Feb 23, 2026
The gong ceremony at Pakistan Stock Exchange celebrated the official listing of Ghani Dairies Limited, the first-ever corporate dairy farm to enter Pakistan’s capital market. The company’s IPO, listed on February 20, 2025, generated an overwhelming response, raising PKR 3,438.6 million at a 37.5% premium. The book-building tranche was oversubscribed 3.1 times, while the public subscription was oversubscribed 1.7 times, reflecting strong investor confidence in Ghani Dairies’ fundamentals and long-term growth strategy.
The offering attracted over 12,568 investors, with approximately 70% institutional participation, highlighting broad-based market trust. JS Global Capital Limited acted as Consultant to the Issue, playing a central role in successfully managing and executing the IPO. This landmark listing not only strengthens Pakistan’s organized dairy sector but also contributes to the continued diversification and depth of the capital market.