HNWIs emerge as largest buyers in SLM IPO
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MG News | May 20, 2026 at 01:27 PM GMT+05:00
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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