him, improving market performance has attracted a new wave of investors, with Unique Investor Numbers reaching approximately 545,000 by the end of April 2026 — the highest level on record. A total of 25,114 new accounts were opened in April alone, while the monthly average of new accounts during the first four months of 2026 rose to 20,482 compared to 8,804 in 2025. He added that retail participation in IPOs has expanded significantly, with average retail investors per IPO increasing from 2,186 in 2024 to 9,008 so far in 2026, representing more than a fourfold increase. He expressed confidence that FY26 could conclude with at least 12 IPO listings as PSX continues to position itself as a leading platform for capital formation.
Mohammed Sohail, CEO of Topline Securities Limited, said the firm was proud to serve as advisor and lead manager for the IPO, adding that strong investor response demonstrated sustained appetite for quality listings in Pakistan’s equity market. He noted that Wahdat Poultry Farm Limited’s successful offering could encourage more agricultural enterprises to access public markets for growth financing.
Air Marshal (Retd.) Aurangzeb Khan, CEO of Wahdat Poultry Farm Limited, said the listing represents a transformative step for the company, enabling it to strengthen its financial base while committing to higher standards of transparency and corporate governance. He thanked institutional and retail investors for their confidence and said the company aims to deliver sustainable growth and long-term value creation for shareholders.
The listing of Wahdat Poultry Farm Limited reflects increasing trust among issuers and investors in Pakistan’s capital markets, where both institutional and retail participation continues to expand. PSX reiterated its commitment to enhancing transparency, strengthening investor confidence, and supporting companies seeking capital for expansion as Pakistan’s market continues to evolve.
