HNWIs emerge as largest buyers in SLM IPO

MG News | May 20, 2026 at 01:27 PM GMT+05:00

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May 20, 2026 (MLN): High Net Worth Individuals (HNWIs) emerged as the largest investors in Service Long March Tyres Limited (SLM) IPO, securing an allocation of 124.3 million shares, which accounted for 42.5% of the total shares allocated across all investor categories.

According to the category-wise breakup of successful investors, Mutual Funds stood as the second-largest buyers with an allocation of 67.9m shares, reflecting strong institutional interest in the offering, the Arif Habib Limited filed on PSX revealed today.

Other Institutions and Corporates were allocated 48.66m shares, while Commercial Banks secured 17.26m shares.

Meanwhile, TREC Holders received 16.53m shares, followed by Insurance Companies with 9.03m shares and Development Financial Institutions (DFIs) with 5.5m shares.

Investment Companies were allotted 2.51m shares, whereas Employees’ Provident and Pension Funds received the smallest allocation of 0.62m shares.

Overall, a total of 292.3m shares were allocated to successful investors across various categories, highlighting broad-based participation in the IPO.

Category wise Investors	Shares Allocated
Commercial Banks	17,258,150
Development Financial Institutions	5,504,323
Mutual Funds	67,896,229
Insurance Companies	9,029,734
Investment Companies	2,505,110
Employees' Provident / Pension Funds	619,903
TREC Holders	16,534,752
Other Institution/Corporates	48,658,042
High Net Worth Individuals	124,297,285
Total	292,303,528

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