The two-day book-building process for SE Fruits and Vegetable Limited’s Initial Public Offering (IPO) began Monday, giving institutional and high-net-worth investors an opportunity to participate in the listing of the export-focused, Shariah-compliant company.
The company is offering 30 million ordinary shares, equivalent to 32.01 percent of its post-IPO paid-up capital, at a floor price of Rs. 40 per share. The final strike price can rise by up to 60 percent, reaching a maximum of Rs. 64 per share.
At the minimum price, the IPO could raise Rs. 1.20 billion for the company. If the strike price reaches the upper limit, the total proceeds could increase to Rs. 1.92 billion.
SE Fruits and Vegetable IPO Details
Of the total shares being offered, 22.5 million shares, or 75 percent of the issue, are reserved for institutional and high net worth investors through the book building process.
The remaining 7.5 million shares, representing 25 percent of the IPO, will be offered to the general public on September 28 and 29.
Topline Securities Limited and Growth Securities Limited are serving as joint lead managers for the offering.
The IPO proceeds are primarily intended to strengthen the company’s working capital position. SE Fruits and Vegetable plans to use the additional funds to increase seasonal procurement, expand its processing capacity and respond to rising demand from international markets.
Company Targets Major Export Growth
SE Fruits and Vegetable recorded around $4 million in export revenue during FY2026 and is targeting approximately $18 million in exports in FY2027.
The company is headquartered in Sargodha and previously operated under the name Shaheen Enterprises. With nearly three decades of experience, it exports kinnow, mangoes, potatoes and other agricultural products to more than 22 countries.
The IPO comes as the company seeks to expand its processing and procurement capabilities while increasing its presence in international agricultural markets.
The public offering will give investors an opportunity to participate in the company’s planned expansion, while the IPO proceeds are expected to provide additional working capital for its export operations.
