Agro Processors & Atmospheric Gases IPO bidding to begin Aug 27

Agro Processors & Atmospheric Gases Limited has moved ahead with the book building stage of its IPO, after both the SECP and PSX cleared its prospectus for circulation and publication, according to Mettis Global. The company plans to sell 58,049,541 ordinary shares in total, and 43,537,156 of them, or 75 per cent of the issue, will go through book building.

The offer carries a floor of Rs32 per share and a ceiling of Rs44.80, reached through a band of up to 40 per cent. Eligible participants need to register with PSX only once, while first-time NCCPL clearing members must email their name, contact person, email and mobile details to the exchange. Bidding is scheduled for 27 and 28 August 2026, between 9:00 AM and 5:00 PM on each date.

Registration with PSX is open from 20 to 28 August 2026, with registration on the final bidding day closing at 3:00 PM. Bidders must also lodge an interest notice with NCCPL, and the two bodies have jointly released a procedure and user manual for the bidding system. Successful bidders must settle final payments by 31 August 2026, the same day unsuccessful bids receive margin refunds.