The Securities and Exchange Commission of Pakistan (SECP) has approved the initial public offering (IPO) of Wahdat Poultry Farms Limited.
“The sale of 50 million new shares and 3.1 million existing shares for Wahdat Poultry to be conducted via an IPO book-building,” said SECP on Wednesday.
70% cent of shares are reserved for institutions and large investors, while the remaining 30% will be offered to other investors.
Last month, Wahdat Poultry Farm Limited, a Pakistani poultry company, announced plans to list on the Pakistan Stock Exchange (PSX), aiming to raise approximately Rs637 million (USD 2.3 million) as the company looks to expand its production capacity and diversify into value-added egg products.
SECP shared that the listing marks the eighth IPO at the Pakistan Stock Exchange in the current financial year.
“Pakistan’s capital markets are strong and stable,” said SECP Chairman, Dr Kabir Sidhu.
Founded in 2006 and later incorporated as a public limited company, Wahdat Poultry operates as a vertically integrated poultry business engaged in egg production, grading, packaging and distribution. The company currently operates four automated layer farms with a capacity of around 430,000 birds, producing up to 400,000 eggs per day.
Its products are marketed under the “Farm Fresh Eggs” brand and are distributed to around 1,500 retail outlets across major cities, including Karachi, Lahore and Islamabad. The company also supplies eggs to multinational food chains and exports to select international markets.
Financially, Wahdat Poultry has recorded steady growth in recent years, with revenue rising from Rs1.23 billion in FY21 to Rs2.79 billion in FY25, while profit after tax reached Rs241.9 million in FY25.
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