Wahdat Poultry Farm Limited Makes Strong PSX Debut After PKR 956 Million IPO, Signals Growing Investor Confidence in Agribusiness Sector

Wahdat Poultry Farm Limited has officially been listed on the Pakistan Stock Exchange (PSX) following a ceremonial gong event held at the PSX Trading Hall in Karachi, marking a significant addition to the country’s Main Board after a successful Initial Public Offering (IPO).

The company raised PKR 956 million through a combined book-building and public subscription process. The IPO saw strong investor demand, with the strike price settled at PKR 18 per share—representing a 50% increase from the floor price of PKR 12.

Investor participation was notably strong, with the IPO oversubscribed 5.2 times in the book-building phase and 1.2 times in the retail segment. A total of 2,731 retail investors participated, alongside 81 individual and 24 institutional investors, reflecting growing confidence in Pakistan’s capital markets and the agribusiness sector.

Speaking at the listing ceremony, Pakistan Stock Exchange Chairman Ruhail Muhammad described the event as a milestone for both the exchange and Pakistan’s agricultural economy. He noted that agribusiness and farming enterprises represent a major untapped sector for capital market financing and welcomed Wahdat Poultry Farm into the PSX ecosystem.

PSX CEO Farrukh H. Sabzwari highlighted strong market performance indicators, including significant gains in the KSE-100 Index and record investor activity. He stated that Pakistan’s capital market is witnessing rising retail participation, with over half a million unique investor accounts and a sharp increase in IPO participation over the past two years. He added that FY26 is expected to close with at least 12 IPOs, reflecting sustained market momentum.

Topline Securities CEO Mohammed Sohail, who served as advisor and lead manager for the IPO, said the strong oversubscription demonstrated robust investor appetite for quality listings. He noted that Wahdat Poultry Farm’s debut could serve as a benchmark for other agricultural enterprises seeking growth capital through public markets.

Air Marshal (Retd) Aurangzeb Khan, CEO of Wahdat Poultry Farm Limited, described the listing as a transformative milestone for the company. He emphasized that entering the capital market strengthens transparency, governance, and long-term growth potential. He expressed gratitude to both institutional and retail investors for their strong support and confidence in the company’s future.

The successful listing underscores increasing trust in Pakistan’s equity markets, with both institutional and retail investors playing a growing role in economic participation. PSX reiterated its commitment to supporting capital formation, enhancing transparency, and facilitating more listings to drive Pakistan’s economic transformation.