Key Points
- Dairy farm set to raise $8.9 million through initial public offering
- Venture marks first corporate dairy IPO in Pakistan
- Funds to support farm expansion, modernisation, and supply chain growth
- Listing scheduled for next month on the Pakistan Stock Exchange
ISLAMABAD: In a first for Pakistan’s dairy industry, a corporate dairy farm is set to make its market debut next month, aiming to raise $8.9 million from the primary capital market through an initial public offering (IPO).
The move highlights growing investor interest in the country’s agribusiness sector and modern livestock enterprises.
The IPO proceeds will be used to expand dairy operations, invest in modern farming infrastructure, and secure the supply chain to meet rising domestic demand for milk and dairy products.
Corporate analysts say the listing could pave the way for other corporate farms to access capital markets.
According to market experts, the debut will be a milestone for Pakistan’s dairy sector, which traditionally remained dominated by small-scale and family-run operations. By going public, the corporate farm aims to professionalise operations, enhance production efficiency, and attract both institutional and retail investors.
Financial analysts note that the listing reflects broader trends in Pakistan’s agriculture and food industries, where private sector participation and modernisation are gaining momentum.
The IPO is expected to generate strong market interest given the country’s growing population and increasing demand for high-quality dairy products.
The company will issue 104.2 million new shares, representing 24.28per cent of its post-IPO paid-up capital, according to a statement by JS Global Capital, the consultant to the issue.
At the same time, with 75 per cent of the IPO amount allocated through book-building and the remainder offered to retail investors, according to a statement by JS Global Capital, the consultant to the issue.
Ghani Dairies operates a fully automated dairy farm using imported high-yielding cattle and digital herd-management systems, supplying milk primarily to large food and dairy processors.
Its expansion plan includes the import of 1,250 dairy cows, construction of additional milking and heifer sheds, storage facilities and the installation of modern feeding and milking systems.
