KARACHI — The Securities and Exchange Commission of Pakistan (SECP) has officially granted approval for the Initial Public Offering (IPO) of Agro Processors and Atmospheric Gases Limited, paving the way for the company’s official listing on the Pakistan Stock Exchange (PSX).
Under this IPO, the company will offer 58,049,541 ordinary shares, which represents 15% of its post-IPO paid-up capital, and the entire process will be conducted using the Book Building method. Regarding share allocation, 75% of the shares are allocated to institutional and high-net-worth investors, while the remaining 25% are reserved for retail investors.
Agro Processors and Atmospheric Gases Limited operates primarily in the manufacturing, processing, and distribution sectors, with an extensive business portfolio that includes edible oils, vanaspati, industrial fats, margarine, spices, and sauces. In light of this development, the SECP has strongly advised prospective investors to thoroughly review the company’s official prospectus and associated risk factors before making any investment decisions.
