Overview
- Select Technologies completed a two-day Dutch book-building process on Tuesday and discovered a strike price of Rs34 per share for an 88.88 million share offering.
- Institutional and high‑net‑worth investors took 66.66 million shares, raising Rs2.26 billion, while a 22.22 million‑share retail tranche is scheduled for July 2–3 to raise the remaining Rs755.55 million.
- Lead manager Arif Habib Limited reported the book was oversubscribed about 3.23 times, reflecting strong investor demand for the deal.
- The IPO prospectus commits proceeds to build an air‑conditioner production facility at Sundar Green SEZ, expand TV lines, upgrade smartphone manufacturing machinery, and finance working capital.
- The listing will be the first IPO of Pakistan’s 2026–27 fiscal year and is being watched as an early test of investor support for import substitution and onshore consumer electronics manufacturing.