Key Takeaways
- SE Fruits and Vegetable Limited has received SECP approval for an Initial Public Offering.
- The company plans to raise between Rs 1.20 billion and Rs 1.92 billion through the IPO.
- The funds will be used to strengthen working capital and increase export volumes.
SE Fruits and Vegetable Limited has secured approval from the Securities and Exchange Commission of Pakistan (SECP) for an Initial Public Offering (IPO) of 30 million ordinary shares.
The shares represent 32.01 percent of the company's post-IPO paid-up capital and will be offered at a floor price of Rs 40 per share, with a potential increase to Rs 64 per share through the book building process.
The book building process will take place on September 21 and 22, with public subscription opening on September 28 and 29.
Topline Securities Limited and Growth Securities Limited are acting as joint lead managers for the issue, with 22.5 million shares, or 75 percent, being offered through book building, and the remaining 7.5 million shares to the general public.
The company aims to use the additional capital to bolster its working capital, enabling increased seasonal procurement and processing capacity, and supporting higher export volumes.
SE Fruits and Vegetable generated approximately $4 million in export revenue during the fiscal year 2026, accounting for less than 1 percent of Pakistan’s $470 million fruit and vegetable export market.
The company is targeting export revenue of around $18 million in the fiscal year 2027, which could raise its market share to nearly 4 percent.
Based in Sargodha, SE Fruits and Vegetable has operated for nearly three decades and exports kinnow, mangoes, potatoes, and other agricultural products to more than 22 countries.
