Agro Processors & Atmospheric Gases Limited (APAG), the manufacturer behind Soya Supreme, one of Pakistan’s most recognized cooking oil brands and a household name, marked its listing on the Pakistan Stock Exchange (PSX) with a Gong Ceremony held at the PSX headquarters today.
With a 45-year heritage, APAG has grown into a diversified house of consumer brands, including Soya Supreme Cooking Oil & Banaspati, Soya Supreme Olive Cooking Oil, Malta, Smart Sauces, Supremo, and Taqat Margarine. While Soya Supreme remains the brand most closely associated with APAG among consumers, the company now serves millions through its growing portfolio across multiple categories.
The company’s public offering comprised 58.049 million ordinary shares, representing 15% of post-IPO paid-up capital. Of this, 43.537 million shares were offered through the Book Building process at a floor price of PKR 32.00 and ceiling of PKR 44.80, with the strike price discovered at PKR 33.00 per share. The Book Building portion was oversubscribed 1.84 times, while the General Public portion was oversubscribed 1.83 times, attracting PKR 878 million against PKR 479 million offered.
Speaking at the ceremony, Mr. Ahmed Chinoy, H.I.S.I., Shareholder Director of PSX, stated: “It is a privilege to welcome Agro Processors & Atmospheric Gases Limited to the Pakistan Stock Exchange. This Gong Ceremony marks the 12th listing of the calendar year and the 4th of the fiscal year, underscoring the strong momentum of Pakistan’s capital market. APAG’s admission is particularly significant as the company behind Soya Supreme, a household brand trusted by generations, now joins the listed community.”
He added: “The successful IPO reflects investor confidence in Pakistan’s consumer sector. The offering of 58 million shares was oversubscribed nearly twice over, with strong participation from both institutional and retail investors. This milestone highlights the resilience of our capital market and the appetite for companies with strong fundamentals and brand equity.”
Mr. Chinoy concluded: “With investor accounts now exceeding 630,000, driven by Millennials and Gen Z, Pakistan’s capital market continues to expand its base and demonstrate long-term growth potential. We congratulate APAG and look forward to its continued success as part of the PSX family.”
Mr. Ahmad Aziz Ghulamhussain, CEO – APAG, described the listing as a proud milestone and the beginning of a new chapter for the company.
“This is a very proud moment for everyone at APAG, a company that has been shaped by the dedication of our people, the trust of our consumers and the support of our stakeholders. Our brand, Soya Supreme, is a major name within Pakistani households, and we are incredibly proud of the place our brands have earned in people’s lives. We are proud of how far we have come, and excited about the journey ahead. “
Looking ahead, Mr. Ghulamhussain highlighted APAG’s ambition to strengthen its existing brands, expand into new categories and create greater value for its stakeholders.
“To mark APAG’s listing on the Pakistan Stock Exchange is a significant milestone in our journey, but it is not the destination. It is the beginning of a new chapter. Our ambition goes well beyond the brands and markets we serve today. We want to continue expanding our portfolio and taking our brands to new markets. We are trusted by millions today, but our vision is to build brands that are trusted and used by billions of consumers around the world.”
Mr. Ghulamhussain also expressed his appreciation to APAG’s employees, consumers, investors and business partners, as well as the Pakistan Stock Exchange, Securities and Exchange Commission of Pakistan, KTrade Securities, HBL and other advisors and transaction partners who supported the IPO and listing process.
Commenting on the occasion, Mr. Omar Salah Ahmed, Managing Director, KTrade Securities Limited, said: “APAG is a great company and a welcome addition to the Food sector at PSX, with a rich 45-year history that has seen one of Pakistan’s most recognized household names, Soya Supreme, become an integral part of everyday life. It was an honor for KTrade and me to be entrusted with bringing APAG to the Pakistan Stock Exchange. We strongly believe that, given its corporate culture, financial performance and the sponsors’ commitment to further professionalize the Company, APAG has the potential to be among the star IPOs of 2026.”
The ceremony concluded with the ceremonial ringing of the PSX Gong, marking APAG’s transition into its next chapter as a publicly listed company.
The milestone represents a significant moment for a homegrown Pakistani business whose brands have been part of everyday life for generations, while opening the door to a new phase of growth, innovation and global ambition.
