Pakistan’s Wahdat Poultry Farm Limited has announced plans to raise about USD 2.3 million through an initial public offering (IPO) on the Pakistan Stock Exchange (PSX), according to a prospectus issued to the exchange recently.
The company will offer 53.1 million ordinary shares, representing 15.84% of its post-IPO paid-up capital, at a floor price of USD 0.043 per share, which includes a premium of USD 0.036 per share.
Of the total amount, USD 2.1 million will be raised as fresh capital, while USD 133,681 will be generated through the sale of shares by sponsor shareholder Naved Ali Khan.
The IPO will follow the book-building mechanism, under which 70% of the shares will be allocated to institutional investors and high-net-worth individuals, while the remaining 30% will be offered to retail investors. The retail portion will be fully underwritten.
Topline Securities Limited has been appointed as the lead manager for the offering.
Capacity expansion and value-added eggs
According to the prospectus, Wahdat Poultry Farm plans to use the proceeds primarily for capacity expansion and diversification into value-added egg products.
- About USD 969,482 will be invested in establishing a liquid egg pasteurization plant, while USD 646,321 will be allocated to expand poultry capacity by adding around 100,000 birds.
- The remaining USD 538,601 will be used to support working capital requirements and the development of a farm licensing model.
About Wahdat Poultry Farm
Founded in 2006, Wahdat Poultry Farm operates a vertically integrated poultry business involved in egg production, grading, packaging and distribution.
The company currently runs four automated layer farms with a capacity of about 430,000 birds, producing up to 400,000 eggs per day.
Its products are marketed under the ‘Farm Fresh Eggs’ brand and distributed to approximately 1,500 retail outlets across major cities including Karachi, Lahore and Islamabad.
The company also supplies eggs to multinational food chains and exports to selected international markets.
Wahdat Poultry Farm has posted steady growth, with revenue rising from USD 4.4 million in 2021 to USD 10 million in 2025, while profit after tax reached USD 868,584 in 2025.