SECP approves Ghani Dairies IPO prospectus

The Securities and Exchange Commission of Pakistan has approved the issuance, circulation and publication of the prospectus for the initial public offering of 104.2 million ordinary shares of Ghani Dairies Limited, representing 24.28% of the company’s post-IPO paid-up capital.

The IPO will be offered through the book-building method, with 75% of the shares, or 78.15 million, allocated to institutional and high-net-worth investors. The remaining 25%, or 26.05 million shares, will be offered to retail investors.

Ghani Dairies is engaged in the production and sale of raw milk. It operates a dairy farm in Khushab and supplies raw milk to dairy processing companies.

The IPO segment has seen strong momentum in fiscal year 2025-26, with this offering marking the seventh prospectus approved by the SECP for public subscription during the year. It is also the third prospectus approved by the regulator in January.

New listings support capital market development by improving transparency and corporate governance. They also allow companies to raise long-term capital for sustainable growth while giving investors access to detailed disclosures to inform investment decisions.

The SECP said it remains committed to maintaining a supportive regulatory framework to encourage new listings and promote the continued development of the capital market.