Wahdat Poultry Farms plans to raise PKR 637 million through an initial public offering on the Pakistan Stock Exchange, with the company’s prospectus now available for public comments on the exchange’s website.
Topline Securities, acting as lead advisor and arranger, launched the IPO process, under which the company will offer 53.1 million shares at a floor price of PKR 12 per share. The shares represent 15.84% of Wahdat’s post-IPO paid-up capital, according to the prospectus.
Vertically integrated egg producer
Wahdat Poultry Farms operates the “Farm Fresh Eggs” brand and is described as a prominent player in Pakistan’s growing packaged and enriched egg segment.
The company runs a fully vertically integrated business model that includes in-house feed production, its own packaging plant and a distribution network. The company said it is currently operating at full capacity.
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