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