Wahdat IPO packs a punch with 5x oversubscription

MG News | April 22, 2026 at 09:56 AM GMT+05:00

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April 22, 2026 (MLN): The initial public offering (IPO) of Wahdat has drawn strong investor interest, with the book building phase oversubscribed by five times, signaling robust demand and market confidence.

The strike price was set at Rs18 per share, marking a 50% increase from the floor price of Rs12.

A total participation of approximately Rs2,315 million was received against an issue size of around Rs446 million at the floor price, reflecting an oversubscription of 5.2x.

A total of 254 investors participated in the book building of Wahdat Poultry Farm Limited, of which 105 investors were successful.

The overwhelming response from institutional investors emphasizes confidence in Wahdat’s growth strategy, operational strength, and future outlook.

The strong subscription levels are viewed as a positive indicator for the company’s prospects as it prepares to enter the public market.

Topline Securities Limited acted as the Consultant to the Issue, facilitating the successful completion of the book building process, according to their LinkedIn post.

Following this milestone, the IPO now moves into its next phase, which includes the retail subscription period and eventual listing on the stock exchange.

A category wise breakup of successful investors is provided in the table below, according to a notice filed on PSX.

S. No	Category	No. of Bidders	No. of shares provisionally allocated
	Institutional Investors:
1	Commercial Banks	1	1,211,236
2	Development financial institutions	0	-
3	Mutual Funds	13	12,911,810
4	Insurance Companies	1	491,042
5	Investment Banks	0	-
6	Employees' Provident / Pension Funds	2	234,608
7	Leasing Companies	0	-
8	Modarabas	0	-
9	Securities Brokers	4	3,475,646
10	Foreign Institutional Investors	0	-
11	Any other Institutional Investors	3	1,675,160
	Total Institutional Investors	24	19,999,502

	Individual Investors:
12	Foreign Investors	0	-
13	Local	81	17,172,143
	Total Individual Investors	81	17,172,143
---	---	---	---
	GRAND TOTAL	105	37,171,645

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