The book building phase of Service Long March Tyres Limited’s Initial Public Offering was fully subscribed within the first five seconds of opening, making it one of the fastest book building transactions in the history of the Pakistan Stock Exchange.
The strong demand came from institutional investors and high-net-worth individuals, highlighting robust interest in the offering.
The IPO is being offered within a price band of Rs. 14.25 to Rs. 19.95 per share, while the book building process is scheduled to remain open on May 18 and 19, 2026.
The company’s valuation for the IPO has been estimated at around $550 million. Management is aiming to significantly expand the company’s size over the next two years.
Arif Habib Limited, the lead manager and book runner for the transaction, appreciated the overwhelming investor participation in the book-building process.
“We sincerely thank all investors for placing their trust in Arif Habib Limited and participating in this landmark transaction.
The response reflects strong confidence in Service Long March Tyres’ fundamentals, export potential and long-term growth story,” said Shahid Ali Habib, CEO of Arif Habib Limited.
The strong investor response is being viewed as a notable development for Pakistan’s capital market, particularly as export-oriented manufacturing companies continue to attract attention.
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