SE Fruits, Vegetable IPO book-building process begins

On Monday, the two-day book-building process for the Initial Public Offering (IPO) of SE Fruits and Vegetable Limited began at the Pakistan Stock Exchange (PSX). The company is offering 22.5 million shares, accounting for 75 percent of its total 30 million shares, to institutional and high-net-worth investors. The shares will be priced from Rs40 each, with the possibility of increasing by up to 60 percent, reaching a maximum of Rs64 per share.

The IPO aims to raise between Rs1.20 billion and Rs1.92 billion, depending on the final strike price determined during the book-building phase. Of the 22.5 million shares, Topline Securities Limited and Growth Securities Limited are acting as the Joint Lead Managers for the issue. SE Fruits and Vegetable plans to use the IPO funds primarily to improve its working-capital position, enabling larger seasonal procurement, increasing processing throughput, and meeting international demand for its agricultural products.

The company generated approximately USD 4 million in export revenue during FY2026 and aims to increase this to around USD 18 million in FY2027. Established in Sargodha with a history of nearly three decades, the company exports kinnow, mangoes, potatoes, and other agricultural produce to over 22 countries. SE Fruits and Vegetable represents 32.01 percent of its post-IPO paid-up capital, and the remaining 7.5 million shares will be offered to the general public on September 28 and 29.