SECP approves Wahdat Poultry IPO to raise Rs637 million

The Securities and Exchange Commission of Pakistan (SECP) has approved the initial public offering of Wahdat Poultry Farms Limited, allowing the company to proceed with its listing on the Pakistan Stock Exchange.

According to SECP, the IPO will involve the sale of 50 million new shares along with 3.1 million existing shares through a book-building process.

Under the offer structure, 70% of the shares will be allocated to institutional investors and high-net-worth individuals, while the remaining 30% will be offered to retail investors.

The listing marks the eighth IPO at the Pakistan Stock Exchange during the current financial year. “Pakistan’s capital markets are strong and stable,” said SECP Chairman Dr Kabir Sidhu.

Wahdat Poultry currently runs four automated layer farms with a capacity of approximately 430,000 birds and produces up to 400,000 eggs per day.

The company had earlier announced plans to raise around Rs637 million through the IPO to support expansion of production capacity and diversification into value-added egg products.

Founded in 2006 and later converted into a public limited company, Wahdat Poultry operates a vertically integrated business covering egg production, grading, packaging and distribution.

Financial data shows revenue increased from Rs1.23 billion in FY2021 to Rs2.79 billion in FY2025, while profit after tax reached Rs241.9 million in FY2025.