SE Fruits And Vegetable Secures SECP Approval For Rs. 1.92 Billion IPO

SE Fruits and Vegetable Limited has received approval from the Securities and Exchange Commission of Pakistan to matter and publish the prospectus for its Initial Public Offering of 30 million ordinary shares.

Key points

• While the general public will be able to subscribe to the shares on September 28 and 29, book building will take place on September 21 and 22.
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• The firm is targeting export revenue of around $18 million in FY2027.
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• The firm stated the shares represent 32.01 percent of its post IPO paid up capital and will be offered at a floor cost of Rs.

In practice, the firm stated the shares represent 32.01 percent of its post IPO paid up capital and will be offered at a floor cost of Rs. 40 per share. The book building process could raise the cost by up to 60 percent to Rs. 64 per share, allowing the firm to raise between Rs. 1.20 billion and Rs. 1.92 billion.

While the general public will be able to subscribe to the shares on September 28 and 29, book building will take place on September 21 and 22. Topline Securities Limited and Expansion Securities Limited are acting as joint lead managers for the problem. Karachi Gets 189 New 5G Sites Within Months.

While the remaining 7.5 million shares will be offered to the general public, of the total offering, 22.5 million shares, or 75 percent, will be offered through book building.

Notably, the firm aims to employ the further capital to strengthen its working capital, allowing it to growth seasonal procurement and processing capacity and backing higher export volumes.

SE Fruits and Vegetable generated around $4 million in export revenue during FY2026, accounting for less than 1 percent of Pakistan's approximately $470 million fruit and vegetable export market. The firm is targeting export revenue of around $18 million in FY2027. It could raise its market share to almost 4 percent.

Based in Sargodha and formerly known as Shaheen Enterprises, the firm has operated for almost three decades and exports kinnow, mangoes, potatoes and other agricultural products to more than 22 countries. Stay Connected with ProPakistani.

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Taken together, the developments around SE Fruits And Vegetable Secures SECP Approval For Rs. 1.92 Billion IPO point to a situation that is still moving, and the coming days should bring more clarity.