APAG marks PSX listing with Gong Ceremony

September 15, 2026 (MLN): Agro Processors & Atmospheric Gases Limited (APAG), the maker of Soya Supreme cooking oil, formally joined the Pakistan Stock Exchange on Tuesday with a Gong Ceremony held at the PSX headquarters.

The company's public offering consisted of 58.049 million ordinary shares, or 15% of post-IPO paid-up capital, with 43.537 million shares floated through Book Building at a floor price of Rs32 and a ceiling of Rs44.80; the strike price was eventually discovered at Rs33 per share.

The Book Building portion was oversubscribed 1.84 times, while the General Public portion drew Rs878mn in bids against Rs479mn on offer, an oversubscription of 1.83 times, said a press release issued.

The ceremony was attended by PSX Shareholder Director Ahmed Chinoy, APAG CEO Ahmad Aziz Ghulamhussain, and KTrade Securities Managing Director Omar Salah Ahmed, among other stakeholders.

Ahmed Chinoy said APAG's listing marked the 12th of the calendar year and the 4th of the fiscal year, calling it a reflection of the strong momentum in Pakistan's capital market, and noted that investor accounts have now crossed 630,000, led largely by Millennials and Gen Z.

He said the near two-times oversubscription of the 58 million share offering pointed to investor confidence in the consumer sector and the market's appetite for companies with strong fundamentals and brand equity.

Mr. Ahmad Aziz Ghulamhussain described the listing as a proud milestone and the start of a new chapter for the 45-year-old company, whose portfolio has grown beyond Soya Supreme to include Soya Supreme Olive Cooking Oil, Malta, Smart Sauces, Supremo and Taqat Margarine.

He said APAG's ambition extends beyond its current brands and markets, with plans to expand its portfolio and reach billions of consumers globally, and thanked the company's employees, consumers, investors, PSX, the Securities and Exchange Commission of Pakistan, KTrade Securities, HBL and other transaction advisors for supporting the listing process.

Mr. Omar Salah Ahmed said APAG's entry strengthens the Food sector at PSX and reflects the sponsors' commitment to professionalising the company, adding that he expects APAG to be among the standout IPOs of 2026 given its corporate culture and financial performance.

The ceremony concluded with the ringing of the PSX Gong, marking APAG's transition into a publicly listed company.

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