Ghani Dairies Limited has officially applied for its Initial Public Offering (IPO) at the Pakistan Stock Exchange (PSX), aiming to raise Rs. 2.5 billion to expand its dairy operations in Punjab.
According to a PSX notice, the company plans to offer 104.2 million ordinary shares (face value Rs. 1 each), representing 24.28% of its post-IPO paid-up capital.
🔹 IPO Structure
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Floor price: Rs. 24 per share
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Price band: Up to 40%
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Lead manager: JS Global Capital
🔹 Share Allocation
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75% (78.15M shares): For institutional & high-net-worth investors (book building)
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25% (26.05M shares): For retail investors at the final strike price
🔹 Why the IPO?
Ghani Dairies will use the IPO funds to:
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Expand the herd
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Upgrade farm infrastructure
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Increase working capital
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Boost raw milk output
The company aims to nearly double its production from 17,840 tons (FY 2025-26) to 33,570 tons (FY 2026-27) by adding 1,000 pregnant heifers and maturing young stock.
By FY 2027-28, production is expected to reach 38,371 tons.
🔹 Company Background
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Incorporated in 2020, converted to public limited in July 2025
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Located in Noor Pur Thal, Khushab (Punjab)
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Commercial operations started in Oct 2021
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Initial herd: 210 imported heifers (USA)
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Current herd (Aug 2025): 2,487 cattle, including 1,377 milking animals
🔹 Modern Dairy Technology
The farm uses:
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KUHN TMR feed mixing machines (France)
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Automated milking parlors (USA)
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European cooling systems
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Digital herd management software
All milk is supplied to major Pakistani dairy processors under long-term agreements.
