Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

AI experts urge US-China collaboration at Shanghai conference

July 26, 2025

Why high-earning Americans do not feel rich

July 26, 2025

China calls for global AI centre to reverse ‘fragmented trend’ as US tech rivalry deepens

July 26, 2025
Facebook X (Twitter) Instagram
Saturday, July 26
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Barkat Frisian Agro shares surge 10% on PSX debut, hit upper limit at Rs20.02 – Markets
Economist Intelligence

Barkat Frisian Agro shares surge 10% on PSX debut, hit upper limit at Rs20.02 – Markets

adminBy adminMarch 7, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 56


In line with market expectations, shares of Barkat Frisian Agro Limited (BFAGRO) surged by the maximum allowed 10% in its debut public trade, hitting the upper limit of Rs20.02 per share at the opening of the Pakistan Stock Exchange (PSX) at 9:17am today (Friday, March 7).

BFAGRO’s share price opened at Rs20.02, marking an increase of Rs1.82 or 10%, compared to its Initial Public Offering (IPO) price of Rs18.2 per share.

The stock recorded trade in 10,642 shares at the cap price this morning with the benchmark KSE-100 Index gaining 867 points to hover at 114,580 points at 9:31am.

BFAGRO – a joint venture of Frisian Egg Group of Netherlands and Pakistan’s Buksh Group – got formally listed at PSX in a gong ceremony this morning.

The lead manager to the IPO, Arif Habib Limited (AHL), CEO Shahid Ali Habib, told Business Recorder that BFAGRO’s share price hitting the upper limit “was expected”.

“This stock traded at even Rs24-25 in the off-market,” he said.

Last month, the company hit the maximum price limit of Rs18.20/share in a two-day book-building phase of IPO on Feb 17-18, raising equity worth Rs1.23 billion after selling 67.74 million shares at the bourse.

This was the second IPO this year, after Zarea Limited, one of Pakistan’s largest commodities B2B platforms, raised Rs1.03 billion by selling 62.5 million shares last week.

Barkat Frisian opened the bidding (book-building) process on Feb 17 at the minimum (floor) price of Rs13/share. It rose by the maximum allowed limit of 40%, hitting cap price/strike price at Rs18.20/share, said Habib

Accordingly, the company raised additional equity worth almost Rs353 million against the set minimum target of Rs880 million, receiving total equity worth Rs1.23 billion.

Barkat Frisian IPO oversubscribed, hits maximum price on opening day

The issue size of 67.74 million shares got oversubscribed by 4.77X in value-term, attracting total bids worth Rs4.2 billion against the minimum set target of Rs880 million at the floor price of Rs13/share, according to AHL.

Habib further said that the company will use proceeds from the IPO to establish a new production facility in Faisalabad.

Established in 2017, Barkat Frisian specialises in high-quality pasteurised egg products, including whole eggs, yolks, whites, and derivatives, catering to the HoReCa (hotel, restaurant, and cafe) sector, sauces, & mayonnaise industry, as well as the baking & confectionery market.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Digital sectors: Minister, Chinese envoy vow to deepen cooperation – Business & Finance

July 26, 2025
Economist Intelligence

PIDE holds seminar: Country’s macro-economic indicators show signs of improvement – Business & Finance

July 26, 2025
Economist Intelligence

Customs data purge raises red flags over audit integrity – Business & Finance

July 26, 2025
Economist Intelligence

Dollar shortage creating concern among business community: Mian Zahid – Business & Finance

July 26, 2025
Economist Intelligence

Fisheries, dates exports: Junaid vows to develop Gwadar Port to earn $850m annually – Business & Finance

July 26, 2025
Economist Intelligence

PBF urges MPC, SBP chief to announce interest rate at 6pc – Business & Finance

July 26, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Digital sectors: Minister, Chinese envoy vow to deepen cooperation – Business & Finance

July 26, 2025

PIDE holds seminar: Country’s macro-economic indicators show signs of improvement – Business & Finance

July 26, 2025

Customs data purge raises red flags over audit integrity – Business & Finance

July 26, 2025

Dollar shortage creating concern among business community: Mian Zahid – Business & Finance

July 26, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • AI experts urge US-China collaboration at Shanghai conference
  • Why high-earning Americans do not feel rich
  • China calls for global AI centre to reverse ‘fragmented trend’ as US tech rivalry deepens
  • China’s PLA Daily outlines image redemption checklist for political officers
  • Climate chaos is threatening Pakistan’s food security. Can it adapt in time?

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

AI experts urge US-China collaboration at Shanghai conference

July 26, 2025

Why high-earning Americans do not feel rich

July 26, 2025

China calls for global AI centre to reverse ‘fragmented trend’ as US tech rivalry deepens

July 26, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.