Wahdat Poultry Lists on PSX After Rs956 Million IPO at Rs18 a Share

Wahdat Poultry Farm, the company behind the Farm Fresh Eggs brand, joined the Pakistan Stock Exchange Main Board in May 2026 after an IPO that drew strong demand. The offer raised about Rs956 million, with the strike price set at Rs18 per share, a 50 percent premium to the Rs12 floor. For a branded egg producer, the listing is both a fundraising event and a step into capacity expansion.

What the Wahdat Poultry IPO and listing involved

Wahdat Poultry Farm ran a book-building process that was oversubscribed about 5.2 times, with the retail portion covered 1.2 times. The offering combined 50 million new shares with 3.1 million existing shares. Strong bidding pushed the strike price to Rs18, half again above the Rs12 floor, and the total raised came to roughly Rs956 million. The company then listed on the PSX Main Board, marked with the usual gong ceremony.

Why the IPO matters for the egg producer

For a company, an IPO does two things: it brings in cash and it puts a public market value on the business. Wahdat plans to use the proceeds to grow, not just to pay down debt. About Rs270 million is earmarked for a liquid egg pasteurisation plant, which would move the company up the value chain from selling shell eggs into processed egg products that food manufacturers and bakeries buy. Another Rs180 million is set aside to add roughly 100,000 layer birds, which lifts egg output, and about Rs150 million goes to working capital and a farm licensing model. Pasteurised liquid egg is a higher-margin, longer-life product than fresh shell eggs, so the plant matters for the kind of business Wahdat becomes, not just its size. The strong oversubscription also signals genuine investor appetite for the story.

Which stocks, and why

This is a direct, company specific event for Wahdat Poultry Farm, and the read is positive. The IPO funds real expansion in both capacity and product range, and the demand for the shares was strong. It is marked at a high influence level because the fundraising and the listing are central, defining events for the company, and the proceeds are tied to projects that can reshape its earnings base. The effect is structural rather than passing, hence the long-term framing.

What to watch

The signals to track are the timeline and cost of the pasteurisation plant and the new flock, since execution turns the IPO promise into earnings, and the company's first results as a listed firm. Feed costs, which are the biggest input for egg producers, and egg prices both shape margins, so watch those. Whether the value-added egg products gain customers will show if the move up the chain is working.