The general public subscription for the Initial Public Offering of Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, will open on July 2 and continue till July 3, 2026 till 11:59 pm, following the successful completion of its book-building process.
The Company is offering a total of 88.88 million ordinary shares, representing 10% of its post-IPO paid-up capital. Of the total offer, 66.66 million shares (75%) were allocated to the book-building phase, which was fully subscribed at a strike price of Rs34 per share, reflecting strong demand from high-net-worth individuals and institutional investors.
Following the successful completion of the book-building process, the remaining 22.22 million shares (25%) will be offered to the general public on July 2 and 3 at the strike price of Rs34 per share.
Select Technologies Limited is engaged in the manufacturing and assembly of smartphones, smart TVs, air conditioners in Pakistan. The Company has established partnerships with global technology brands including Xiaomi and Hisense and is positioned to benefit from Pakistan’s growing shift toward local manufacturing of consumer electronics and smart devices.
Muzaffar Hayat Paracha, Group CEO of Air Link Communication Limited, said the successful book-building reflects investor confidence in Select Technologies’ business model, manufacturing capabilities and future growth prospects. Select Technologies is built around the vision of strengthening Pakistan’s local electronics manufacturing base and bringing globally recognized technology products to Pakistani consumers, he said.
Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, said the response received during book-building highlights the market’s confidence in quality issuers with strong fundamentals. The successful completion of book-building is an encouraging sign for Pakistan’s capital market and for companies looking to raise growth capital through the stock exchange, he said.
Investors can take this opportunity to invest in a company driven by innovation, strong strategic partnerships, local manufacturing excellence, and a Shariah-compliant business structure.
Applications can be submitted online through the CDC Centralized Subscription Portal at https://cdcaccess.com.pk and the PSX e-IPO Service at https://eipo.psx.com.pk.