SECP approves IPO of Agro Processors & Atmospheric Gases Limited

Business Recorder reported that the SECP has given the go-ahead for an initial share sale by Agro Processors & Atmospheric Gases Limited, which will then trade on the Pakistan Stock Exchange. The offer covers 58,049,541 shares, equal to 15% of the company's capital after the issue. Shares will be allocated through the book-building method.

Of the shares on offer, 75% will go to institutional and high-net-worth investors, while 25% is reserved for retail buyers. The business is involved in edible oils, vanaspati and margarine, alongside spices and sauces. About 40% of the proceeds will fund a one-third increase in refining capacity, taking annual output to 120,000 tons, while larger sums go to a storage facility and to investments in biomass and solar energy firms meant to cut costs.

The exchange's IPO market has rebounded strongly, particularly from 2024, and momentum remains significant into 2026. Recently listed companies have generally posted solid performance after their debut. Business Recorder linked this run to a stable macroeconomic backdrop under the IMF programme, positive sentiment, ample liquidity and political stability, which together encourage equity investment.