HBL to serve as corporate advisor as APAG heads toward public listing

Habib Bank Limited (HBL) has been appointed corporate advisor for Agro Processors & Atmospheric Gases Limited (APAG), which is moving toward a public market listing, according to Mettis Global. The bank shared details of the offering on LinkedIn, with book building for the initial public offering (IPO) running from August 20 to 28, 2026. Public retail subscription is slated for September 3-4, 2026.

The offering comprises 58,049,541 ordinary shares, leaving 15% in free float once the IPO is complete. The price band has a floor of Rs32 per share and a cap of Rs44.80 per share. The book building period itself falls on August 27-28.

Prospective investors will follow the book building dates and the September 3-4 retail subscription, which together set the timetable for the offer. The bank's appointment as corporate advisor puts it in a direct role in the listing process.