SE Fruits and Vegetable Secures SECP Approval for Rs. 1.92 Billion IPO
SE Fruits and Vegetable Limited received SECP clearance to launch a 30 million‑share IPO, aiming to raise up to Rs 1.92 billion for working‑capital expansion and export growth.
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Agribusiness sector gains new capital and export potential, creating a Buy bias for related PSX exposure.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- EconomyPositively affected
Companies
Companies Mentioned
- UBL· Positively affected · Buy bias
Mentions in This Briefing
Sectors: Economy — Positive · Buy bias. PSX tickers: UBL. Agribusiness sector gains new capital and export potential, creating a Buy bias for related PSX exposure.
Full Story
Open on ProPakistani## SECP Approval and Offering Details
SE Fruits and Vegetable Limited has been granted approval by the Securities and Exchange Commission of Pakistan (SECP) to issue a prospectus for its initial public offering. The company will float 30 million ordinary shares, representing 32.01 % of its post‑IPO paid‑up capital. The floor price is set at Rs 40 per share, with a book‑building range that could lift the price to Rs 64, allowing the firm to raise between Rs 1.20 billion and Rs 1.92 billion.
## Allocation of Shares
Seventy‑five percent of the shares (22.5 million) will be allocated through the book‑building process, while the remaining 7.5 million shares will be offered to the general public.
## Use of Proceeds
The capital raised will be used to strengthen working capital, expand seasonal procurement, increase processing capacity, and support higher export volumes. The company aims to boost its export revenue from roughly $4 million in FY2026 to about $18 million in FY2027, potentially raising its share of Pakistan’s $470 million fruit‑and‑vegetable export market from under 1 % to nearly 4 %.
## Company Background
Based in Sargodha and formerly known as Shaheen Enterprises, SE Fruits and Vegetable has operated for nearly three decades. It exports kinnow, mangoes, potatoes and other agricultural products to more than 22 countries.
## Market Implications
The IPO introduces a new listed player in the agribusiness segment, offering investors exposure to Pakistan’s fruit and vegetable export market. The additional capital is expected to enhance the company’s production capabilities and export footprint, which could positively influence related sectors such as agriculture‑linked services and logistics.