IPO roadmap set for Service Long March Tyres

May 12, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange Limited (PSX) have approved the issuance, circulation, and publication of the prospectus for the initial public offering (IPO) of 389,738,038 ordinary shares of Service Long March Tyres Limited.

The IPO will be carried out through the book building method along with public subscription arrangements.

75% of the issue size, representing 292,303,528 shares, will be offered through book building at a floor price of Rs14.25 per share with a maximum price band of up to 40% at Rs19.95 per share, according to PSX notice.

Eligible participants will take part in the book building process through registration and submission of expression of interest as per the prescribed procedure under the Public Offering Regulations.

The participation process will be carried out within the designated time schedule issued for the offering.

Registration for eligible participants remains open from 13 May 2026 to 19 May 2026 between 9:00 AM and 5:00 PM, with closing at 3:00 PM on the final day.

Expression of interest submission will remain open during the same period between 9:00 AM and 4:30 PM. Bidding activity is scheduled from 18 May 2026 to 19 May 2026 between 9:00 AM and 5:00 PM.

Advance and margin collection against bid amounts will take place from 13 May 2026 to 19 May 2026 between 9:00 AM and 4:30 PM.

Final collection from successful bidders and refund of margin money to unsuccessful participants will be completed on 20 May 2026 between 9:00 AM and 12:00 noon.

Any increase in bid amount during the bidding period will require additional margin deposit by existing bidders in line with the applicable regulations and procedures.

Copyright Mettis Link News