KARACHI, May 8, 2026 – Pakistan Stock Exchange (PSX) today hosted a landmark Gong Ceremony to commemorate the official listing of Wahdat Poultry Farm Limited on the PSX Main Board. The ceremony, held at the PSX Trading Hall in Karachi, following the successful completion of its Initial Public Offering (IPO). The company raised PKR 956 million through the book-building and public subscription process, with the strike price settled at PKR 18 per share, reflecting a 50% increase from the floor price of PKR 12.
The IPO was met with strong investor interest, oversubscribed 5.2 times in the book-building portion and 1.2 times in the retail segment. A total of 2,731 retail investors participated, alongside 81 individual and 24 institutional investors in the book-building phase. This robust demand highlights the confidence of investors in Pakistan’s capital markets and the growth potential of the poultry and agribusiness business.
Speaking about the listing, Mr. Ruhail Muhammad, Chairman Pakistan Stock Exchange, stated: “The listing of Wahdat Poultry Farm Limited is a proud moment for the Pakistan Stock Exchange and a strong signal to the food and agriculture sector that the capital markets are open for business. Pakistan’s farming and agri-processing enterprises represent an enormous untapped potential, and today’s ceremony demonstrates that this sector can also access growth capital through PSX. We warmly welcome Wahdat Poultry Farm to the PSX family and look forward to their continued success as a listed company.”
Mr. Farrukh H. Sabzwari, CEO Pakistan Stock Exchange, added: “We are delighted to welcome Wahdat Poultry Farm Limited to the PSX Main Board. This listing is a testament to the robust momentum we are witnessing across Pakistan’s capital market. The KSE-100 Index has delivered a 1-year USD return of 58.09%, ranking second among regional markets, as well as the highest 3-year and 5-year annualized returns of 63.21% and 16.28% respectively, demonstrating long-term return potential of the Pakistani market. This performance is attracting a new wave of investors to our exchange as we ended April 2026 with ~545,000 Unique Investor Numbers – our highest ever – with a record 25,114 new accounts opened in April. This brings the monthly average accounts opened in first four months of 2026 to 20,482, compared to 8,804 in 2025. This surge in retail participation is further evidenced by the IPO, where average retail participation per IPO has grown from 2,186 investors in 2024 to 9,008 investors so far in 2026, a more than four‑fold increase in just two years. We expect FY26 to close with atleast 12 IPOs as we remain committed to providing a world-class listing platform for Pakistan’s most dynamic enterprises.”
Mr. Mohammed Sohail, CEO of Topline Securities Limited, commented: Topline Securities is proud to have served as the advisor and lead manager for Wahdat Poultry Farm Limited’s IPO. The exceptional response from investors, with book-building oversubscribed more than seven times, reaffirms the strong appetite for quality listings in Pakistan’s equity markets. We believe Wahdat’s listing will set a benchmark for agricultural enterprises seeking to raise growth capital through the public markets, and we look forward to their continued success on the PSX.”
Air Marshal (Retd) Aurangzeb Khan, CEO of Wahdat Poultry Farm Limited, remarked: “This listing marks a transformative chapter for Wahdat Poultry Farm Limited. By accessing the capital markets, we are not only strengthening our financial foundation but also committing ourselves to the highest standards of transparency and corporate governance. We are deeply grateful to our investors, both institutional and retail, for the extraordinary confidence they have shown in our business. The oversubscription at book-building and the strong retail response are humbling, and we are determined to reward that trust through sustained growth and value creation for all our stakeholders.”
The successful listing of Wahdat Poultry Farm Limited on PSX underscores the growing trust of issuers and investors on Pakistan’s capital markets, where both institutional and retail investors are playing an increasingly vital role. PSX continues to serve as a dynamic platform for companies to raise growth capital and for investors to participate in Pakistan’s economic transformation. The Exchange remains committed to fostering transparency, innovation, and investor confidence, paving the way for more landmark listings in the future.