UPCOMING IPO: Select Technologies Prepares for Strategic Commercial Launch

UPCOMING IPO: Select Technologies Prepares for Strategic Commercial Launch
The Initial Public Offering of Select Technologies Limited is set to be officially announced today at the Pakistan Stock Exchange, with the listing slated to begin on June 17, continuing through June 23, 2026. This is a pivotal moment for the technology sector in Pakistan, highlighting the company’s expansion ambitions.

Select Technologies, a subsidiary of Air Link Communication Limited, is offering 88.88 million shares at a floor price of Rs28 per share. The offering is part of a book-building process aimed at raising a base capital of approximately Rs2.49 billion, with a potential upper limit of Rs3.73 billion.

The IPO registration commenced on June 17 and will conclude by June 23, with further public subscription scheduled for July 2 and July 3, 2026. These details signal strong investor interest in the company’s strategic role within local manufacturing and consumer tech markets.

Select Technologies is committed to advancing its footprint in Pakistan’s growing technology and electronics sectors. The company is dedicated to supporting its growth through key retail partnerships with global brands such as Xiaomi and Hisense, reinforcing its vision for Pakistan’s local electronics manufacturing ecosystem.

Shahid Ali Habib, the company’s CEO, emphasized the significance of the IPO, noting the increasing investor focus on Pakistan’s tech-driven development and local production capabilities. The joint efforts of Arif Habib Limited and Intermarket Securities have been instrumental in preparing for this milestone.

Media Attachment Remains Unchanged

“The IPO is a strategic move to strengthen Select Technologies’ position in the regional consumer technology market.”

Note: All media elements are preserved exactly as provided.

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