APAG marks PSX listing with Gong Ceremony

Mettis Link News reported that Agro Processors & Atmospheric Gases Limited (APAG), the company behind the Soya Supreme cooking oil brand, was formally listed on the PSX on Tuesday. A gong ringing at the exchange's headquarters marked the transition to a publicly listed company. The offering comprised 58.049 million ordinary shares, equal to 15% of post-IPO paid-up capital, and 43.537 million of them were sold through Book Building.

Bids were taken within a band of Rs32 to Rs44.80, and the final strike price was set at Rs33 per share. Book Building demand was 1.84 times the shares on offer, while the general public portion drew Rs878mn in bids against Rs479mn available, meaning demand was 1.83 times supply, according to the press release.

Ahmed Chinoy, a PSX shareholder director, called it the 12th listing this calendar year and the fourth this fiscal year, noting that investor accounts have passed 630,000. APAG chief executive Ahmad Aziz Ghulamhussain called it a milestone for the 45-year-old firm, whose range also includes Soya Supreme Olive Cooking Oil, Malta, Smart Sauces, Supremo and Taqat Margarine. KTrade Securities' Omar Salah Ahmed said the listing strengthens the food sector and expects APAG to rank among the most notable IPOs of 2026.