Select Technologies sets floor at Rs28 for PSX debut via Book Building

June 16, 2026 (MLN): Select Technologies Limited is set to launch its Initial Public Offering through the Book Building method on the Pakistan Stock Exchange, with both SECP and PSX having approved the issuance and publication of its Prospectus.

Select Technologies Limited, is a wholly owned subsidiary of Air Link Communication.

The company is offering 88,888,889 ordinary shares, of which 75% amounting to 66,666,667 shares  will be offered through Book Building at a floor price of Rs28 per share, with a maximum price band of Rs42 per share.

The remaining 25% of the issue, comprising 22,222,222 shares, will be offered to retail investors at the strike price determined through the Book Building process. The retail portion of the IPO will be fully underwritten.

Eligible Participants wishing to take part in the Book Building process may register with PSX through a one-time registration, with no re-registration required for those already enrolled.

The Book Building and registration schedule is as follows:

The aforementioned information was disseminated through a notification to Exchange.

Arif Habib Limited and Intermarket Securities Limited are acting as joint consultants to the issue.

The IPO proceeds will primarily be utilized to finance the establishment of a new state-of-the-art production facility at Sundar Green Special Economic Zone, Lahore, for the manufacturing and assembly of air conditioners.

The proceeds will also support expansion of the Company’s TV production line, investment in smartphone plant and machinery, and working capital requirements.

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