KARACHI: Select Technologies Ltd’s initial public offering book-building process was fully subscribed at Rs34 per share, above the floor price of Rs28 per share, raising Rs3.02 billion.

The company offered 66.67 million ordinary sha­­­res, and the offering was oversubscribed by 3.2 times. This strong demand reflects investor confide­n­­ce in both Pakistan’s exp­anding smart devices and consumer electronics ma­­nufacturing sector and the company’s growth potential, says a press release.

Select Technologies Ltd, a wholly owned subsidiary of Air Link Communication Ltd, manufactures and assembles smartphones, smart TVs, air conditioners, and other consumer appliances in Pakistan. The company plans to expand into higher-margin consumer technology and home appliance segments.

Published in Dawn, June 24th, 2026