PSX holds Gong Ceremony on listing of Zarea Limited

February 28, 2025 (MLN): The Pakistan Stock Exchange (PSX) held a gong ceremony to celebrate the successful listing of Zarea Limited, a leading B2B e-commerce platform revolutionizing commodity trading and distribution in Pakistan.

Established in September 2020, Zarea Limited has emerged as a pioneer in the digital B2B marketplace, connecting buyers and sellers of cement, steel, agricultural biomass, and construction materials.

Zarea Limited’s listing marks the first Initial Public Offering (IPO) of 2025 on the main board of the Pakistan Stock Exchange. The IPO concluded with an oversubscription of 1.9 times, raising a total of Rs1.03 billion through the book-building process.

Speaking at the ceremony, Mr. Farrukh H. Sabzwari, MD & CEO of PSX, said that the successful IPO of Zarea Limited marks a significant milestone for Pakistan’s capital market, reflecting growing investor confidence in technology-driven enterprises.

This achievement underscores the strength and vibrancy of PSX as a platform for fostering innovation and entrepreneurial growth.

"We congratulate Zarea Limited on this remarkable journey and look forward to supporting more companies in unlocking their potential through our capital market,” he added. 

Speaking at the occasion, Mr. Ali Alam Qamar, CEO Zarea Limited, said, “Today marks a defining moment for Zarea Limited as we proudly list on the Pakistan Stock Exchange. As Pakistan’s leading B2B commodities marketplace, we are on a mission to transform the industry through technology, efficiency, transparency, and innovation."

With Pakistan’s commodities market valued at over $20 billion, Zarea aims to capture at least 1-2% of this market in the next 7-10 years InshaAllah, he further stated. 

Mr. Mohammed Sohail, CEO, Topline Securities Limited, said, “Over the years, Topline Securities has been actively working towards the development of Pakistan’s capital markets in various ways. One of the key areas we’ve focused on is the introduction of new companies through IPOs, and this is something we have been pursuing aggressively."

Giving his remarks Mr. Muhammad Shahid CEO of Growth Securities, said, "This achievement is a testament to the company’s vision, leadership, and commitment to excellence. It also marks a significant milestone for Growth Securities as it is our first listing in the capacity of Joint CTI and Book Runner."

Copyright Mettis Link News