SECP Approves Service Long March Tyres IPO, Marking 12th Listing This Fiscal Year

English Translation

In a major development for investors, the momentum of new listings on the Pakistan Stock Exchange continues as more companies go public.

The Securities and Exchange Commission of Pakistan (SECP) has officially granted approval for the Initial Public Offering (IPO) of a prominent domestic tire manufacturing firm. This marks the 12th IPO to be launched in the current fiscal year.

Under the approved plan, Service Long March Tyres will offer over 389.7 million shares for sale. The company is a key player in the production of radial tires specifically designed for trucks and buses.

According to the SECP, the IPO will be conducted using the book-building method. Of the total shares offered, 75% are reserved for institutional and high-net-worth investors, while the remaining 25% are designated for retail investors.

The regulator noted that robust participation from local investors is sustaining market confidence and driving increased activity within the capital markets.