Wahdat Poultry Farms Limited aims to use the funds raised from the IPO to expand its production capacity and diversify into value-added egg products. The offering will allocate 70% of shares to institutional and high-net-worth investors, while 30% will be available to retail investors. The company operates four automated layer farms with a capacity of around 430,000 birds, producing up to 400,000 eggs daily, and markets its products under the 'Farm Fresh Eggs' brand.
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SECP Approves Wahdat Poultry Farms IPO to Raise Funds
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The Securities and Exchange Commission of Pakistan (SECP) has approved the IPO of Wahdat Poultry Farms Limited, allowing the company to raise approximately Rs637 million through the sale of 50 million new shares and 3.1 million existing shares. This marks the eighth IPO at the Pakistan Stock Exchange in the current fiscal year, reflecting ongoing investor interest despite economic challenges.
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