Wahdat Poultry Farms Plans Rs. 637 Million IPO

Wahdat Poultry plans to raise about Rs. 637 million through the IPO at a floor price of Rs. 12 per share, with Topline Securities as lead advisor.

The offer consists of 53.1 million ordinary shares, representing about 15.84 percent of the company’s post IPO paid up capital. The offering will be conducted through a book building mechanism, with 70 percent of shares allocated to institutional investors and 30 percent reserved for the general public.

The company operates under the “Farm Fresh Eggs” brand and is considered a prominent player in Pakistan’s packaged and enriched egg segment. Wahdat runs a vertically integrated model that includes in house feed production, automated poultry farms, packaging facilities, and its own distribution network.

Founded in 2006 and later incorporated as a company in 2019, Wahdat has played a key role in developing Pakistan’s branded egg market. The firm currently operates four automated poultry layer houses with an installed capacity of about 430,000 birds and a production capability of roughly 400,000 eggs per day.

Its products are distributed through a nationwide network covering around 1,500 retail outlets across major cities including Karachi, Lahore, Islamabad, Rawalpindi and Faisalabad.

The company also supplies major retailers and institutional buyers such as McDonald’s, while exports have expanded to Gulf markets.

Financially, the company has reported strong growth. According to the prospectus, revenue increased from about Rs. 1.23 billion in FY21 to nearly Rs. 2.79 billion in FY25, while profit after tax rose to around Rs. 241.9 million during the same period.

Wahdat plans to use the IPO proceeds mainly to expand operations and diversify its product portfolio. A significant portion of the funds will be used to establish a liquid egg pasteurization plant, expand poultry flock capacity and support working capital requirements as the company aims to meet rising demand in both domestic and export markets.

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