Barkat Frisian Agro Limited, a joint venture between the Pharisee Egg Group, based in the Netherlands and the Bochsh Group in Pakistan, has witnessed that its share price of 18.20 rupees per share on the first day of its Dutch auction on the Pakistani Stock Exchange (PSX) on Monday . The company successfully collected 1.23 billion rupees by selling 67.74 million shares, which exceeds its first goal of 880 million rupees.
This is the first public offers (IPO) for the year 2025, after the ZAREA LIMITED list last week, which collected 1.03 billion rupees by selling 62.5 million shares.
Barkat Frisian started building books at a ground price of 13 rupees per share. The strong demand pushed the share price of 40 % to 18.20 rupees, which is the maximum allowed, according to Shahid Ali Habib, CEO of ARIF Habib Limited (AHL), the main manager and hostility in the public subscription.
The subscription has been increased by 4.77 times by value, and bids were attracted by 4.2 billion rupees compared to the minimum goal of 880 million rupees. Although all the allocated shares are sold at the highest possible price, PSX will continue with the second day of the Books Building process on Tuesday.
Barkat Frisian Agro Limited was founded in 2017, and is a specialist in the production of high -quality gardening egg products, including whole eggs, yolk, eggs and derivatives. Its main markets include the Horeca (hotel, restaurant, café), sauce and mayonnaise industry, bread and sweets sector.
According to AHL, the money collected from the public subscription will be used to create a new production facility in faisalabad, which expands the company’s capabilities to meet the increasing demand.
