Key Takeaways
- SE Fruits and Vegetable Limited, Pakistan’s first fruit exporter, plans to list on the Pakistan Stock Exchange.
- The company aims to raise between Rs. 1.2 billion and Rs. 1.9 billion through an IPO.
- Proceeds will be used for expanding processing capacity and upgrading cold-chain infrastructure.
SE Fruits and Vegetable Limited, a Sargodha-based exporter of Kinnow, mangoes, and potatoes, is set to become the first fresh fruit and vegetable exporter listed on the Pakistan Stock Exchange (PSX).
The company plans to offer shares in an initial public offering (IPO) with a price band of Rs. 40 to Rs. 64 per share, targeting a fundraising range of between Rs. 1.2 billion and Rs. 1.9 billion.
Proceeds from the listing will be directed towards strengthening working capital, expanding processing capacity, upgrading cold-chain infrastructure, and procuring larger crop volumes to meet rising international demand, according to company officials.
SE Fruits exports premium produce to markets across the Middle East, Central Asia, the Far East, Europe, and Australia, leveraging its base in Sargodha, known as Pakistan’s citrus belt.
The listing is seen as a significant milestone for Pakistan’s agricultural sector, providing investors with an opportunity to participate in the growing agriculture export industry.
Topline Securities and Growth Securities are serving as consultants for the IPO. The offering marks a rare agricultural listing on the PSX, where financials, energy, and materials stocks have traditionally dominated.
Pakistan’s fruit and vegetable exports have gained traction recently due to investments in better grading, packing, and cold-chain logistics to meet international quality standards.
