Barkat Frisian Agro soars 58%

March 13, 2025 (MLN): They say, “Don’t put all your eggs in one basket,” but investors who bet on Barkat Frisian Agro Limited (PSX: BFAGRO), a Pakistan-Dutch joint venture seem to have found a golden egg.

Drawing strong investor interest, the stock has soared 58.13% since its listing on March 7, 2025, in just 5 trading sessions, climbing from its opening price of Rs18.2 to Rs28.78 per share at the time of writing.

With a state-of-the-art production facility in Bin Qasim Industrial Park, Karachi, BFAGRO is the leading innovator in the Pakistani pasteurized egg products market. From pasteurized whole eggs to egg yolks and egg whites, the company’s top-notch products have earned a stellar reputation for quality, safety, and taste.

Our earlier deep-dive analysis hinted that BFAGRO’s growth is not just a lucky streak. The company is gaining attention owing to its strong fundamentals and a promising position in Pakistan’s agribusiness sector.

In February 2025, the book-building process of BFAGRO Initial Public Offer (IPO) concluded with an oversubscription of 16.25 times.

The IPO received an unbelievably overwhelming response from institutional investors and high-net-worth individuals as the strike price clocked in at Rs18.2 per share, a max 40% higher than the floor price of Rs13.

BFAGRO raised Rs1.23bn in total, making it the first pasteurized egg company IPO in PSX.

Looking ahead, the company is setting up a new production facility with a capacity of 12,000 tons, which is expected to bring significant cost savings in freight. This is because 80% of the raw materials come from Punjab, where the new facility is being established.

With this increased production capacity and growing export demand, the company is expecting the new plant to achieve high-capacity utilization. This will drive profitability through volumetric growth, making the financial projections quite realistic.

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