Cooking oil manufacturer Agro Processors & Atmospheric Gases Ltd. is planning an initial public offering in Pakistan this month to finance a plant expansion, adding to a record year for listings in the country. The company, known for its Soya Supreme Cooking Oil brand, aims to raise capital through the public markets to fund increased production capacity.

The IPO comes amid a surge in Pakistani equity offerings, with the local bourse experiencing unprecedented listing activity in 2024. Agro Processors joins a growing pipeline of firms tapping investor appetite for consumer staple exposure in the South Asian market.

Proceeds from the share sale will primarily fund the construction of a new processing facility, enabling the company to meet rising domestic demand for edible oils. The offering is being managed by leading local underwriters, with regulatory approvals expected to be finalized within weeks.

Market analysts note the timing reflects improving macroeconomic conditions in Pakistan, including stabilizing inflation and currency markets, which have revived confidence in primary market transactions.