Agro Processors & Atmospheric Gases Limited, the company behind the popular Soya Supreme cooking oil brand, is preparing to launch an initial public offering (IPO) on the Pakistan Stock Exchange (PSX) later this month as it looks to fund expansion and diversify its business.

The Karachi-based company aims to raise up to Rs. 2.6 billion, with a significant portion of the proceeds earmarked for expanding its edible oil refining capacity. The investment is expected to increase annual production capacity by nearly one-third to 120,000 tons.

The remaining funds will be used to build additional storage infrastructure and invest in renewable energy projects, including solar and biomass systems, to improve operational efficiency and reduce energy costs.

While Soya Supreme remains its flagship brand, the company is repositioning itself as a broader fast-moving consumer goods (FMCG) business. It has expanded its product portfolio beyond cooking oil to include items such as mayonnaise, ketchup, and chilli sauce, targeting new growth opportunities in Pakistan’s consumer market.

The company expects its expansion strategy to significantly boost financial performance over the next few years, with management projecting a substantial increase in revenue and profitability by 2029.

KTrade Securities has been appointed as the lead manager for the IPO.

The planned listing comes as Pakistan’s equity market continues to attract new issuers amid strong investor interest. The PSX has witnessed a surge in IPO activity this year, reflecting improving market sentiment and companies’ growing appetite to raise capital through the stock market.