Service Long March Tyres files for IPO

MG News | April 14, 2026 at 09:03 AM GMT+05:00

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April 14, 2026 (MLN): Service Long March Tyres Limited (SLM) has filed its prospectus with the Pakistan Stock Exchange, seeking to raise between PKR 5.6 billion and PKR 7.8 billion through an initial public offering, according to a company statement.

The offering comprises 389.7 million ordinary shares at a floor price of PKR 14.25 apiece, representing a 5% stake in the company following the listing.

Proceeds from the IPO will be directed toward the development of a passenger car radial (PCR) tyre manufacturing project, with an estimated total cost of PKR 22.5 billion.

The remaining funding requirement will be financed through a combination of long-term borrowing and internal cash generation.

The planned expansion comes as Pakistan’s tyre market shows increasing demand for locally manufactured radial tyres, a segment historically dominated by imports.

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