SE Fruits and Vegetable Limited has received approval from the Securities and Exchange Commission of Pakistan to issue and publish the prospectus for its Initial Public Offering of 30 million ordinary shares.
The company said the shares represent 32.01 percent of its post IPO paid up capital and will be offered at a floor price of Rs. 40 per share. The book building process could raise the price by up to 60 percent to Rs. 64 per share, allowing the company to raise between Rs. 1.20 billion and Rs. 1.92 billion.
Book building will take place on September 21 and 22, while the general public will be able to subscribe to the shares on September 28 and 29. Topline Securities Limited and Growth Securities Limited are acting as joint lead managers for the issue.
Of the total offering, 22.5 million shares, or 75 percent, will be offered through book building, while the remaining 7.5 million shares will be offered to the general public.
The company plans to use the additional capital to strengthen its working capital, allowing it to increase seasonal procurement and processing capacity and support higher export volumes.
SE Fruits and Vegetable generated around $4 million in export revenue during FY2026, accounting for less than 1 percent of Pakistan’s approximately $470 million fruit and vegetable export market. The company is targeting export revenue of around $18 million in FY2027, which could raise its market share to nearly 4 percent.
Based in Sargodha and formerly known as Shaheen Enterprises, the company has operated for nearly three decades and exports kinnow, mangoes, potatoes and other agricultural products to more than 22 countries.
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