News Desk
KARACHI: Service Long March Tyres Limited’s Initial Public Offering (IPO) book building was fully subscribed within the first 5 seconds of opening, marking one of the fastest-ever book building transactions in the history of the Pakistan Stock Exchange (PSX).
The exceptional response from institutional investors and high-net-worth individuals reflects strong investor confidence in Service Long March Tyres’ business model, export potential, manufacturing scale, and future growth outlook.
The IPO is being offered at a price band of PKR 14.25 to PKR 19.95 per share, while the book building process is scheduled for May 18 and 19, 2026. The company’s valuation for the IPO has been estimated at around US$550 million, with management targeting to build it into a US$1 billion company within 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 response to Service Long March Tyres’ IPO is being seen as a positive development for Pakistan’s capital market, particularly at a time when export-led manufacturing companies are attracting growing investor interest.
