Institutional and retail investors set to participate as company eyes expansion and value‑added product growth
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted formal approval for the initial public offering (IPO) of Wahdat Poultry Farms Limited, greenlighting the company’s plan to list on the Pakistan Stock Exchange (PSX) and raise approximately Rs637 million to fuel strategic growth.
Under the approved offer structure, Wahdat Poultry will issue 53.1 million shares, consisting of 50 million new shares and 3.1 million existing shares to be offered through a book‑building mechanism. Of the total allocation, 70 percent will be reserved for institutional investors and high‑net‑worth individuals, with the remaining 30 percent earmarked for retail investors, reflecting a balanced approach to broad investor participation.
This offering represents the eighth IPO on the Pakistan Stock Exchange in the current financial year, underscoring a stable and resilient capital market environment, according to SECP Chairman Dr. Kabir Sidhu. “Pakistan’s capital markets are strong and stable, and the successful listing of companies such as Wahdat Poultry augurs well for investor confidence and corporate growth prospects,” he commented.
Wahdat Poultry Farms operates four fully automated layer farms with a combined capacity of approximately 430,000 birds, producing up to 400,000 eggs per day. Originally established in 2006, the business transitioned into a public limited company as part of its long‑term strategic vision to expand operations and diversify into value‑added egg products, such as processed and packaged egg offerings.
Management has stated that proceeds from the IPO will be directed toward expanding production capacity, enhancing grading and packaging infrastructure, and accelerating the company’s entry into higher‑margin, value‑added segments within the poultry value chain.
Financial performance data indicates robust growth over recent years. Wahdat Poultry’s annual revenue increased from Rs1.23 billion in FY2021 to Rs2.79 billion in FY2025, while profit after tax reached Rs241.9 million in FY2025, reflecting improved operational efficiencies and market penetration.
The company’s vertically integrated business model — spanning egg production, grading, packaging, and distribution — positions it to benefit from rising consumer demand for quality poultry products and increasing retail market sophistication across Pakistan. Investors and market analysts are closely watching the IPO as an indicator of renewed investor interest in the agribusiness and food‑production sectors, particularly amid growing domestic consumption and broader calls for strengthening the agricultural value chain.
