Barkat Frisian Agro Limited
Initial Public Offering
PKR 1,232 Million
Lead Manager & Book Runnerr
2025
Description of Transaction:
- Arif Habib Limited (AHL) acted as the Lead Manager and Book Runner for the IPO of Barkat Frisian Agro Limited, successfully raising PKR 1,232 million for the company.
- The total offer size was PKR 880.5 million, however, the IPO received bids totalling PKR 14,248 million, resulting in an oversubscription of 16.2x.
- The strike price was set at PKR 18.20/share.
About the Issuer:
- The Company's core operations involve production of pasteurized egg products.
- Barkat Frisian Agro Limited is joint venture between Buksh Group and the Frisian Egg Group of Netherlands.
- Barkat Frisian Agro Limited is the pioneer of pasteurized egg products in Pakistan and the sole player in the industry serving the HoReCa and FMCG sector.
- The company operates a state-of-the-art manufacturing facility located at Bin Qasim Industrial Park, Karachi.