Wahdat Poultry purchases 100,000 birds through IPO proceeds

Wahdat Poultry Farm Limited has commenced the rearing of an additional flock of 100,000 layer birds using proceeds raised through its recent initial public offering (IPO).

“Wahdat Poultry Farm Limited hereby informs that the company has commenced the rearing of an additional flock of 100,000 layer birds as part of its expansion plan funded through the proceeds of the company’s initial public offering (IPO),” read the notice.

“The rearing process has formally commenced, and the flock is expected to attain laying maturity in accordance with the planned production cycle.

“Commercial egg production from the flock is anticipated to commence in November 2026,” it added.

Last month, Wahdat Poultry Farm Limited was formally listed on the Main Board of the Pakistan Stock Exchange (PSX), following a successful IPO that raised Rs956 million and attracted strong participation from both institutional and retail investors.

The company’s IPO witnessed robust investor demand, with the strike price settling at Rs18 per share, representing a 50% premium over the floor price of Rs12 per share. The book-building portion was oversubscribed 5.2 times, while the retail segment received subscription of 1.2 times.

The IPO prospectus of Wahdat Poultry Farm said the company would utilise the funds raised through selling the shares to establish a new pasteurisation plant, rearing of additional flock, and increasing working capital for a quality-assured procurement model.

“The principal purpose of this issue is to finance capacity expansion through a capital-efficient model, meet incremental working capital requirements, and diversify into high-value segments via a new pasteurised egg production unit.”