The IPO will comprise 389.738 million ordinary shares, representing 5% of the company's post-IPO paid-up capital. The shares will be issued through a book-building process, with a floor price of Rs. 14.25 per share, which could increase by up to 40% to Rs. 19.95 depending on investor demand. Of the total shares, 75% will be allocated to institutional investors and 25% to retail investors.
BUSINESSPublished 29 Apr 2026 • Published 4h ago
Service Long March Tyres Rs. 7.8 Billion IPO Launch in Pakistan
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Service Long March Tyres Limited has received approval from the Pakistan Stock Exchange for an initial public offering (IPO) aimed at raising Rs. 7.8 billion. The IPO will offer 389.738 million shares at a floor price of Rs. 14.25, with plans to expand into the passenger car radial tyre segment, marking a significant shift for the company.
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