Wahdat Poultry Farm lists on PSX

May 08, 2026 (MLN): Wahdat Poultry Farm Limited has officially joined the Pakistan Stock Exchange (PSX) Main Board, celebrated with a Gong Ceremony at the PSX Trading Hall in Karachi following the successful completion of its Initial Public Offering (IPO).

The company raised Rs956 million through the IPO process, with the strike price settling at Rs18 per share, a 50% premium over the floor price of Rs12, reflecting the strong demand the offering generated.

Investor appetite proved exceptionally healthy. The book-building portion was oversubscribed 5.2 times, while the retail segment was oversubscribed 1.2 times. A total of 2,731 retail investors participated alongside 81 individual and 24 institutional investors in the book-building phase, according to a press release issued.

Wahdat Poultry Farm CEO Air Marshal (Retd) Aurangzeb Khan called the listing "a transformative chapter" for the company, expressing gratitude to investors for their extraordinary confidence and reaffirming the company's commitment to transparency, corporate governance, and sustained value creation.

PSX Chairman Ruhail Muhammad described the listing as "a strong signal to the food and agriculture sector that the capital markets are open for business," highlighting the untapped potential of Pakistan's farming and agri-processing enterprises.

PSX CEO Farrukh H. Sabzwari pointed to the broader market momentum underpinning such listings, the KSE-100 Index has delivered a 1-year USD return of 58.09%, ranking second among regional markets, with the highest 3-year and 5-year annualized returns of 63.21% and 16.28% respectively.

PSX closed April 2026 with a record 545,000 Unique Investor Numbers, with 25,114 new accounts opened that month alone. Average monthly account openings in the first four months of 2026 reached 20,482, compared to 8,804 in 2025.

Retail participation per IPO has also surged from 2,186 investors in 2024 to 9,008 so far in 2026. PSX expects at least 12 IPOs to close in FY26.

Mohammed Sohail, CEO of lead manager Topline Securities, noted the book-building was oversubscribed more than seven times, calling Wahdat's listing "a benchmark for agricultural enterprises seeking to raise growth capital through public markets."

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