KARACHI: 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 has offered an aggregate of 88.88 million ordinary shares, which is equivalent to 10% of its Select Technologies IPO paid-up capital. Out of the entire offering, 66.66 million shares or 75% of the total shares have been allotted to the book building process. This entire book building process has been fully subscribed for Rs34 per share.
After the completion of the book building process, 22.22 million shares (25% of the total issuance) will be offered to the general public on July 2 & 3, 2007 at the strike price of Rs34 per share.
Select Technologies IPO 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 cdcaccess and the PSX e-IPO Service at PSX’s Electronic Initial Public Offering System
Nayab Fatima is a media professional specializing in fact-based journalism, research, and analytical reporting on technology, telecom, aviation, and automobiles.
