ZAREA LIMITED, one of the largest B2B commodity platforms in Pakistan, was appointed to launch an initial general offer (IPO) on the Pakistani Stock Exchange (PSX) to raise at least 1 billion rupees ($ 3.59 million). The company will offer 62.5 million shares, representing 23.81 % of the paid -up capital after the primary, at a price of at least 16 rupees per share through the process of building books by 100 %.
In a statement issued on Friday, Zaria said that the money collected from the public subscription will support expansion and operational improvements. An important part of the AGRI is invested, which is a growing sector as companies turn towards renewable energy solutions.
In addition, 24 % of the revenues will be used to develop an internal logistics system, which reduces dependence on third -party service providers.
The company also plans to allocate 12 % of money towards technology upgrades to improve expansion and customer experience. The remaining capital will be directed towards marketing, human resources and offices expansion.
ZAREA aims to expand its offers to seven other commodities, including fertilizers, chemicals and professionals.
Book -building phase is scheduled from February 10 to 11, 2025, followed by the retail subscription period from February 17 to 18, 2025. Securities were set in Topline and growth papers as joint and hostile consultants for the book.
The public subscription market in Pakistan witnessed a revival in 2024, when seven subscriptions reached the subscriptions, including the GEM board, compared to one only in 2023. The total capital that was raised from these offers was 8.4 billion rupees, which is the highest level in a year 2021.
