Wholly-owned subsidiary of Air Link Communication, producer of Xiaomi and Hisense devices, is entering the capital markets of Pakistan in its historic Initial Public Offering
Investor registration for the Select Technologies Limited IPO will begin on June 17, 2026, and close at 3pm on June 23, 2026. Book building itself will be carried out on June 22 and 23, offering an obvious yet tight opportunity to interested investors to participate in what is expected to be one of the most exciting tech listings in Pakistan this year.
The Select Technologies Limited initial public offering is a milestone event for the Pakistani capital market as for the first time ever a company with substantial production capacity and international brands’ tie-ups, with an ongoing expansion program, goes public.
What Select Technologies Really Does
Select Technologies Limited is a fully-owned subsidiary of Air Link Communication Limited, which happens to be a very well-known entity from Pakistan in the field of mobile devices and technology. The company is actively involved in the manufacturing and assembling of smartphones, smart TVs, air conditioning units, and other such gadgets in Pakistan.
More importantly, Select Technologies does not manufacture generic or unknown products. It produces products for Xiaomi and Hisense two of the best-known consumer technology brands on the planet with large and loyal fan bases in both Pakistan and worldwide. This ensures that the company has a demand base that is hard to find for purely local companies.
Thus, the Select Technologies Limited IPO provides an opportunity for investors to invest directly in the Pakistani manufacturing capacity within the domain of smartphones and consumer electronics, which is at the crossroads of import substitution, technology localization, and increasing demands of the country’s middle class.
Structure and Pricing of the IPO
The total number of ordinary shares offered through the Select Technologies Limited IPO is 88.889 million, which amounts to exactly 10 percent of the post-IPO paid-up capital of the company. The bottom pricing for each share is fixed at PKR 28, while the top pricing can extend up to 50 percent higher at PKR 42 per share.
The total size of the issue at the floor price will be PKR 2.489 billion. In case of a book building process driving prices towards the top range, the company is likely to raise PKR 3.7 billion through this issue. This is a realistic range that allows for true price discovery as well as capital flexibility for the company.
There is a clear division of the offering into two distinct parts. The 75 percent of the overall offering goes through the book building method, which is aimed at institutions and qualified investors. However, the remaining 25 percent is allocated for retail investors under the general public part of the offering.
The Uses of the Capital Raised
The capital raised from the Select Technologies Ltd. IPO has been designated to be used for certain and definite expansion purposes and not general purposes. The firm has set out four major uses of the capital raised.
The purchase of plant and equipment used in assembling the air-conditioners would be a development of a new product line and therefore add diversity to the company’s source of income through the air conditioners, other than from the smartphone segment. The upgrading of the existing plant equipment for the smartphones would improve the existing core business operations. Expansion of the assembly lines for TVs would upscale the current production of the smart TVs.
Market Position and Size of Operations
In the Select Technologies Limited IPO prospectus, there is a description of a company which has already acquired market presence even prior to going public. The company, SELECT, possesses a 15.5 percent market share in Pakistan’s smartphone assembly segment and has a 7.7 percent share in overall mobile phone production in Pakistan for the fiscal year 2025. This is definitely no beginner’s level market presence.
The capacity at the newly launched production plant of the company at Sundar Green Special Economic Zone in Lahore will be raised through the expansion project being undertaken. The cumulative annual production capacity for SELECT after the expansion project will stand at 7 million mobile phones, 360,000 televisions, and 400,000 air conditioners.
Capital Market Importance
According to Shahid Ali Habib, who is the CEO of Arif Habib Limited – one of the joint consultants for the offering along with Intermarket Securities Limited, the Select Technologies Limited Initial Public Offering can be seen from a perspective of industrialization of Pakistan.
It was seen by him as yet another significant addition to the capital market of Pakistan considering the company’s presence in the domain of manufacturing of smart devices and consumer electronics, its backing by a strong sponsor Air Link Communication, international brand collaborations with Xiaomi and Hisense, and entry in higher margin product categories.
Investors are required to register between June 17 and June 23, 2026, up to 3 pm on the last day. Book building will be done on June 22 and June 23, 2026. Investors wishing to subscribe for the shares of Select Technologies Limited through its IPO should make sure to register themselves well in advance.
The IPO of Select Technologies Limited has been jointly managed by two leading capital market advisers in Pakistan: Arif Habib Limited and Intermarket Securities Limited.
Nayab Fatima is a university graduate and an emerging media professional with a strong passion for journalism, research, and independent reporting. She specializes in developing well-researched, fact-based, and analytical news stories covering a wide range of sectors, with particular expertise in technology, telecommunications, aviation, and the automobile industry.
