The Securities and Exchange Commission of Pakistan (SECP) has approved the initial public offering (IPO) of Agro Processors and Atmospheric Gases Limited, allowing the edible oil manufacturer to move ahead with its listing on the Pakistan Stock Exchange (PSX).

The company plans to offer 58.05 million ordinary shares, equivalent to 15 percent of its post-IPO paid-up capital, according to the regulator.

The IPO will be carried out through the book-building process. Under the approved structure, 75 percent of the offered shares will be allocated to institutional investors and high-net-worth individuals, while the remaining 25 percent will be available to retail investors.

Agro Processors manufactures and markets a wide range of consumer and industrial food products, including edible oils, vanaspati ghee, industrial fats, margarine, spices, and sauces.

The SECP has advised prospective investors to carefully review the company’s prospectus, particularly the disclosed risk factors, before making any investment decision.