Khaadi IPO delayed to December amid SE Fruits fiasco

Khaadi Pakistan’s planned IPO has been shifted to December 2026, Business Recorder reported, a month later than the timing previously expected. Arif Habib Limited, which is advising on the offer, confirmed the revised month to the publication. The company has not yet set dates for book-building.

Regulatory review has intensified after the SE Fruits and Vegetable offer failed to proceed in October, leading to investor funds being returned after reported irregularities. The SECP said it is reviewing Khaadi’s application through its normal process, while a PSX official said public feedback on the prospectus is being collected. Khaadi aims to raise Rs6.2 billion to Rs8.3 billion to grow its retail network, with approvals still required before book-building dates can be announced.