Select Technologies Limited
Select Technologies Limited announced an Initial Public Offering (IPO) on the Pakistan Stock Exchange to raise Rs. 2.489 billion by issuing 88.89 million ordinary shares.
Why it matters for sellers
IPO = compliance, infrastructure, and budget expansion
Signal details
- Financing type
- Ipo
- Counterparty
- Pakistan Stock Exchange
- Reported
- August 8, 2026
- Source
- techjuice.pk
From the coverage · techjuice.pk
Select Technologies Limited is gearing up for a massive expansion. The wholly owned subsidiary of Air Link Communication Limited just announced an Initial Public Offering (IPO). Consequently, the company aims to raise Rs. 489 billion. This major move will significantly expand its technology manufacturing operations in Pakistan. Recently, both the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) approved the offering. 89 million ordinary shares. This chunk represents 10% of its post-IPO paid-up capital.
The company will conduct this offering through the book-building method. 67 million shares to institutional and eligible investors. This allocation makes up 75% of the total IPO. The floor price stands at Rs. 28 per share. Furthermore, bidders can bid up to Rs. 42 per share, since the maximum price band rests at 50% above the floor price. 22 million shares. They will purchase these at the final strike price determined by the book-building process. Notably, the company has fully underwritten this retail portion. Registration for eligible investors kicks off tomorrow, June 17, and runs until June 23.
Following this, the actual book-building process will occur on June 22 and June 23. Finally, public subscription will open next month on July 2 and July 3. To facilitate this massive financial event, Arif Habib Limited and Intermarket Securities Limited are jointly serving as consultants to the issue. Currently, Select Technologies Limited manufactures and assembles smart televisions, smartphones, and consumer appliances for global giants like Xiaomi and Hisense. 5% share of Pakistan’s smartphone assembly market. 7% of all mobile devices manufactured in the country during the 2025 fiscal year.
Going forward, the company plans to inject the IPO proceeds directly into physical growth. Primarily, Select Technologies will establish a brand-new manufacturing facility in Lahore. This plant, located at the Sundar Green Special Economic Zone, will focus entirely on air conditioner production and assembly.
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