{
  "id": 9045668,
  "title": "SE Fruits, Vegetable IPO book-building process begins",
  "url": "https://urgent.news/2026/09/22/se-fruits-vegetable-ipo-book-building-process-begins",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T00:15:08.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440579/se-fruits-vegetable-ipo-book-building-process-begins"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nThe 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.",
  "summary": "KARACHI: The two-day book-building process for the Initial Public Offering (IPO) of SE Fruits and Vegetable Limited commenced at the Pakistan Stock Exchange (PSX) on Monday and will continue until September 22, with the company offering 22.5 million shares to institutional and high-net-worth investors. SE Fruits and Vegetable is offering a total of 30 million ordinary shares, representing 32.01…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}