Ghani Dairies Limited plans to raise about Rs 2.5 billion ($8.9 million) through an initial public offering, in what would be the country’s first listing by a large-scale, automated dairy farm. the Pakistani corporate dairy farming company will issue 104.2 million new shares, representing 24.28 percent of its post-IPO paid-up capital, with 75 percent of the offering allocated through book building and the remainder offered to retail investors, according to a statement by JS Global Capital, the consultant to the issue.  According to  Hafiz Avais Ghani, chief executive officer of Ghani Dairies,  this is not just a dairy  project but a vision for Pakistan’s dairy future. the company will expand capacity to better serve industrial clients and the broader market.      Ghani Dairies operates a fully automated dairy farm using imported high-yielding cattle and digital herd-management systems, supplying milk primarily to large food and dairy processors. Its expansion plan includes the import of 1,250 dairy cows, construction of additional milking and heifer sheds, storage facilities and the installation of modern feeding and milking systems.   The company’s customers include Nestlé Pakistan, IRC Dairy, and Fauji Foods, according to the statement. (ICE ISLAMABAD)

Fonte notizia: arab news