SE Fruits & Vegetables Gets PSX Approval for Rs. 1.92 Billion IPO

SE Fruits & Vegetables Limited has received approval from the Pakistan Stock Exchange for its initial public offering, through which the firm aims to raise between Rs.

Key points

• 2.133 billion in fiscal year 2026, an growth of 24 percent from the previous year.
• Its actual kinnow exports stood at 5, 115 tonnes in fiscal year 2026.
• The Sargodha-based firm, formerly known as Shaheen Enterprises, has been exporting kinnow, mango and potato since 1998.
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• The firm will offer 30 million ordinary shares, equivalent to 32.01 percent of its post IPO paid up capital.

Notably, the firm will offer 30 million ordinary shares, equivalent to 32.01 percent of its post IPO paid up capital. The shares will have a floor cost of Rs. While the book-building process can growth the rate by up to 60 percent to a maximum of Rs, 40 each. 64 per share.

At the floor cost, the offering will raise Rs. 1.2 billion. If the shares are priced at the upper end of the range, the proceeds will reach Rs. 1.92 billion. While 7.5 million shares will be reserved for the general public, of the total offering, 22.5 million shares, or 75 percent, will be offered through book building. Japan to Fund $16.4 Million Anti-Flood Project in Sindh.

Meanwhile, the Sargodha-based firm, formerly known as Shaheen Enterprises, has been exporting kinnow, mango and potato since 1998. Its export markets include the Middle East, Far East, South Asia and Central Asia.

For context, the firm aims to employ most of the funds for working capital. Of the Rs. 1.2 billion projected at the floor rate, Rs. 940.2 million, or 78 percent, is allocated for working capital.

Another Rs. While Rs, 153.8 million is earmarked for cold chain and processing expansion. 50 million is planned for international offices in the United Arab Emirates and Uzbekistan. The firm will additionally allocate Rs. 30 million for enterprise resource planning and asset tracking systems and Rs. 26 million for solar energy and grid related investment.

SE documented net revenue of Rs. 2.133 billion in fiscal year 2026, an growth of 24 percent from the previous year. Profit after tax rose to Rs. 303.8 million. While revenue and profit after tax recorded compound annual expansion rates of regarding 28 percent and 31 percent, respectively, between fiscal year 2022 and fiscal year 2026, the firm has remained debt free since fiscal year 2024. New Pakistan Air Defense System from China Can Neutralize Drones Instantly.

Meanwhile, the firm at present has seasonal kinnow processing capacity of 36, 000 tonnes, compared with indicated demand of regarding 65, 130 tonnes from existing and potential international buyers. Its actual kinnow exports stood at 5, 115 tonnes in fiscal year 2026. The firm has identified working capital as the primary apply of the IPO proceeds.

After the planned apply of the IPO proceeds, SE has projected revenue of Rs. 5.05 billion for fiscal year 2027, representing an growth of concerning 137 percent. Profit after tax is projected at Rs. While forward earnings per share are estimated at Rs, 680 million, an growth of concerning 124 percent. 7.25. Stay Connected with ProPakistani.

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For now, SE Fruits & Vegetables Gets PSX Approval for Rs. 1.92 Billion IPO remains the part of the story worth watching, and further updates are likely as more details are confirmed.