Islamabad, Feb 17: The book-building phase for Barkat Frisian Agro’s Initial Public Offering (IPO) is set to commence today, February 17, and will continue until February 18. During this period, institutional investors and high-net-worth individuals will have the opportunity to subscribe to 100% of the total issue size.
IPO Breakdown and Subscription Details
Out of the total shares being offered, successful bidders will receive provisional allotment of 75%, equivalent to 50,801,250 shares. The remaining 25% (16,933,750 shares) will be made available to retail investors through the general public subscription phase on February 24 and 25.
The book-building process will start at a floor price of Rs. 13 per share, with the potential for the strike price to rise by Rs. 18.20, depending on investor demand. If the upper price limit is reached, the company expects to generate Rs. 1.23 billion in capital.
Read More:
Government and Private Sector Unite to Combat Counterfeit Trade Challenges
Lead Manager and Fund Utilization
The IPO is being managed by Arif Habib Limited, which serves as the lead manager and book runner for the offering. Barkat Frisian Agro aims to raise Rs. 1.23 billion by selling 67,735,000 ordinary shares to investors.
The capital raised will be utilized to develop a state-of-the-art production facility in the Special Economic Zone (SEZ) of Faisalabad. This strategic expansion aligns with the company’s growth plans, allowing it to enhance production capacity and meet increasing market demand.
Expansion and Growth Plans
Currently, Barkat Frisian Agro operates a manufacturing facility in Karachi, producing pasteurized egg products—a market segment where the company holds the distinction of being Pakistan’s sole producer.
With the addition of the new plant in Faisalabad, the company’s annual pasteurized egg production capacity will rise by 71%, increasing from 17,000 tons to 29,000 tons. This expansion is designed to meet growing domestic and international demand, strengthening the company’s market position.
A Promising Investment Opportunity
With a strong market presence, ambitious expansion plans, and increasing demand for pasteurized egg products, Barkat Frisian Agro’s IPO presents a promising investment opportunity for institutional and retail investors alike. Stay tuned as the company moves forward with its historic public listing.
