ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has accorded approval for issuance, circulation and publication of the Prospectus for the Initial Public Offering (IPO) of 104,200,000 Ordinary Shares of Ghani Dairies Limited (GDL), representing 24.28 percent of the total post-IPO paid up capital of GDL.
The IPO is being made through the book building method, with seventy-five percent of the IPO shares (78,150,000 shares) being allocated to the book building portion and the remaining twenty-five percent (26,050,000 shares) offered to retail investors.GDL is involved in the production and sale of raw milk. It operates a dairy farm situated in Khushab and supplies raw milk to dairy processors.
The IPO segment has witnessed exceptional momentum during FY 2025–26, with this offering marking the seventh prospectus approved by the SECP for public subscription.
The approval of the prospectus also constitutes the third prospectus approved by the SECP in January, 2026.
New listings serve as a catalyst for capital market development by promoting higher levels of transparency and governance. They enable issuers to mobilize long-term capital for sustainable growth, while providing investors access to detailed disclosures essential for informed investment choices.
The SECP continues to uphold its commitment to maintaining a supportive regulatory framework that promotes new listings and supports continued development of the capital market.
Copyright Business Recorder, 2026
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