Ghani Dairies Limited’s Initial Public Offering (IPO) has concluded with strong investor demand, successfully raising capital to fund its strategic expansion. The book-building process, held on February 2-3, 2026, generated bids totaling Rs5.82 billion, oversubscribing the Rs1.88 billion issue size by a healthy 3.1 times.
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The final strike price was determined at Rs33 per share, a significant 37.5% premium to the company’s pre-offer floor price of Rs24. This positive pricing outcome reflects strong investor confidence in the company’s growth prospects within Pakistan’s consumer goods sector.
A total of 771 investors participated in the book-building, with 223 securing allocations. The investor base was well-diversified, showcasing interest from all major institutional categories. Mutual funds received the largest allocation of 28.47 million shares, followed closely by high-net-worth individuals with 26.40 million shares. Other significant allocations went to commercial banks, insurance companies, and securities brokers.
This successful IPO marks a key milestone for Ghani Dairies as it seeks to strengthen its market position and fund future growth. The oversubscription and premium strike price signal sustained investor appetite for well-positioned, consumer-facing companies in Pakistan’s capital markets, providing a positive indicator for the broader primary market sentiment.
The offering was managed by JS Global Capital Limited, which acted as the book runner.
