Service Global Footwear Limited informed the Pakistan Stock Exchange (PSX) that its associated company, Service Long March Tyres Limited (SLM), has filed its prospectus for the listing of shares as part of a planned initial public offering (IPO).
According to a disclosure submitted to the PSX and the Securities and Exchange Commission of Pakistan (SECP), SLM plans to raise between Rs. 5.6 billion and Rs. 7.8 billion through the IPO.
The proposed offer consists of approximately 389.7 million ordinary shares at a floor price of Rs. 14.25 per share, representing a 5% stake in the company after listing.
The company said the proceeds from the offering will be used to help finance the establishment of a passenger car radial tyre manufacturing project with an estimated total cost of Rs. 22.5 billion.
The remaining funding requirements are expected to be met through long-term financing and internal cash flows.
The disclosure follows an earlier communication issued in December 2025 regarding the planned listing, the company said in its filing.
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