Total IPOs Reach 12 in FY26 As SECP Allows Top Tyre Producer to List At PSX

The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance and publication of the prospectus for the Initial Public Offering (IPO) of Service Long March Tyres Limited (SLM).

With this approval, the total number of IPOs in FY2025–26 has reached 12.

This momentum comes despite a challenging global environment. Pakistan’s capital market demonstrated resilience amid geopolitical tensions, including the US-Iran war, rising oil prices, higher freight and insurance costs, and broad risk-off sentiment in global markets.

During this period, the KSE-100 Index declined by 14.54 percent. However, strong domestic investor participation, sustained primary market activity, and ongoing regulatory reforms helped maintain overall market confidence.

SLM, engaged in the manufacturing, sale, and export of truck and bus radial tyres, is offering 389,738,038 ordinary shares, representing 5 percent of its post-IPO paid-up capital.

The offering will be conducted through the book-building mechanism, with 75% of shares allocated to institutional investors and high-net-worth individuals, while the remaining 25 percent will be available to retail investors.

The SECP advises investors to carefully review the prospectus before making any investment decisions.