Barkat Frisian Agro Limited (BFGRO) first appeared on the Pakistan Stock Exchange (PSX) on Friday, March 7, where its shares rose by maximum 10 % to reach 20.02 rupees per share, in line with market expectations. The stock price reached the maximum price after a short period of opening of trading at 9:17 am, which represents an increase of 1.82 rupees compared to its initial public price (IPO) of 18.2 rupees.
A total of 10,642 shares was traded at a price covered by 9:31 am, with the rise of the KSE-100 index 867 points, as it settled at 114,580 points.
BFGRO, a joint project between the Pristian Sayyan, and the Bochsh Group in Pakistan, was officially in PSX at the Gong party this morning. Shahid Ali Habib, CEO of ARIF Habib Limited (AHL), the main subscription director, stated that stock performance was expected, which highlighted that trading outside the market witnessed shares at 25-25 rupees.
Public subscription collected 1.23 billion rupees by selling 67.74 million shares during the two -day books building phase in February, with excessive offer 4.77 times. The company aims to use funds to build a new production facility in Faisal Abad.
Barkat Frisian, which was established in 2017, specializes in high -quality garas egg products, which meet industries such as Horeca (hotels, restaurants, cafes), sauces, mayonnaise and bread.
