Barkat Frisian IPO oversubscribed by 16.2x 

News Image

By MG News | February 18, 2025 at 06:06 PM GMT+05:00

0:00

February 18, 2025 (MLN): The book-building process of Barkat Frisian Agro Limited’ Initial Public Offer (IPO) has concluded with an oversubscription of 16.25 times, the historic development at PSX.

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, according to the press release issued today. 

BFAL has raised Rs1.23 billion in total, making it the first pasteurized egg company IPO in PSX. 

Several brokerages had issued almost unanimous calls to ‘subscribe,’ which resulted in investor demand amounting to Rs14.25 billion against the IPO’s book-building size of Rs. 1.23 billion. 

The successful bidders will be provisionally allotted only 75% of the issue size, i.e., 50,801,250 shares, and the company will offer the remaining 25% or 16,933,750 shares to the retail investors through the general public subscription on 24th and 25th February. 
 
Arif Habib Limited is the lead manager and book runner for the IPO.   

The funds raised from equity investors will be used for building a new state-of-the-art production facility at the Special Economic Zone of Faisalabad. 

The company is currently operating a manufacturing plant in Pakistan’s commercial capital Karachi, and the new plant will increase its pasteurized eggs' production capacity by 71% to 29,000 tons per year from the existing 17,000 tons.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,065.00 106,200.00
105,910.00
315.00
0.30%
BRENT CRUDE 67.28 67.50
66.34
0.54
0.81%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.46 65.65
65.43
0.01
0.02%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg