
Karachi: Ghani Dairies Limited, one of Pakistan’s leading B2B corporate dairy farms, plans to raise approximately PKR 2.5 billion ($8.9 million) through its IPO by issuing 104,200,000 new ordinary shares, representing 24.28% of post-IPO paid-up capital.
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JS Global Capital Limited has been appointed as Consultant to the Issue. Of the total issue, 75% (78,150,000 shares) will be offered through the book building method, while 25% (26,050,000 shares) will be offered to retail investors at the strike price. The issue is fully underwritten by the appointed underwriters. The floor price is PKR 24.00 per share ($0.085).
IPO Timeline:
• Registration Dates: 28th–30th January 2026 and 2nd–3rd February 2026 (registration will close at 3:00 PM on 3rd February 2026)
• Book Building: 2nd–3rd February 2026
• Public Offering: 9th–10th February 2026
Ghani Dairies operates a fully automated farm equipped with advanced milking systems, digital herd management tools, and precision feeding technologies to enhance productivity and efficiency. The company produces high-quality milk using imported heifers from Australia and the United States, maintained under modern dairy management and sustainable farming practices.
Hafiz Avais Ghani, CEO of Ghani Dairies, said the company aims to provide high-quality milk to the public and is expanding its dairy operations to better serve industry partners and the broader market. He emphasized that this is not just a dairy farm, but a vision for Pakistan’s dairy future.
The expansion will include the import of 1,250 high-yielding dairy cows, construction of milking and heifer sheds, storage silos, and silage bunkers, as well as the installation of modern milking parlours and feed systems. Their key clients, including Nestlé Pakistan Limited, IRC Dairy (Private) Limited, and Fauji Foods Limited, are clear evidence of the company’s product integrity and reliability.
Khalil Usmani, CEO of JS Global Capital Limited, said, “Responsible capital formation and long-term investor confidence have always been central to JS Global’s philosophy. In line with this vision, Ghani Dairies is being introduced to the capital market, an enterprise recognized for modern dairy farming, responsible practices, and consistent quality.”
He further added, “The IPO of Ghani Dairies is a strategic and game-changing initiative that not only advances Pakistan’s dairy sector but also supports the production of value-added dairy products for B2B customers, offering investors a strong, credible, and sustainable opportunity.” Pakistan’s Food & Personal Products sector has seen steady investor interest, supported by a resilient equity market and renewed confidence in new listings.
The Ghani Dairies IPO offers a unique opportunity for investors to gain exposure to a modern, fully automated corporate dairy farm. Growing demand for high-quality milk underscores the sector’s expansion potential and the company’s strong positioning within it.