The Securities and Exchange Commission of Pakistan (SECP) has accorded approval for the issuance, circulation, and publication of the Prospectus for the Initial Public Offering (IPO) of 104,200,000 Ordinary Shares of Ghani Dairies Limited (GDL), representing 24.28% of GDL’s total post-IPO paid-up capital.

The IPO is being made through the book-building method, with 75% of the IPO shares (78,150,000 shares) allocated to the book-building portion and the remaining 25% (26,050,000 shares) offered to retail investors.

GDL is involved in the production and sale of raw milk. It operates a dairy farm situated in Khushab and supplies raw milk to dairy processors.

The IPO segment has witnessed exceptional momentum during FY 2025–26, with this offering marking the SECP’s seventh prospectus approved for public subscription. The approval of the prospectus also constitutes the third prospectus approved by the SECP in January 2026.

New listings catalyse capital market development by promoting greater transparency and governance. They enable issuers to mobilise long-term capital for sustainable growth, while providing investors access to detailed disclosures essential for informed investment choices.

The SECP continues to uphold its commitment to maintaining a supportive regulatory framework that promotes new listings and supports the continued development of the capital market.