Karachi: Agro Processors and Atmospheric Gases Limited, known by its trading symbol "SOYASUP", has successfully navigated its Initial Public Offering (IPO) with substantial interest from investors. According to a report dated August 31, 2026, KTrade Securities Limited confirmed that the strike price for the offering was set at PKR 33.00 per share, following a Book Building process conducted on August 27 and 28, 2026.
The IPO was notably oversubscribed at a rate of 1.84 times, with the total participation reaching approximately PKR 2,563 million against an initial issue size of PKR 1,393 million. This strong demand underscores the confidence investors have in the prospects of the company, which operates in the designated market category of Agro Processing and Atmospheric Gases.
According to information available from the Pakistan Stock Exchange (PSX), a total of 189 investors took part in the Book Building exercise, with 149 investors emerging successful. The allocation of shares was distributed among various categories of investors. Individuals were allocated 14,884,487 shares, while mutual funds received 3,376,188 shares. Insurance companies were allocated 4,290,000 shares. Employee Provident and Pension Funds secured 285,700 shares. Other institutions and corporates were allocated a total of 9,561,458 shares, TREC Holders received 2,964,323 shares, and Development Financial Institutions were allocated 8,175,000 shares, culminating in a total of 43,537,156 shares allocated.
This successful IPO marks a significant milestone for Agro Processors and Atmospheric Gases Limited as it steps into the public market, bolstered by a diverse and substantial investor base.