The two-day book building process for the Initial Public Offering of SE Fruits and Vegetable Limited began Monday, giving investors an opportunity to participate in the public offering of the export oriented, Shariah compliant company.
The company is offering 30 million ordinary shares, representing 32.01 percent of its post IPO paid up capital, at a floor price of Rs. 40 per share. The strike price can rise by up to 60 percent, reaching a maximum of Rs. 64 per share.
At the floor price, the IPO is expected to raise Rs. 1.20 billion, while the company could raise up to Rs. 1.92 billion if the strike price reaches the upper limit.
Of the total offering, 22.5 million shares, or 75 percent, are being offered to institutional and high net worth investors through book building. The remaining 7.5 million shares, representing 25 percent of the issue, will be offered to the general public on September 28 and 29.
Topline Securities Limited and Growth Securities Limited are acting as joint lead managers for the issue.
The company plans to use the IPO proceeds mainly to strengthen its working capital, allowing it to increase seasonal procurement, expand processing capacity and meet growing international demand.
SE Fruits and Vegetable generated about $4 million in export revenue during FY2026 and plans to increase this to around $18 million in FY2027.
Based in Sargodha and formerly known as Shaheen Enterprises, the company has nearly three decades of operating experience. It exports kinnow, mangoes, potatoes and other agricultural produce to more than 22 countries.
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