February 4, 2026 (MLN): Ghani Dairies Limited’s initial public offering (IPO) has attracted strong investor interest, with participation totalling Rs5.82 billion against an issue size of Rs1.88 billion.

This reflects an oversubscription of 3.1 times, according to a from JS Global Capital Limited.

The strike price for the IPO was determined at Rs33 per share, up from the company’s floor price of Rs24 per share, following a book-building process conducted on February 2-3, 2026.

A total of 771 investors participated in the book-building, with 223 securing allocations.

The allocation breakdown highlights a diverse investor base, with mutual funds receiving the largest share of 28.47 million shares, followed by high-net-worth individuals at 26.40 million shares.

Commercial banks, insurance companies, securities brokers, and other institutional investors were also allocated significant portions, bringing the total to 78.15 million shares.

JS Global Capital, acting as the book runner for the offering, said the supplement to the prospectus has been published in today’s newspaper for investor reference and regulatory dissemination.

The IPO marked a significant milestone for Ghani Dairies as it seeks to raise capital for expansion and strengthen its market position, emphasizing continued investor appetite for consumer-facing companies in Pakistan.

The allocation across investor categories is as follows:

The IPO is a key milestone for Ghani Dairies as it raises funds to support expansion and strengthen its market position, signaling sustained investor appetite for consumer-facing companies in Pakistan.

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