PSX Confirms Full Refunds for SE Fruits IPO Investors

According to The Pakistan Stock Exchange (PSX) has, all funds collected from investors in the initial public offering (IPO) of SE Fruits and Vegetable Limited have been refunded to their respective bank accounts after the withdrawal of the offering.

Key points

• The PSX advised investors seeking further information or clarification to contact their respective banks or the intermediaries through which they submitted their IPO subscriptions.
• Investors with extra questions or worries can additionally contact the exchange at, according to the notice.
• Obtain the latest business news, market insights, and economic updates wherever you prefer.
• The IPO proceeded to the book building stage, but the SECP subsequently suspended further proceedings to protect investors after discrepancies emerged in the prospectus.

In a notice dated October 22, 2026, the PSX remarked the refunds were completed in accordance with a directive from the Securities and Exchange Commission of Pakistan (SECP) after the company's decision to withdraw its IPO. Investors Can Contact Banks for Details.

Notably, the PSX advised investors seeking further information or clarification to contact their respective banks or the intermediaries through which they submitted their IPO subscriptions.

SE Fruits and Vegetable Limited secured approval from the Securities and Exchange Commission of Pakistan (SECP) in September 2026 to matter and publish a prospectus for its initial public offering of 30 million ordinary shares.

In practice, the IPO proceeded to the book building stage, but the SECP subsequently suspended further proceedings to protect investors after discrepancies emerged in the prospectus.

In practice, a complaint received on September 11, two days after the prospectus approval, flagged differences between documented sales and sales tax returns for 2022 to 2026, unreported local sales in the company's 2024 income tax return, and gaps between noted sales and bank credits.

On October 13, the firm unveiled it would withdraw its existing application and refile with expanded disclosures regarding the transition of its underlying business from a partnership operating since 1998 to a public limited business incorporated in 2026.

In practice, the SECP has publicly confirmed regulatory action and rolled out a formal investigation on to examine the prospectus, the auditor's work, the matter consultant's due diligence, the Pakistan Stock Exchange's oversight and the regulator's own approval procedures. Stay Connected with ProPakistani.

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