Pakistan’s cooking oil brand Soya Supreme maker plans IPO in July: report
Soya Supreme's parent company, APAG, plans a July IPO to raise Rs2.6 billion for plant expansion and energy investments, capitalizing on Pakistan's booming stock market.
- Soya Supreme's parent company IPO plans.
- Funding allocation for expansion and energy investments.
- Pakistan Stock Exchange's robust IPO market.
- Macroeconomic factors boosting investor confidence.
The manufacturer of Soya Supreme, one of Pakistan’s largest cooking oil brands, is planning an initial public offering (IPO) this month (July) to finance a plant expansion, reported Bloomberg on Monday.
As per the report, Agro Processors & Atmospheric Gases (APAG), the parent company of the brand Soya Supreme, plans to raise as much as Rs2.6 billion from the IPO, said CEO Ahmad Aziz Ghulam Hussain.
The company plans to use about 40% of the proceeds to increase its refining capacity by a third to 120,000 tons a year. Whereas sizable amounts of funding will be allocated to build a storage facility and investment in biomass and solar energy to reduce costs, he added.
“We need those funds to be able to accelerate our growth and also accelerate those projects,” Ghulam said.
The IPO comes as the Pakistan Stock Exchange (PSX) has observed a stock rally and surging retail participation. As per Bloomberg, 10 deals have already made 2026 the busiest on record for IPOs.
PSX has experienced a strong revival in its IPO market, particularly in 2024 and continuing with significant momentum into 2026, with new listings generally showing robust post-listing performance.
The robust IPO momentum in 2026 is a continuation of a trend driven by improved macroeconomic stability under the IMF program, coupled with positive market sentiment, high liquidity, and political stability, which encourage equity investment.
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