SECP approves Service Long March Tyres IPO

May 02, 2026 (MLN): The Securities and Exchange Commission of Pakistan has granted approval for the prospectus of the Initial Public Offering (IPO) of Service Long March Tyres Limited, bringing the total number of IPOs in FY2025–26 to 12.

This reflects a steady flow of companies choosing to raise capital through listings on the Pakistan Stock Exchange, according to a press release issued.

The sustained IPO activity comes at a time of global economic uncertainty.

Pakistan’s capital markets have shown resilience despite external pressures such as geopolitical tensions including the US-Iran conflict rising oil prices, elevated freight and insurance costs, and an overall risk-averse global investment climate.

Over the same period, the benchmark KSE-100 Index recorded a decline of 14.54%.

 Nonetheless, strong participation from domestic investors, continued activity in the primary market, and ongoing regulatory reforms have helped preserve investor confidence.

Service Long March Tyres Limited, which manufactures and exports truck and bus radial tyres, plans to offer 389.7 million ordinary shares equivalent to 5% of its post-IPO paid-up capital.

The IPO will be conducted via a book-building process, with 75% of the shares reserved for institutional investors and high-net-worth individuals, while the remaining 25% will be open to retail investors.

The steady stream of new listings highlights increasing corporate trust in the capital markets as a viable source of funding.

The SECP has urged investors to carefully review the prospectus before making investment decisions.

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