Applied for SE Fruits IPO? Your Refund Is on Its Way

According to Mettis Global, people who put money into SE Fruits and Vegetable Limited (SEFL) are getting it returned after the company's Rs1.2 billion public share sale. Brokers and major investors involved in the bidding phase report that repayment has reached them, and retail applicants are still waiting as their refunds go through processing. Unnamed insiders told the outlet the offering has been called off and that everyone should be paid within 48 hours.

The Pakistan Stock Exchange has not yet issued any notification, according to the report. The news surfaced two weeks after applications closed on September 29, and the PSX deadline for share allotment and refunds lapsed on October 6 without any public explanation.

The outlet plans further updates once refund payments are finished and once the PSX and the company release official notices. The matter is still unfolding, so no official statement has confirmed the offering's current status.