SLM IPO draws 16.7x oversubscription at Rs19.95 strike price

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

Add Mettisglobal as a Trusted Source on Google

0:00

May 20, 2026 (MLN): The Initial Public Offering (IPO) of Service Long March Tyres Limited (SLM) witnessed strong investor demand, with the strike price set at Rs19.95 per share following book building conducted on May 18–19, 2026.

The IPO attracted total participation of approximately Rs69.38 billion against an issue size of Rs4.17bn, resulting in an oversubscription of 16.7 times, the Arif Habib Limited filed on PSX revealed today.

The offering was subscribed within just 5 seconds, setting a new benchmark in the capital market. A total of 2,378 investors participated in the book building process, out of which 2,375 were successful.

The category-wise breakdown shows strong institutional and retail interest. High Net Worth Individuals (HNWI) led participation with 124.30m shares allocated, followed by Mutual Funds with 67.90m shares and Other Institutions/Corporates with 48.66m shares.

Commercial Banks and TREC holders also secured significant allocations, reflecting broad-based demand across investor classes.

Overall, the strong subscription shows robust market confidence in the tyre manufacturing sector and the listing outlook of SLM in the capital market.

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

Related News

Islamic banking assets set to hit Rs19tr by 2026

Honda Atlas Cars (Pakistan) Limited profit climbs 19% in MY26

Name	Price/Vol	%Chg/NChg
KSE100	163,701.00 93.88M	0.49% 804.32
ALLSHR	98,891.05 216.72M	0.45% 441.36
KSE30	48,932.48 56.90M	0.50% 245.01
KMI30	235,372.50 53.90M	0.65% 1523.19
KMIALLSHR	64,473.24 108.76M	0.66% 425.14
BKTi	44,551.43 17.51M	0.46% 204.37
OGTi	34,759.85 3.97M	0.98% 336.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,320.00	77,530.00 76,465.00	485.00 0.63%
BRENT CRUDE	109.93	111.49 109.52	-1.35 -1.21%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	111.50	0.00 0.00	-0.95 -0.84%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	102.89	104.45 102.50	-1.26 -1.21%
SUGAR #11 WORLD	15.00	15.10 14.95	-0.01 -0.07%